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OFG Bancorp (FRA:OFP) Change In Receivables : €-8.2 Mil (TTM As of Jun. 2024)


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What is OFG Bancorp Change In Receivables?

OFG Bancorp's change in receivables for the quarter that ended in Jun. 2024 was €-0.8 Mil. It means OFG Bancorp's Accounts Receivable increased by €0.8 Mil from Mar. 2024 to Jun. 2024 .

OFG Bancorp's change in receivables for the fiscal year that ended in Dec. 2023 was €-5.4 Mil. It means OFG Bancorp's Accounts Receivable increased by €5.4 Mil from Dec. 2022 to Dec. 2023 .

OFG Bancorp's Accounts Receivable for the quarter that ended in Jun. 2024 was €67.8 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. OFG Bancorp's Days Sales Outstanding for the three months ended in Jun. 2024 was 37.03.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. OFG Bancorp's liquidation value for the three months ended in Jun. 2024 was €-6,633.0 Mil.


OFG Bancorp Change In Receivables Historical Data

The historical data trend for OFG Bancorp'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.

* Premium members only.

OFG Bancorp Change In Receivables Chart

OFG Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.99 -28.06 7.68 -5.47 -5.45

OFG Bancorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.97 -1.69 -1.79 -0.79 -

OFG Bancorp 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-8.2 Mil.

* 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.


OFG Bancorp  (FRA:OFP) 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.

OFG Bancorp's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=67.788/167.035*91
=37.03

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

OFG Bancorp's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=2635.327-9319.155+0.75 * 67.788+0.5 * 0
=-6,633.0

* 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.


OFG Bancorp Change In Receivables Related Terms

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OFG Bancorp Business Description

Traded in Other Exchanges
Address
254 Munoz Rivera Avenue, San Juan, PRI, 00918
OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as commercial, consumer, auto, and mortgage lending, checking and savings accounts, financial planning, insurance, financial services, and investment brokerage, and corporate and individual trust and retirement services. It provides services in the region of Puerto Rico.

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