Openlane (Openlane) Accounts Receivable : $292 Mil (As of Dec. 2023)

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What is Openlane Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Openlane's accounts receivables for the quarter that ended in Dec. 2023 was $292 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Openlane's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 68.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Openlane's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-28.57.

Openlane Accounts Receivable Historical Data

The historical data trend for Openlane'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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Openlane Accounts Receivable Chart

Openlane Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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457.50

367.20

381.30

270.70

291.80

Openlane Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															270.70	340.30	314.70	340.00	291.80

Openlane Accounts Receivable Calculation

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

Openlane 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	291.8	/	391.3	*	91
=	68.05

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

Openlane's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(93.5	+	0.75 * 291.8	+	0.5 * 0	-	3399.3
-	0	-	0)	/	108.041
=	-28.57

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.

Openlane Accounts Receivable Related Terms

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Openlane (Openlane) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Openlane Inc (NYSE:KAR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11299 N. Illinois Street, Carmel, IN, USA, 46032

Website

https://corporate.openlane.com

Openlane Inc offers a digital marketplace for used vehicles. The services comprise financing, repossessions, repairs, transportation, warranty, and inventory services. It operates used-vehicle auctions and offers complete online services for all parties involved. The company has two operating segments which include Marketplace and Finance, of which it generates the majority of the revenue from the Marketplace segment.

Executives

Brad S. Lakhia	officer: EVP & CFO	19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
Michael T. Kestner	director	13085 HAMILTON CROSSING BLVD., CARMEL IN 46032
J Mark Howell	director	C/O ANGIE'S LIST, INC., 1030 EAST WASHINGTON STREET, INDIANAPOLIS IN 46202
James P Hallett	officer: CEO
Kelly Peter	officer: Pres. & CEO, OPENLANE	C/O KAR AUCTION SERVICES, INC., 11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Srisu Subrahmanyam	officer: Pres KAR Svcs Group, EVP Ops	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
James P Coyle	officer: EVP, Chief Digital Officer	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Justin T. Davis	officer: President of BacklotCars	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Scott A Anderson	officer: Chief Accounting Officer	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Mary Ellen Smith	director	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Ignition Acquisition Holdings Gp Llc	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10022
Ignition Acquisition Holdings Lp	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10017
Ignition Gp Llc	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10022
Ignition Parent Lp	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10022
Roy Mackenzie	director	601 LEXINGTON AVENUE, 53RD FLOOR, NEW YORK NY 10022