Orchid Island Capital (Orchid Island Capital) Accounts Receivable : $15.61 Mil (As of Mar. 2024)

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What is Orchid Island Capital Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Orchid Island Capital's accounts receivables for the quarter that ended in Mar. 2024 was $15.61 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Orchid Island Capital's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 60.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Orchid Island Capital's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-68.04.

Orchid Island Capital Accounts Receivable Historical Data

The historical data trend for Orchid Island Capital's Accounts Receivable 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 Accounts Receivable Chart

Orchid Island Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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12.40

9.72

18.86

11.52

14.95

Orchid Island Capital Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															13.12	15.27	17.32	14.95	15.61

Orchid Island Capital Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Orchid Island Capital Accounts Receivable 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 receivables are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	15.614	/	23.514	*	91
=	60.59

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Orchid Island Capital's accounts receivable are only considered to be worth 75% of book value:

Orchid Island Capital's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(210.279	+	0.75 * 15.614	+	0.5 * 0	-	3733.031
-	0	-	0)	/	51.604
=	-68.04

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Orchid Island Capital Accounts Receivable 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 » Accounts Receivable

Comparable Companies

IVR REFI NREF GPMT AOMR TRTX SEVN SACH ACRE AAIC NLY STWD AGNC RITM BXMT ABR RC CMTG ARI LADR

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