The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Ocwen Financial's Revenue for the
three
months ended in Dec. 2023 was $295 Mil. Ocwen Financial's average Accounts Receivable for the
three
months ended in Dec. 2023 was $152 Mil.
Hence, Ocwen Financial's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.94.
Ocwen Financial Receivables Turnover Historical Data
The historical data trend for Ocwen Financial's Receivables Turnover 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.
Competitive Comparison of Ocwen Financial's Receivables Turnover
For the Mortgage Finance subindustry, Ocwen Financial's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ocwen Financial's Receivables Turnover Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Ocwen Financial's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Ocwen Financial's Receivables Turnover falls into.
Ocwen Financial Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Ocwen Financial's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Ocwen Financial Receivables Turnover Related Terms
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Ocwen Financial (Ocwen Financial) Business Description
Ocwen Financial Corp is a financial service company that services and originates loans. Its business segment includes Servicing and Lending. Servicing segment provides residential and commercial mortgage loan servicing, special servicing and asset management services. Lending segment originates and purchases conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The company generates a majority of its revenue from the Servicing segment. Geographically, it generates a majority of its revenue from the United States.
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