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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Blue Foundry Bancorp's accounts receivables for the quarter that ended in Dec. 2023 was $7.60 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Blue Foundry Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 70.95.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Blue Foundry Bancorp's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-55.24.
The historical data trend for Blue Foundry Bancorp's Accounts Receivable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Blue Foundry Bancorp Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Accounts Receivable | 5.39 | 5.75 | 5.37 | 6.89 | 7.60 |
Blue Foundry Bancorp Quarterly Data | |||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Accounts Receivable | Get a 7-Day Free Trial |
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6.89 | 7.38 | 7.29 | 7.79 | 7.60 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.
Blue Foundry Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 7.595 | / | 9.768 | * | 91 |
= | 70.95 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Blue Foundry Bancorp's accounts receivable are only considered to be worth 75% of book value:
Blue Foundry Bancorp's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:
Net-Net Working Capital Per Share | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (329.791 | + | 0.75 * 7.595 | + | 0.5 * 0 | - | 1689.323 |
- | 0 | - | 0) | / | 24.51 | ||
= | -55.24 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.
If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.
Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.
Thank you for viewing the detailed overview of Blue Foundry Bancorp's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
James Christopher Ely | director | 19 PARK AVENUE, RUTHERFORD NJ 07070 |
Jonathan M. Shaw | director | 19 PARK AVENUE, RUTHERFORD NJ 07070 |
Elizabeth Varki Jobes | director | 640 LEE ROAD, CHESTERBROOK PA 19087 |
Robert Thomas Goldstein | director | 19 PARK AVENUE, RUTHERFORD NJ 07070 |
Kenneth Grimbilas | director | 19 PARK AVENUE, RUTHERFORD NJ 07070 |
Jason M. Goldberg | officer: EVP and Chief Lending Officer | 19 PARK AVENUE, RUTHERFORD NJ 07070 |
James D Nesci | director, officer: President and CEO | 830 BERGEN AVENUE, JERSEY CITY NJ 07306 |
Robert Rowe | officer: EVP and Chief Risk Officer | C/O CIT GROUP INC., ATTN:GENERAL COUNSEL, 1 CIT DRIVE, LIVINGSTON NJ 07039 |
Patrick H. Kinzler | director | 19 PARK AVENUE, RUTHERFORD NJ 07070 |
Margaret Letsche | director | 19 PARK AVENUE, RUTHERFORD NJ 07070 |
Kelly Pecoraro | officer: EVP and CFO | 19 PARK AVENUE, RUTHERFORD NJ 07070 |
Alexander Agnoletto | officer: Controller and Interim CFO | 19 PARK AVENUE, RUTHERFORD NJ 07070 |
Brent Michael Ciurlino | officer: EVP and CCO | 19 PARK AVENUE, RUTHERFORD NJ 07070 |
Elizabeth Marie Miller | officer: EVP and CRO | 19 PARK AVENUE, RUTHERFORD NJ 07070 |
Aleksander Malkiman | officer: EVP and Chief Tech Officer | 19 PARK AVENUE, RUTHERFORD NJ 07070 |
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