Eastern Michigan Financial (Eastern Michigan Financial) Accounts Receivable : $0.00 Mil (As of Dec. 2006)

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What is Eastern Michigan Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Eastern Michigan Financial's accounts receivables for the quarter that ended in Dec. 2006 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Eastern Michigan Financial's Days Sales Outstanding for the quarter that ended in Dec. 2006 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. Eastern Michigan Financial's Net-Net Working Capital per share for the quarter that ended in Dec. 2006 was $-178.56.

Eastern Michigan Financial Accounts Receivable Historical Data

The historical data trend for Eastern Michigan Financial'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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Eastern Michigan Financial Accounts Receivable Chart

Eastern Michigan Financial Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Accounts Receivable

1.24

1.38

1.28

1.42

Eastern Michigan Financial Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06
Accounts Receivable	1.24	1.38	1.28	1.42	-

Eastern Michigan Financial Accounts Receivable Calculation

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

Eastern Michigan Financial 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.

Eastern Michigan Financial's Days Sales Outstanding for the quarter that ended in Dec. 2006 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	10.104	*	91
=	0.00

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

Eastern Michigan Financial's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2006 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)
=	(5.599	+	0.75 * 0	+	0.5 * 0	-	210.846
-	0	-	0.52)	/	1.15236
=	-178.56

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.

Eastern Michigan Financial Accounts Receivable Related Terms

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Eastern Michigan Financial (Eastern Michigan Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Michigan Financial Corp (OTCPK:EFIN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

65 North Howard Avenue, Croswell, MI, USA, 48422

Website

https://www.emb.bank

Eastern Michigan Financial Corp is a bank holding company. The Company through its holding provides baking products and services including personal banking, business banking and lending including diversified loans. Personal banking includes debit and credit cards, mobile banking and deposit services where Business banking includes cash management and other business-related services. The portfolio segments include commercial and industrial, agricultural, real estate related industries, other commercial loans, residential real estate, consumer and other, and home equity.

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