Optima bank (ATH:OPTIMA) Accounts Receivable : €0.0 Mil (As of Jun. 2023)

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What is Optima bank Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Optima bank's accounts receivables for the quarter that ended in Jun. 2023 was €0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Optima bank's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Optima bank's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €-32.21.

Optima bank Accounts Receivable Historical Data

The historical data trend for Optima bank'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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Optima bank Accounts Receivable Chart

Optima bank Annual Data

Trend

Dec20

Dec21

Dec22

Accounts Receivable

Optima bank Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	-	-	-	-	-

Optima bank Accounts Receivable Calculation

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

Optima bank 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.

Optima bank's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	83.543	*	91
=	0.00

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

Optima bank's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(536.803	+	0.75 * 0	+	0.5 * 0	-	2910.726
-	0	-	0.018)	/	73.6941
=	-32.21

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.

Optima bank Accounts Receivable Related Terms

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Optima bank (ATH:OPTIMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Optima bank SA (ATH:OPTIMA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

C59:Germany

Address

32 Aigialeias & Paradissou Street, P.O. 15125, Marousi, GRC, 15125

Website

https://www.optimabank.gr

Optima bank SA is a banking and financial services providing institution which caters to the needs of customers both retail and businesses, products and services. It also provides a wide range of banking and brokerage services as well as investment banking services covering the broadest sectors such as Private Banking or Retail Banking, Corporate Banking, Other Services, Capital Management Services and Business Receivables Agency.

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