Pinnacle Bank (Pinnacle Bank) Accounts Receivable : $19.49 Mil (As of Dec. 2023)

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What is Pinnacle Bank Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pinnacle Bank's accounts receivables for the quarter that ended in Dec. 2023 was $19.49 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pinnacle Bank's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 86.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pinnacle Bank's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-99.90.

Pinnacle Bank Accounts Receivable Historical Data

The historical data trend for Pinnacle Bank'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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Pinnacle Bank Accounts Receivable Chart

Pinnacle Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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13.39

14.18

17.00

18.64

19.49

Pinnacle Bank Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Accounts Receivable	Get a 7-Day Free Trial						13.39	14.18	17.00	18.64	19.49

Pinnacle Bank Accounts Receivable Calculation

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

Pinnacle Bank 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	19.492	/	41.097	*	91
=	86.56

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

Pinnacle Bank'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)
=	(143.261	+	0.75 * 19.492	+	0.5 * 0	-	729.494
-	0	-	0)	/	5.72198
=	-99.90

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.

Pinnacle Bank Accounts Receivable Related Terms

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Pinnacle Bank (Pinnacle Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pinnacle Bank (OTCPK:PBNK) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7597 Monterey Street, Gilroy, CA, USA, 95020

Website

https://www.pinnaclebankonline.com

Pinnacle Bank is a bank holding company. The bank offers a range of commercial and retail banking products and services, including checking, savings and time deposits, individual retirement accounts, merchant bankcard processing, residential and commercial mortgages, home equity loans, consumer installment loans, agricultural loans, investment loans, small business loans, commercial lines of credit and letters of credit. It offers various types of deposits, including noninterest-bearing demand deposits and interest-bearing deposits. It provides products and services to small to middle-market businesses, professionals, not-for-profit organizations, and individuals.