First Citizens Bancshares (TN) (First Citizens Bancshares (TN)) Accounts Receivable : $0 Mil (As of Dec. 2018)

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What is First Citizens Bancshares (TN) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Citizens Bancshares (TN)'s accounts receivables for the quarter that ended in Dec. 2018 was $0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Citizens Bancshares (TN)'s Days Sales Outstanding for the quarter that ended in Dec. 2018 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Citizens Bancshares (TN)'s Net-Net Working Capital per share for the quarter that ended in Dec. 2018 was $-2,264.63.

First Citizens Bancshares (TN) Accounts Receivable Historical Data

The historical data trend for First Citizens Bancshares (TN)'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.

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First Citizens Bancshares (TN) Accounts Receivable Chart

First Citizens Bancshares (TN) Annual Data

Trend

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Dec18

Accounts Receivable

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First Citizens Bancshares (TN) Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

First Citizens Bancshares (TN) Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

First Citizens Bancshares (TN) Accounts Receivable Explanation

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.

First Citizens Bancshares (TN)'s Days Sales Outstanding for the quarter that ended in Dec. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	416.435	*	91
=	0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), First Citizens Bancshares (TN)'s accounts receivable are only considered to be worth 75% of book value:

First Citizens Bancshares (TN)'s Net-Net Working Capital Per Share for the quarter that ended in Dec. 2018 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)
=	(4884.55	+	0.75 * 0	+	0.5 * 0	-	31919.675
-	0	-	0)	/	11.938
=	-2,264.63

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.

First Citizens Bancshares (TN) Accounts Receivable Related Terms

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First Citizens Bancshares (TN) (First Citizens Bancshares (TN)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Citizens Bancshares Inc (TN) (OTCPK:FIZN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

4300 Six Forks Road, Raleigh, NC, USA, 27609

Website

https://www.firstcitizens.com

First Citizens Bancshares Inc (TN) is a financial holding company. The bank offers various services such as checking accounts, savings accounts, mobile and tablet banking, digital banking, loans, insurance and other banking services. The company operates its business in four segments, 1) General Banking which offers a full suite of deposit products, loans, cash management, wealth, payments and various other fee-based services., 2) Commercial Banking segment provides a range of lending, leasing, capital markets, asset management and other financial and advisory services to small and middle market companies, 3) Rail offers customized leasing and financing solutions on a fleet of railcars and locomotives to railroads and shippers throughout North America and 4) Corporate.