Northrim BanCorp (Northrim BanCorp) Accounts Receivable : $12.0 Mil (As of Dec. 2023)

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What is Northrim BanCorp Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Northrim BanCorp's accounts receivables for the quarter that ended in Dec. 2023 was $12.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Northrim BanCorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 32.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Northrim BanCorp's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-327.81.

Northrim BanCorp Accounts Receivable Historical Data

The historical data trend for Northrim 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.

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Northrim BanCorp Accounts Receivable Chart

Northrim BanCorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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4.51

7.98

6.85

9.94

11.96

Northrim BanCorp Quarterly Data
	Mar19	Jun19	Sep19	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															9.94	-	-	-	11.96

Northrim BanCorp Accounts Receivable Calculation

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

Northrim BanCorp 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.

Northrim 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
=	11.958	/	33.217	*	91
=	32.85

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

Northrim 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)
=	(756.466	+	0.75 * 11.958	+	0.5 * 0	-	2572.779
-	0	-	0)	/	5.51346
=	-327.81

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.

Northrim BanCorp Accounts Receivable Related Terms

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Northrim BanCorp (Northrim BanCorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Northrim BanCorp Inc (NAS:NRIM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

NRI:Germany

Address

3111 C Street, Anchorage, AK, USA, 99503

Website

https://www.northrim.com

Northrim BanCorp Inc is a bank holding company. The company operates in two segments: Community Banking and Home Mortgage Lending. It generates maximum revenue from the Community Banking segment. It offers to spend and save products such as checking, savings, money market accounts, debit cards, cashback rewards, and credit cards. It also includes loans and credit lines, mortgage loans, investment, and plan products.

Executives

Linda C Thomas	director	P.O. BOX 20905, JUNEAU AK 99802
Murphy Krystal Nelson	director	3111 C STREET, ANCHORAGE AK 99503
Marilyn Romano	director	3111 C STREET, ANCHORAGE AK 99503
Aaron Michael Schutt	director	3111 C STREET, ANCHORAGE AK 99503
Joseph Marushack	director	3111 C STREET, ANCHORAGE AK 99503
David G Wight	director	3111 C STREET, ANCHORAGE AK 99503
John C Swalling	director	NORTHRIM BANCORP INC, PO BOX 241489, ANCHORAGE AK 99524-1489
David W Karp	director	4731 BLUE HERON CIRCLE, ANCHORAGE AK 99507
David J Mccambridge	director	3111 C STREET, ANCHORAGE AK 99503
Joseph M Schierhorn	officer: EVP, CFO	NORTHRIM BANCORP, INC., P.O. BOX 241489, ANCHORAGE AL 99524-1489
Jed W Ballard	officer: EVP, CFO	3111 C STREET, ANCHORAGE AK 99503
Larry S Cash	director	NORTHRIM BANCORPINC, PO BOX 241489, ANCHORAGE AK 99524-1489
Karl L Hanneman	director	506 GAFFNEY ROAD, SUITE 200, FAIRBANKS AK 99701
Anthony Drabek	director	NORTHRIM BANCORP, INC., P.O. BOX 241489, ANCHORAGE AL 99524-1489
Michael A Martin	officer: EVP, Gen Counsel & Corp Sec	3111 C STREET, ANCHORAGE AK 99503