Olympia Financial Group (TSX:OLY) Change In Receivables : C$-14.77 Mil (TTM As of Sep. 2023)

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What is Olympia Financial Group Change In Receivables?

Olympia Financial Group's change in receivables for the quarter that ended in Sep. 2023 was C$-5.54 Mil. It means Olympia Financial Group's Accounts Receivable increased by C$5.54 Mil from Jun. 2023 to Sep. 2023 .

Olympia Financial Group's change in receivables for the fiscal year that ended in Dec. 2022 was C$-8.89 Mil. It means Olympia Financial Group's Accounts Receivable increased by C$8.89 Mil from Dec. 2021 to Dec. 2022 .

Olympia Financial Group's Accounts Receivable for the quarter that ended in Sep. 2023 was C$1.87 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. Olympia Financial Group's Days Sales Outstanding for the three months ended in Sep. 2023 was 6.75.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Olympia Financial Group's liquidation value for the three months ended in Sep. 2023 was C$-4.86 Mil.

Olympia Financial Group Change In Receivables Historical Data

The historical data trend for Olympia Financial Group'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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Olympia Financial Group Change In Receivables Chart

Olympia Financial Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-1.05

-0.73

2.39

1.93

-8.89

Olympia Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-1.91	-2.22	-7.38	0.37	-5.54

Olympia Financial Group 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-14.77 Mil.

Olympia Financial Group (TSX:OLY) 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.

Olympia Financial Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.869	/	25.258	*	91
=	6.75

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

Olympia Financial Group's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	12.188	-	18.449	+	0.75 * 1.869	+	0.5 * 0
=	-4.86

Olympia Financial Group Change In Receivables Related Terms

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Olympia Financial Group (TSX:OLY) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Olympia Financial Group Inc (TSX:OLY) » Definitions » Change In Receivables

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Address

4000, 520 - 3rd Avenue SW, Calgary, AB, CAN, T2P 0R3

Website

https://www.olympiafinancial.com

Olympia Financial Group Inc is engaged in providing financial services. The company's operating segments are Private Health Services Plan division which markets, sells and administers health and dental benefits to business owners; Investment Account Services division specializes in registered account administration; The Currency and Global Payments division provides corporations and private clients a personalized service for buying and selling foreign currencies; The Exempt Edge division is focused on Onboarding fees; The Corporate and Shareholder Services division, which acts as a cost centre and the Corporate Division.

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