The OLB Group (The OLB Group) Accounts Receivable : $0.47 Mil (As of Dec. 2023)

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What is The OLB Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. The OLB Group's accounts receivables for the quarter that ended in Dec. 2023 was $0.47 Mil.

Accounts receivable can be measured by Days Sales Outstanding. The OLB Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 7.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The OLB Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.44.

The OLB Group Accounts Receivable Historical Data

The historical data trend for The OLB Group'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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The OLB Group Accounts Receivable Chart

The OLB Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.48

0.36

0.67

1.08

0.47

The OLB Group 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															1.08	1.62	1.88	2.31	0.47

The OLB Group Accounts Receivable Calculation

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

The OLB Group 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.

The OLB Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.467	/	5.911	*	91
=	7.21

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

The OLB Group'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)
=	(0.453	+	0.75 * 0.467	+	0.5 * 0	-	7.384
-	0	-	0.119)	/	15.2179
=	-0.44

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.

The OLB Group Accounts Receivable Related Terms

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The OLB Group (The OLB Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » The OLB Group Inc (NAS:OLB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1120 Avenue of the Americas, 4th Floor, New York, NY, USA, 10036

Website

https://www.olb.com

The OLB Group Inc is a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise. It is a payment facilitator and e-commerce service provider that delivers cloud-based merchant services for Web-based and brick-and-mortar organizations by providing an end-to-end digital commerce solution includes site design, hosting, transaction processing and payment gateway, order fulfillment, customer service, marketing, and sales reporting. The company generates maximum revenue from Fintech services segment.

Executives

Patrick G Smith	officer: Vice President	200 PARK AVENUE, SUITE 1700, NEW YORK NY 10166
Ronny Yakov	director, 10 percent owner, officer: see remarks	1120 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John E Herzog	10 percent owner	C/O HERZOG & CO., INC., 824 HARBOR ROAD, SOUTHPORT CT 06890
Ehud Ernst	director	8 RAZIEL STREET, TEL AVIV L3 00000
Alina Dulimof	director	200 PARK AVENUE, SUITE 1700, NEW YORK NY 10166
Amir Sternhell	director	SERTAINTY CORPORATION, 1420 DONALDSON PIKE A-20, NASHVILLE TN 37217
George Katsiaunis	director	96 WOODLAND PARK DRIVE, TENAFLY NJ 07670
Rachel Boulds Cpa, Pllc	officer: Chief Financial Officer	6371 S. GLENOAKS STREET, MURRAY UT 84107