Southern States Bancshares (FRA:6U2) Change In Receivables : €-2.30 Mil (TTM As of Mar. 2024)

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What is Southern States Bancshares Change In Receivables?

Southern States Bancshares's change in receivables for the quarter that ended in Mar. 2024 was €-0.78 Mil. It means Southern States Bancshares's Accounts Receivable increased by €0.78 Mil from Dec. 2023 to Mar. 2024 .

Southern States Bancshares's change in receivables for the fiscal year that ended in Dec. 2023 was €-1.60 Mil. It means Southern States Bancshares's Accounts Receivable increased by €1.60 Mil from Dec. 2022 to Dec. 2023 .

Southern States Bancshares's Accounts Receivable for the quarter that ended in Mar. 2024 was €8.80 Mil.

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 Receivable are being managed. Southern States Bancshares's Days Sales Outstanding for the three months ended in Mar. 2024 was 39.46.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Southern States Bancshares's liquidation value for the three months ended in Mar. 2024 was €-1,796.90 Mil.

Southern States Bancshares Change In Receivables Historical Data

The historical data trend for Southern States Bancshares's Change In Receivables 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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Southern States Bancshares Change In Receivables Chart

Southern States Bancshares Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

0.67

-1.03

0.07

-2.64

-1.60

Southern States Bancshares Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial													-0.11	-0.27	-0.89	-0.36	-0.78

Southern States Bancshares Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2.30 Mil.

Southern States Bancshares (FRA:6U2) Change In Receivables 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 Receivable are being managed.

Southern States 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
=	8.796	/	20.338	*	91
=	39.46

2. In Ben Graham's calculation of liquidation value, Southern States Bancshares's accounts receivable are only considered to be worth 75% of book value:

Southern States Bancshares's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	301.545	-	2105.046	+	0.75 * 8.796	+	0.5 * 0
=	-1,796.90

Southern States Bancshares Change In Receivables Related Terms

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Southern States Bancshares (FRA:6U2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern States Bancshares Inc (FRA:6U2) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

SSBK:USA

Address

615 Quintard Avenue, Anniston, AL, USA, 36201

Website

https://www.southernstatesbank.net

Southern States Bancshares Inc is a full service community banking institution, which offers an array of deposit, loan and other banking-related products and services to businesses and individuals in communities.

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