Farmers and Merchants Bancshares (MD) (Farmers and Merchants Bancshares (MD)) Accounts Receivable : $2.24 Mil (As of Mar. 2024)

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What is Farmers and Merchants Bancshares (MD) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Farmers and Merchants Bancshares (MD)'s accounts receivables for the quarter that ended in Mar. 2024 was $2.24 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Farmers and Merchants Bancshares (MD)'s Days Sales Outstanding for the quarter that ended in Mar. 2024 was 35.93.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Farmers and Merchants Bancshares (MD)'s Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-177.17.

Farmers and Merchants Bancshares (MD) Accounts Receivable Historical Data

The historical data trend for Farmers and Merchants Bancshares (MD)'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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Farmers and Merchants Bancshares (MD) Accounts Receivable Chart

Farmers and Merchants Bancshares (MD) Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec21

Dec22

Dec23

Accounts Receivable

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0.66

0.67

1.61

1.82

2.18

Farmers and Merchants Bancshares (MD) Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															1.74	1.83	2.02	2.18	2.24

Farmers and Merchants Bancshares (MD) Accounts Receivable Calculation

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

Farmers and Merchants Bancshares (MD) 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.

Farmers and Merchants Bancshares (MD)'s Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.236	/	5.679	*	91
=	35.93

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

Farmers and Merchants Bancshares (MD)'s Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(187.601	+	0.75 * 2.236	+	0.5 * 0	-	741.516
-	0	-	0)	/	3.11697
=	-177.17

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.

Farmers and Merchants Bancshares (MD) Accounts Receivable Related Terms

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Farmers and Merchants Bancshares (MD) (Farmers and Merchants Bancshares (MD)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Farmers and Merchants Bancshares Inc (MD) (OTCPK:FMFG) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

15226 Hanover Pike, Upperco, MD, USA, 21155

Website

http://www.farmersandmerchantsbk.com

Farmers and Merchants Bancshares Inc (MD) is an independent community bank, offering a broad range of financial services. The Bank operates five banking offices located in Northern Baltimore County and Carroll County, Maryland. It provides services of checking accounts, saving accounts, re-order checks and among others.