Meridian (Meridian) Change In Receivables : $-2.2 Mil (TTM As of Mar. 2024)

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What is Meridian Change In Receivables?

Meridian's change in receivables for the quarter that ended in Mar. 2024 was $-0.5 Mil. It means Meridian's Accounts Receivable increased by $0.5 Mil from Dec. 2023 to Mar. 2024 .

Meridian's change in receivables for the fiscal year that ended in Dec. 2023 was $-2.0 Mil. It means Meridian's Accounts Receivable increased by $2.0 Mil from Dec. 2022 to Dec. 2023 .

Meridian's Accounts Receivable for the quarter that ended in Mar. 2024 was $9.9 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. Meridian's Days Sales Outstanding for the three months ended in Mar. 2024 was 36.60.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Meridian's liquidation value for the three months ended in Mar. 2024 was $-1,951.6 Mil.

Meridian Change In Receivables Historical Data

The historical data trend for Meridian'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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Meridian Change In Receivables Chart

Meridian Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.26

-2.33

0.47

-2.35

-1.96

Meridian Quarterly Data
	Jun19	Sep19	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															-0.29	-	-1.33	-0.34	-0.54

Meridian 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 $-2.2 Mil.

Meridian (NAS:MRBK) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.864	/	24.593	*	91
=	36.60

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

Meridian'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)
=	174.023	-	2132.987	+	0.75 * 9.864	+	0.5 * 0
=	-1,951.6

Meridian Change In Receivables Related Terms

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Meridian (Meridian) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Meridian Corp (NAS:MRBK) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Old Lincoln Highway, Malvern, PA, USA, 19335

Website

https://www.meridianbanker.com

Meridian Corp is a full-service, state-chartered commercial bank providing personal, business lending, and deposit services. It operates in three business segments including Bank, Wealth, and Mortgage. The Bank segment consists of commercial and retail banking. The mortgage division consists of a mortgage consultant's guide. Its mortgage portfolio includes commercial mortgage, home equity, residential mortgage, construction, commercial, industrial, and consumer loans. It generates maximum revenue from the Bank segment.

Executives

Denise Lindsay	director, officer: Exec Vice President and CFO	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Anthony Mark Imbesi	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Christopher J. Annas	director, officer: Chairman & CEO	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Robert M. Casciato	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Robert T. Holland	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Edward J. Hollin	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Christine Marie Helmig	director	575 WELLINGTON SQUARE, UNIT 205, EXTON PA 19341
Collier George C. Iii	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Charles D. Kochka	officer: Chief Lending Officer	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Kenneth H. Slack	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Joseph L. Cafarchio	officer: Chief Credit Officer	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Randall J Mcgarry	officer: Chief Information Officer	4390 DAVISVILLE ROAD, HATBORO PA 19040