Optiva (TSX:OPT) Accounts Receivable : C$8.60 Mil (As of Dec. 2023)

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What is Optiva Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Optiva's accounts receivables for the quarter that ended in Dec. 2023 was C$8.60 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Optiva's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 48.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Optiva's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-21.52.

Optiva Accounts Receivable Historical Data

The historical data trend for Optiva'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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Optiva Accounts Receivable Chart

Optiva Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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17.07

6.08

5.34

6.36

8.60

Optiva Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															6.36	8.36	7.79	6.30	8.60

Optiva Accounts Receivable Calculation

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

Optiva 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.602	/	16.154	*	91
=	48.59

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

Optiva'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)
=	(26.352	+	0.75 * 8.602	+	0.5 * 0	-	165.824
-	0	-	0)	/	6.181
=	-21.52

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.

Optiva Accounts Receivable Related Terms

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Optiva (TSX:OPT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Optiva Inc (TSX:OPT) » Definitions » Accounts Receivable

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RKNEF:USA

Address

2233 Argentia Road, Suite 302, East Tower, Mississauga, ON, CAN, L5N 2X7

Website

https://www.optiva.com

Optiva Inc is engaged in offering next-generation software solutions to help the telco industry and customers leverage today's digital technologies. The company's portfolio of products enables real-time billing, charging, policy management and user experience that are critical to customers' growth and performance. When deployed in the cloud, Optiva solutions deliver the most impact for the best value. The company's vision, market knowledge, analytical insights and Customer Success Program ensure customers are equipped to achieve their strategic business goals today and into the future.