Orchid Island Capital (Orchid Island Capital) Change In Receivables

: $-3.43 Mil (TTM As of Dec. 2023)

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Orchid Island Capital's change in receivables for the quarter that ended in Dec. 2023 was $2.37 Mil. It means Orchid Island Capital's Accounts Receivable declined by $2.37 Mil from Sep. 2023 to Dec. 2023 .

Orchid Island Capital's change in receivables for the fiscal year that ended in Dec. 2023 was $-3.43 Mil. It means Orchid Island Capital's Accounts Receivable increased by $3.43 Mil from Dec. 2022 to Dec. 2023 .

Orchid Island Capital's Accounts Receivable for the quarter that ended in Dec. 2023 was $14.95 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. Orchid Island Capital's Days Sales Outstanding for the three months ended in Dec. 2023 was 43.74.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Orchid Island Capital's liquidation value for the three months ended in Dec. 2023 was $-3,542.76 Mil.

Orchid Island Capital Change In Receivables Historical Data

The historical data trend for Orchid Island Capital'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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Orchid Island Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

0.84

2.68

-9.14

7.34

-3.43

Orchid Island Capital 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																-0.99	-1.60	-2.15	-2.05	2.37

Orchid Island Capital 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 $-3.43 Mil.

Orchid Island Capital (NYSE:ORC) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	14.951	/	31.191	*	91
=	43.74

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

Orchid Island Capital'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)
=	241.033	-	3795.002	+	0.75 * 14.951	+	0.5 * 0
=	-3,542.76

Orchid Island Capital Change In Receivables Related Terms

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Orchid Island Capital (Orchid Island Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Orchid Island Capital Inc (NYSE:ORC) » Definitions » Change In Receivables

Comparable Companies

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Traded in Other Exchanges

45U0:Germany

Address

3305 Flamingo Drive, Vero Beach, FL, USA, 32963

Website

https://www.orchidislandcapital.com

Orchid Island Capital Inc invests in residential mortgage-backed securities (RMBS) across the United States. The principal and interest payments of its RMBS are guaranteed by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or the Government National Mortgage Association, and are backed by single-family residential mortgage loans. The company's investment portfolio is divided into two categories namely traditional pass-through Agency RMBS; and structured Agency RMBS, such as collateralized mortgage obligations, interest-only securities, inverse interest-only securities, and principal-only securities, among other types of structured Agency RMBS.

Executives

Haas G Hunter Iv	director, officer: CFO, CIO and Secretary	C/O BIMINI CAPITAL MANAGEMENT, INC., 3305 FLAMINGO DRIVE, VERO BEACH FL 32963
Robert E Cauley	director, officer: President, CEO	C/O BIMINI MORTGAGE MANAGEMENT, INC., 3305 FLAMINGO DRIVE, SUITE 100, VERO BEACH FL 32963
Bitting W Coleman	director	6330 NORTHWOOD AVENUE, ST. LOUIS MO 63105
Paula Morabito	director	3305 FLAMINGO DRIVE, VERO BEACH FL 32963
Ava L Parker	director	1469 HARRINGTON PARK DRIVE, JACKSONVILLE FL 32225
John Van Heuvelen	director	363 HIGH STREET, DENVER CO 80218
Frank P Filipps	director	1601 MARKET ST, PHILADELPHIA PA 19103
Bimini Capital Management, Inc.	10 percent owner	3305 FLAMINGO DRIVE, VERO BEACH FL 32963