OFG Bancorp (OFG Bancorp) Change In Receivables : $-5.94 Mil (TTM As of Dec. 2023)

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What is OFG Bancorp Change In Receivables?

OFG Bancorp's change in receivables for the quarter that ended in Dec. 2023 was $-1.84 Mil. It means OFG Bancorp's Accounts Receivable increased by $1.84 Mil from Sep. 2023 to Dec. 2023 .

OFG Bancorp's change in receivables for the fiscal year that ended in Dec. 2023 was $-5.94 Mil. It means OFG Bancorp's Accounts Receivable increased by $5.94 Mil from Dec. 2022 to Dec. 2023 .

OFG Bancorp's Accounts Receivable for the quarter that ended in Dec. 2023 was $119.26 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. OFG Bancorp's Days Sales Outstanding for the three months ended in Dec. 2023 was 63.92.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. OFG Bancorp's liquidation value for the three months ended in Dec. 2023 was $-7,214.09 Mil.

OFG Bancorp Change In Receivables Historical Data

The historical data trend for OFG Bancorp'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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OFG Bancorp Change In Receivables Chart

OFG Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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9.99

-34.14

8.68

-5.79

-5.94

OFG Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															0.85	-0.71	-4.24	-1.84	-

OFG Bancorp 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 $-5.94 Mil.

OFG Bancorp (NYSE:OFGpB.PFD) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	119.259	/	170.248	*	91
=	63.92

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

OFG Bancorp'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)
=	2847.437	-	10150.973	+	0.75 * 119.259	+	0.5 * 0
=	-7,214.09

OFG Bancorp Change In Receivables Related Terms

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OFG Bancorp (OFG Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OFG Bancorp (NYSE:OFGpB.PFD) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

OFG:USA OFP:Germany

Address

254 Munoz Rivera Avenue, San Juan, PRI, 00918

Website

https://www.ofgbancorp.com

OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as commercial, consumer, auto, and mortgage lending, checking and savings accounts, financial planning, insurance, financial services, and investment brokerage, and corporate and individual trust and retirement services. It provides services in the region of Puerto Rico.