OptimumBank Holdings (OptimumBank Holdings) Change In Receivables : $-1.03 Mil (TTM As of Dec. 2023)

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What is OptimumBank Holdings Change In Receivables?

OptimumBank Holdings's change in receivables for the quarter that ended in Dec. 2023 was $-0.69 Mil. It means OptimumBank Holdings's Accounts Receivable increased by $0.69 Mil from Sep. 2023 to Dec. 2023 .

OptimumBank Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $-1.03 Mil. It means OptimumBank Holdings's Accounts Receivable increased by $1.03 Mil from Dec. 2022 to Dec. 2023 .

OptimumBank Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was $2.47 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. OptimumBank Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 27.57.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. OptimumBank Holdings's liquidation value for the three months ended in Dec. 2023 was $-618.37 Mil.

OptimumBank Holdings Change In Receivables Historical Data

The historical data trend for OptimumBank Holdings'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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OptimumBank Holdings Change In Receivables Chart

OptimumBank Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.12

-0.90

0.37

-0.47

-1.03

OptimumBank Holdings 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															-0.24	0.02	-0.13	-0.22	-0.69

OptimumBank Holdings 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 $-1.03 Mil.

OptimumBank Holdings (NAS:OPHC) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.474	/	8.188	*	91
=	27.57

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

OptimumBank Holdings'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)
=	101.018	-	721.247	+	0.75 * 2.474	+	0.5 * 0
=	-618.37

OptimumBank Holdings Change In Receivables Related Terms

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OptimumBank Holdings (OptimumBank Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OptimumBank Holdings Inc (NAS:OPHC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

2929 East Commercial Boulevard, Suite 303, Fort Lauderdale, FL, USA, 33308

Website

https://www.optimumbank.com

OptimumBank Holdings Inc serves as a bank holding company for OptimumBank. The Bank provides a range of community banking services to individuals and corporate customers. Its services include demand interest-bearing and non-interest-bearing accounts, negotiable order of withdrawal account, money market deposit accounts, debit cards, and automated teller machines.

Executives

Moishe Gubin	director	2929 E. COMMERCIAL BLVD, FORT LAUDERDALE FL 33308
Chan Heng Fai Ambrose	director	2601 INSLAND PLACE TOWER, 510 KINGS RD N POINT, HONG KONG K3 999999999
Jeffry T Wagner	director	7667 N. WICKHAM RD, SUITE 516, MELBOURNE FL 32940
Norman Joseph Ginsparg	director	3800 N 39 AVE, HOLLYWOOD FL 33021
Joel J. Klein	director	2477 E. COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33308
Seth Gillman	director	2477 E. COMMERCIAL BLVD, FORT LAUDERDALE FL 33308
Sam Borek	director	OPTIMUMBANK, 10197 CLEARY BOULEVARD, PLANTATION FL 33324
Thomas A Procelli	officer: EXECUTIVE VICE PRESIDENT	OPTIMUMBANK, 10197 CLEARY BOULEVARD, PLANTATION FL 33324
Wendy Mitchler	director	OPTIMUMBANK, 2477 EAST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33308
Howard Zusman	officer: Sr. VP-CLO, OptimumBank	2477 EAST COMMERCIAL BLVD, FORT LAUDERDALE FL 33308
Robert Acri	director	2477 E. COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33308
David Krinsky	director	OPTIMUMBANK, 10197 CLEARY BOULEVARD, PLANTATION FL 33324
Albert J Finch	director, officer: Chairman of the Board, CEO	OPTIMUMBANK, 10197 CLEARY BOULEVARD, PLANTATION FL 33324
Richard L Browdy	director, officer: President, CFO	OPTIMUMBANK, 10197 CLEARY BOULEVARD, PLANTATION FL 33324
Irving P Cohen	director	OPTIMUMBANK, 10197 CLEARY BOULEVARD, PLANTATION FL 33324