Openn Negotiation (ASX:OPN) Receivables Turnover : 2.96 (As of Dec. 2023)

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What is Openn Negotiation Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Openn Negotiation's Revenue for the six months ended in Dec. 2023 was A$0.30 Mil. Openn Negotiation's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.10 Mil. Hence, Openn Negotiation's Receivables Turnover for the six months ended in Dec. 2023 was 2.96.

Openn Negotiation Receivables Turnover Historical Data

The historical data trend for Openn Negotiation's Receivables Turnover 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 Receivables Turnover Chart

Openn Negotiation Annual Data

Trend

Jun22

Receivables Turnover

Openn Negotiation Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			4.02	3.21	1.06	1.76	2.96

Competitive Comparison of Openn Negotiation's Receivables Turnover

For the Real Estate Services subindustry, Openn Negotiation's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Openn Negotiation's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Openn Negotiation's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Openn Negotiation's Receivables Turnover falls into.

Openn Negotiation Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Openn Negotiation's Receivables Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Receivables Turnover (A: Jun. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2022 )	/ (	(Accounts Receivable (A: . 20 )	+	Accounts Receivable (A: Jun. 2022 ))	/	count )
=	1.178	/ (	(	+	0)	/	1 )
=	1.178	/	0
=	N/A

Openn Negotiation's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0.303	/ (	(0.006	+	0.199)	/	2 )
=	0.303	/	0.1025
=	2.96

Openn Negotiation (ASX:OPN) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Openn Negotiation Receivables Turnover Related Terms

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Openn Negotiation Business Description

Industry

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

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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