Ocwen Financial (Ocwen Financial) Change In Receivables

: $48 Mil (TTM As of Dec. 2023)

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Ocwen Financial's change in receivables for the quarter that ended in Dec. 2023 was $15 Mil. It means Ocwen Financial's Accounts Receivable declined by $15 Mil from Sep. 2023 to Dec. 2023 .

Ocwen Financial's change in receivables for the fiscal year that ended in Dec. 2023 was $48 Mil. It means Ocwen Financial's Accounts Receivable declined by $48 Mil from Dec. 2022 to Dec. 2023 .

Ocwen Financial's Accounts Receivable for the quarter that ended in Dec. 2023 was $149 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. Ocwen Financial's Days Sales Outstanding for the three months ended in Dec. 2023 was 46.14.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ocwen Financial's liquidation value for the three months ended in Dec. 2023 was $-11,798 Mil.

Ocwen Financial Change In Receivables Historical Data

The historical data trend for Ocwen Financial'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.

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Ocwen Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

126.88

86.30

33.60

4.20

47.80

Ocwen Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables																-14.80	-28.30	40.80	20.40	14.90

Ocwen Financial 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $48 Mil.

Ocwen Financial (NYSE:OCN) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	149.2	/	295.1	*	91
=	46.14

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

Ocwen Financial's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	201.6	-	12111.9	+	0.75 * 149.2	+	0.5 * 0
=	-11,798

Ocwen Financial Change In Receivables Related Terms

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Ocwen Financial (Ocwen Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ocwen Financial Corp (NYSE:OCN) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

1661 Worthington Road, Suite 100, West Palm Beach, FL, USA, 33409

Website

https://www.ocwen.com

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.

Executives

Jenna D. Evans	officer: Chief Risk & Compliance	1661 WORTHINGTON RD, SUITE 100, WEST PALM BEACH FL 33409
Sean Bradley O'neil	officer: EVP & Chief Financial Officer	1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
Jacques J Busquet	director	C/O OCWEN FINANCIAL CORPORATION, 1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
Jenne K Britell	director	100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Phyllis R Caldwell	director	AMERICAN CAPITAL, LTD., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Glen A. Messina	director, officer: President and CEO	3000 LEADENHALL ROAD, MOUNT LAUREL NJ 08054
Dennis Zeleny	officer: Chief Administrative Officer	1818 MARKET STREET, SUITE 1500, PHILADELPHIA PA 19103-7583
Aaron D Wade	officer: EVP, Capital Markets	1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
George T. Henley	officer: EVP & Chief Growth Officer	C/O OCWEN FINANCIAL CORPORATION, 1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
Soaries Deforest B. Jr.	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Joseph B Long	officer: EVP, Capital Markets	C/O EVERBANK FINANCIAL CORP, 501 RIVERSIDE AVENUE, JACKSONVILLE FL 32202
Kevin Stein	director	3000 LEADENHALL RD., MAILSTOP PCLG, MOUNT LAUREL NJ 08054
Deer Park Road Management Company, Lp	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Scott Edward Burg	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Agatecreek Llc	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487