Ondo InsurTech (LSE:ONDO) Change In Receivables : £-0.51 Mil (TTM As of Sep. 2023)

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What is Ondo InsurTech Change In Receivables?

Ondo InsurTech's change in receivables for the quarter that ended in Sep. 2023 was £-0.51 Mil. It means Ondo InsurTech's Accounts Receivable increased by £0.51 Mil from Aug. 2022 to Sep. 2023 .

Ondo InsurTech's change in receivables for the fiscal year that ended in . 20 was £0.00 Mil. It means Ondo InsurTech's Accounts Receivable stayed the same from . 20 to . 20 .

Ondo InsurTech's Accounts Receivable for the quarter that ended in Sep. 2023 was £0.90 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. Ondo InsurTech's Days Sales Outstanding for the six months ended in Sep. 2023 was 138.18.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ondo InsurTech's liquidation value for the six months ended in Sep. 2023 was £-6.99 Mil.

Ondo InsurTech Change In Receivables Historical Data

The historical data trend for Ondo InsurTech'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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Ondo InsurTech Change In Receivables Chart

Ondo InsurTech Annual Data

Trend

Change In Receivables

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23
Change In Receivables	-0.28	0.19	-0.12	-0.51

Ondo InsurTech 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 semi-annually data reported by the company within the most recent 12 months, which was £-0.51 Mil.

Ondo InsurTech (LSE:ONDO) 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.

Ondo InsurTech's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.898	/	1.186	*	91
=	138.18

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

Ondo InsurTech'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)
=	0.492	-	8.561	+	0.75 * 0.898	+	0.5 * 0.808
=	-6.99

Ondo InsurTech Change In Receivables Related Terms

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Ondo InsurTech (LSE:ONDO) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Change In Receivables

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Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

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