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First Keystone (First Keystone) Accounts Receivable : $5.20 Mil (As of Dec. 2023)


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What is First Keystone Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Keystone's accounts receivables for the quarter that ended in Dec. 2023 was $5.20 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Keystone's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 54.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Keystone's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-144.53.


First Keystone Accounts Receivable Historical Data

The historical data trend for First Keystone'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.

* Premium members only.

First Keystone Accounts Receivable Chart

First Keystone Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.41 4.54 4.36 4.39 5.20

First Keystone 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.39 4.04 4.17 4.62 5.20

First Keystone Accounts Receivable Calculation

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


First Keystone 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 Keystone's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=5.201/8.731*91
=54.36

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

First Keystone'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)
=(409.981+0.75 * 5.201+0.5 * 0-1294.255
-0-0)/6.09116
=-144.53

* 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.


First Keystone Accounts Receivable Related Terms

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First Keystone (First Keystone) Business Description

Traded in Other Exchanges
N/A
Address
111 West Front Street, Berwick, PA, USA, 18603
First Keystone Corp is a bank holding company based in the United States. The corporation operates through its wholly-owned subsidiary, which operates as an independent community financial services provider, and offers traditional banking and related financial services to individual, business, government, and public and institutional customers. Its banking activities include accepting time, demand, and savings deposits and making secured and unsecured commercial, real estate, and consumer loans.
Executives
Whitney B Holloway director 1034 THIRD ST, NESCOPECK PA 18635
Donald Matthew Bower director 1755 SALEM BOULEVARD, BERWICK PA 18603
Michael L Jezewski director 662 E. MAIN STREET, NANTICOKE PA 18634
Jonathan Robert Littlewood officer: Senior Vice President 98 W. 10TH STREET, BLOOMSBURG PA 17815
Nancy Jean Marr director 2083 CONTINENTAL BLVD, TURBOTVILLE PA 17772
Robert Alvin Bull director 501 E 11TH ST, BERWICK PA 18603
John E Arndt director 5 SONNY ROAD, BERWICK PA 18603
William Elmer Rinehart director 860 POLK VALLEY ROAD, STROUDSBURG PA 18360
Conahan Joseph B Jr director R.D. 5 5121B, HICKORY CIRCLE, STROUDSBURG PA 18360
Elaine A Woodland officer: Senior Vice President RR 7 BOX 7353, SAYLORSBURG PA 18353
Mark James Mcdonald officer: SVP 3004 RED LANE, DANVILLE PA 17821
John G Gerlach director 32 WYNDHAM HILLS, CRESCO PA 18326
Don E Bower director 1371 STATE RT 93, BERWICK PA 18603
Jeffrey Thomas Wozniak officer: SVP 26 GRECO DRIVE, SUGARLOAF PA 18249
Jacob Richard Price officer: SVP 929 MCGRANN BLVD, LANCASTER PA 17601

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