Third Coast Bancshares (Third Coast Bancshares) Accounts Receivable : $25.8 Mil (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Third Coast Bancshares Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Third Coast Bancshares's accounts receivables for the quarter that ended in Mar. 2024 was $25.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Third Coast Bancshares's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 58.50.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Third Coast Bancshares's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-263.93.

Third Coast Bancshares Accounts Receivable Historical Data

The historical data trend for Third Coast Bancshares'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.

Third Coast Bancshares Accounts Receivable Chart

Third Coast Bancshares Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

3.25

13.68

10.23

18.34

23.12

Third Coast Bancshares Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial												19.03	19.58	22.82	23.12	25.77

Third Coast Bancshares Accounts Receivable Calculation

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

Third Coast Bancshares 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.

Third Coast Bancshares's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	25.769	/	40.196	*	91
=	58.50

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

Third Coast Bancshares'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)
=	(614.122	+	0.75 * 25.769	+	0.5 * 0	-	4236.785
-	0.069	-	0)	/	13.6529
=	-263.93

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.

Third Coast Bancshares Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Third Coast Bancshares's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Third Coast Bancshares (Third Coast Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Third Coast Bancshares Inc (NAS:TCBX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

20202 Highway 59 North, Suite 190, Humble, TX, USA, 77338

Website

https://www.tcbssb.com

Third Coast Bancshares Inc is a bank holding company. It focuses on providing commercial banking solutions to small and medium-sized businesses and professionals with operations in its markets. The bank operates eleven branches in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets, and one branch in Detroit, Texas.

Executives

William Bobbora	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
David R Phelps	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Vicki Alexander	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Richard J Mcwhorter	officer: Chief Financial Officer
Dennis Bonnen	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Audrey Duncan	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Michael Deckert	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Christopher Seay Peacock	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Tony Scavuzzo	director	102 E. FRONT ST., MONROE MI 48161
Martin Basaldua	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Carolyn Bailey	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Bart Caraway	director, officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Joseph Stunja	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Shelton Mcdonald	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Donald C Legato	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338