First Citizens Bancshares (TN) (First Citizens Bancshares (TN)) Change In Receivables : $13 Mil (TTM As of Dec. 2018)

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What is First Citizens Bancshares (TN) Change In Receivables?

First Citizens Bancshares (TN)'s change in receivables for the quarter that ended in Dec. 2018 was $20 Mil. It means First Citizens Bancshares (TN)'s Accounts Receivable declined by $20 Mil from Sep. 2018 to Dec. 2018 .

First Citizens Bancshares (TN)'s change in receivables for the fiscal year that ended in Dec. 2018 was $13 Mil. It means First Citizens Bancshares (TN)'s Accounts Receivable declined by $13 Mil from Dec. 2017 to Dec. 2018 .

First Citizens Bancshares (TN)'s Accounts Receivable for the quarter that ended in Dec. 2018 was $0 Mil.

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 Receivable are being managed. First Citizens Bancshares (TN)'s Days Sales Outstanding for the three months ended in Dec. 2018 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. First Citizens Bancshares (TN)'s liquidation value for the three months ended in Dec. 2018 was $-27,035 Mil.

First Citizens Bancshares (TN) Change In Receivables Historical Data

The historical data trend for First Citizens Bancshares (TN)'s Change In Receivables 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) Change In Receivables Chart

First Citizens Bancshares (TN) Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Change In Receivables

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34.07

34.26

-32.19

-19.52

12.57

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
Change In Receivables	Get a 7-Day Free Trial															-20.84	-3.19	1.59	-6.05	20.22

First Citizens Bancshares (TN) Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $13 Mil.

First Citizens Bancshares (TN) (OTCPK:FIZN) Change In Receivables 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 Receivable 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 liquidation value, First Citizens Bancshares (TN)'s accounts receivable are only considered to be worth 75% of book value:

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4884.55	-	31919.675	+	0.75 * 0	+	0.5 * 0
=	-27,035

First Citizens Bancshares (TN) Change In Receivables 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 » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

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.