Openlane (Openlane) Change In Receivables : $-66 Mil (TTM As of Dec. 2023)

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What is Openlane Change In Receivables?

Openlane's change in receivables for the quarter that ended in Dec. 2023 was $28 Mil. It means Openlane's Accounts Receivable declined by $28 Mil from Sep. 2023 to Dec. 2023 .

Openlane's change in receivables for the fiscal year that ended in Dec. 2023 was $-66 Mil. It means Openlane's Accounts Receivable increased by $66 Mil from Dec. 2022 to Dec. 2023 .

Openlane's Accounts Receivable for the quarter that ended in Dec. 2023 was $292 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. Openlane's Days Sales Outstanding for the three months ended in Dec. 2023 was 68.05.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Openlane's liquidation value for the three months ended in Dec. 2023 was $-3,087 Mil.

Openlane Change In Receivables Historical Data

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

Openlane Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-3.00

42.60

-81.00

107.70

-66.00

Openlane Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															131.80	-96.40	20.20	-17.80	28.00

Openlane 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-66 Mil.

Openlane (NYSE:KAR) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	291.8	/	391.3	*	91
=	68.05

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

Openlane's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	93.5	-	3399.3	+	0.75 * 291.8	+	0.5 * 0
=	-3,087

Openlane Change In Receivables Related Terms

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Openlane (Openlane) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Openlane Inc (NYSE:KAR) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

11299 N. Illinois Street, Carmel, IN, USA, 46032

Website

https://corporate.openlane.com

Openlane Inc offers a digital marketplace for used vehicles. The services comprise financing, repossessions, repairs, transportation, warranty, and inventory services. It operates used-vehicle auctions and offers complete online services for all parties involved. The company has two operating segments which include Marketplace and Finance, of which it generates the majority of the revenue from the Marketplace segment.

Executives

Brad S. Lakhia	officer: EVP & CFO	19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
Michael T. Kestner	director	13085 HAMILTON CROSSING BLVD., CARMEL IN 46032
J Mark Howell	director	C/O ANGIE'S LIST, INC., 1030 EAST WASHINGTON STREET, INDIANAPOLIS IN 46202
James P Hallett	officer: CEO
Kelly Peter	officer: Pres. & CEO, OPENLANE	C/O KAR AUCTION SERVICES, INC., 11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Srisu Subrahmanyam	officer: Pres KAR Svcs Group, EVP Ops	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
James P Coyle	officer: EVP, Chief Digital Officer	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Justin T. Davis	officer: President of BacklotCars	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Scott A Anderson	officer: Chief Accounting Officer	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Mary Ellen Smith	director	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Ignition Acquisition Holdings Gp Llc	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10022
Ignition Acquisition Holdings Lp	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10017
Ignition Gp Llc	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10022
Ignition Parent Lp	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10022
Roy Mackenzie	director	601 LEXINGTON AVENUE, 53RD FLOOR, NEW YORK NY 10022