Openn Negotiation (ASX:OPN) Accounts Receivable : A$0.20 Mil (As of Dec. 2023)

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What is Openn Negotiation Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Openn Negotiation's accounts receivables for the quarter that ended in Dec. 2023 was A$0.20 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Openn Negotiation's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 119.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Openn Negotiation's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.00.

Openn Negotiation Accounts Receivable Historical Data

The historical data trend for Openn Negotiation'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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Openn Negotiation Accounts Receivable Chart

Openn Negotiation Annual Data

Trend

Jun22

Accounts Receivable

Openn Negotiation Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			0.16	-	0.32	0.01	0.20

Openn Negotiation Accounts Receivable Calculation

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

Openn Negotiation 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.199	/	0.303	*	91
=	119.86

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

Openn Negotiation'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)
=	(0.876	+	0.75 * 0.199	+	0.5 * 0	-	0.49
-	0	-	0)	/	1129.18
=	0.00

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.

Openn Negotiation Accounts Receivable Related Terms

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Openn Negotiation (ASX:OPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Openn Negotiation Ltd (ASX:OPN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Stirling Road, Level 1, PO Box 896, Claremont, WA, AUS, 6910

Website

https://www.openn.com.au

Openn Negotiation Ltd operates a property technology business providing a proprietary cloud-based software platform to support real estate agents in selling property online with greater transparency. Its revenues are majorly driven by the number of agents certified to use the Openn platform and the number of properties uploaded for sale through the Openn platform each month. Geographically company derives key revenue from Australia and includes The USA.

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