North Dallas Bank & Trust Co (North Dallas Bank & Trust Co) Accounts Receivable : $6.44 Mil (As of Dec. 2006)

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What is North Dallas Bank & Trust Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. North Dallas Bank & Trust Co's accounts receivables for the quarter that ended in Dec. 2006 was $6.44 Mil.

Accounts receivable can be measured by Days Sales Outstanding. North Dallas Bank & Trust Co's Days Sales Outstanding for the quarter that ended in Dec. 2006 was 41.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. North Dallas Bank & Trust Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2006 was $-299.96.

North Dallas Bank & Trust Co Accounts Receivable Historical Data

The historical data trend for North Dallas Bank & Trust Co'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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North Dallas Bank & Trust Co Accounts Receivable Chart

North Dallas Bank & Trust Co Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Accounts Receivable

6.41

6.24

6.58

6.44

North Dallas Bank & Trust Co Semi-Annual Data
	Dec03	Dec04	Dec05	Dec06
Accounts Receivable	6.41	6.24	6.58	6.44

North Dallas Bank & Trust Co Accounts Receivable Calculation

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

North Dallas Bank & Trust Co 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.

North Dallas Bank & Trust Co's Days Sales Outstanding for the quarter that ended in Dec. 2006 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.438	/	28.454	*	91
=	41.29

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), North Dallas Bank & Trust Co's accounts receivable are only considered to be worth 75% of book value:

North Dallas Bank & Trust Co'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)
=	(58.454	+	0.75 * 6.438	+	0.5 * 0	-	833.916
-	0	-	0)	/	2.56908
=	-299.96

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.

North Dallas Bank & Trust Co Accounts Receivable Related Terms

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North Dallas Bank & Trust Co (North Dallas Bank & Trust Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » North Dallas Bank & Trust Co (OTCPK:NODB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12900 Preston Road, Dallas, TX, USA, 75230-1329

Website

https://www.ndbt.com

North Dallas Bank & Trust Co operates in the banking industry. The bank performs general banking functions like the savings account, granting loans, debit and credit card facility, mortgage loans, online banking, investment management, retirement services, and financial planning.