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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ormat Technologies's accounts receivables for the quarter that ended in Dec. 2023 was $208.7 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Ormat Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 78.91.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ormat Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-41.72.
The historical data trend for Ormat Technologies'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.
Ormat Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 154.53 | 149.17 | 122.94 | 128.82 | 208.70 |
Ormat Technologies 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 | 128.82 | 144.20 | 148.06 | 164.75 | 208.70 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Ormat Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 208.704 | / | 241.34 | * | 91 |
= | 78.91 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Ormat Technologies's accounts receivable are only considered to be worth 75% of book value:
Ormat Technologies'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) | ||
= | (195.808 | + | 0.75 * 208.704 | + | 0.5 * 45.037 | - | 2756.693 |
- | 0 | - | 136.159) | / | 60.3589 | ||
= | -41.72 |
* 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.
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.
Thank you for viewing the detailed overview of Ormat Technologies's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Dafna Sharir | director | C/O AMPAL AMERICAN ISRAEL CORP, 111 ARLOZOROV STREET, TEL AVIV ISREL L3 00000 |
Isaac Angel | officer: CEO Appointee | 2099 GATEWAY PLACE, SUITE 600 CA 95110 |
Doron Blachar | officer: CFO | 6225 NEIL ROAD, RENO NV 89511 |
Stanley Stern | director | C/O THCG, INC, 650 MADISON AVENUE, 21ST FL, NEW YORK NY 10022 |
Orix Corp | 10 percent owner | WORLD TRADE CENTER BLDG., SOUTH TOWER, 2-4-1 HAMAMATSU-CHO, MINATO-KU, TOKYO M0 105 5135 |
Byron G. Wong | director | 2 TRAILS END, WESTPORT CT 06880 |
David Granot | director | 6225 NEIL ROAD, RENO NV 89511 |
Shimon Hatzir | officer: VP, Elect. & Conceptual Engin. | 6225 NEIL ROAD, SUITE 300, C/O ORMAT TECHNOLOGIES, INC., RENO NV 89511 |
Shlomi Argas | officer: V.P., Projects | 6225 NEIL ROAD, RENO NV 89511 |
Karin Corfee | director | 6140 PLUMAS STREET, RENO NV 89519 |
Michal Marom | director | 6140 PLUMAS STREET, RENO NV 89519 |
Dan Falk | director | 6225 NEIL ROAD, SUITE 300, C/O ORMAT TECHNOLOGIES, INC., RENO NV 89511 |
Jessica Woelfel | officer: General Counsel and CCO | 6140 PLUMAS STREET, RENO NV 89519 |
Mike Nikkel | director | 6140 PLUMAS STREET, RENO NV 89519 |
Zvi Krieger | officer: VP, Geothermal Enginerring | 6225 NEIL ROAD, SUITE 300, C/O ORMAT TECHNOLOGIES, INC., RENO NV 89511 |
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