OFS Capital (OFS Capital) Accounts Receivable : $0.00 Mil (As of Dec. 2023)

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What is OFS Capital Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. OFS Capital's accounts receivables for the quarter that ended in Dec. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. OFS Capital's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-19.59.

OFS Capital Accounts Receivable Historical Data

The historical data trend for OFS Capital'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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OFS Capital Accounts Receivable Chart

OFS Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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OFS Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

OFS Capital Accounts Receivable Calculation

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

OFS Capital 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.

OFS Capital'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	/	-2.825	*	91
=

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

OFS Capital'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)
=	(45.349	+	0.75 * 0	+	0.5 * 0	-	307.814
-	0	-	0)	/	13.3981
=	-19.59

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.

OFS Capital Accounts Receivable Related Terms

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OFS Capital (OFS Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » OFS Capital Corp (NAS:OFS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

9UD:Germany

Address

10 South Wacker Drive, Suite 2500, Chicago, IL, USA, 60606

Website

https://www.ofscapital.com

OFS Capital Corp is an externally managed, closed-end, non-diversified management investment company. Its business objective is to generate current income and capital appreciation by investing primarily in middle-market companies in the United States. The company focuses on investments in senior secured loans, including first lien, second lien, and unitranche loans, as well as subordinated loans and, to a lesser extent, warrants, and other equity securities.

Executives

Kyle Spina	officer: Chief Accounting Officer	10 S. WACKER DR, SUITE 2500, CHICAGO IL 60606
Orchard First Source Asset Management Holdings, Llc	10 percent owner	10 SOUTH WACKER, SUITE 2500, CHICAGO IL 60606
Ross Teune	officer: Chief Accounting Officer	150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606
Ashwin Ranganathan	director	4700 WILSHIRE BLVD, LOS ANGELES CA 90010
Orchard Investments, Llc	10 percent owner	4700 WILSHIRE BLVD., LOS ANGELES CA 90010
Romita Shetty	director	70 E 55TH STREET, FLOOR 21, NEW YORK NY 10022
Mukya Porter	officer: Chief Compliance Officer	4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Jeffery S. Owen	officer: Chief Accounting Officer	C/O OFS CAPITAL CORPORATION, 10 S. WACKER DRIVE, SUITE 2500, CHICAGO IL 60606
Richard S Ressler	10 percent owner	C/O J2 GLOBAL COMMUNICATIONS, INC., 6922 HOLLYWOOD BLVD, 5TH FLOOR, LOS ANGELES CA 90028
Jeffrey A Cerny	officer: CFO and Treasurer	10 SOUTH WACKER DRIVE, SUITE 2500, CHICAGO IL 60606
Bilal Rashid	director	10 SOUTH WACKER DRIVE, SUITE 2500, CHICAGO IL 60606
Elaine Healy	director
Oi3 2019 Trust	10 percent owner	4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Oi3, Llc	10 percent owner	4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Eric P. Rubenfeld	officer: Chief Compliance Officer	2850 WEST GOLF ROAD, 5TH FLOOR, ROLLING MEADOWS IL 60008