OneConnect Financial Technology Co (OneConnect Financial Technology Co) Accounts Receivable : $124.9 Mil (As of Mar. 2024)

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What is OneConnect Financial Technology Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. OneConnect Financial Technology Co's accounts receivables for the quarter that ended in Mar. 2024 was $124.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. OneConnect Financial Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 113.48.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. OneConnect Financial Technology Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-9.66.

OneConnect Financial Technology Co Accounts Receivable Historical Data

The historical data trend for OneConnect Financial Technology Co'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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OneConnect Financial Technology Co Accounts Receivable Chart

OneConnect Financial Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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101.25

128.25

139.92

134.97

99.53

OneConnect Financial Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															173.68	166.26	159.10	99.53	124.90

OneConnect Financial Technology Co Accounts Receivable Calculation

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

OneConnect Financial Technology Co 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.

OneConnect Financial Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	124.903	/	100.433	*	91
=	113.48

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

OneConnect Financial Technology Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(261.234	+	0.75 * 124.903	+	0.5 * 0	-	735.156
-	0	-	-3.563)	/	38.9994
=	-9.66

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.

OneConnect Financial Technology Co Accounts Receivable Related Terms

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OneConnect Financial Technology Co (OneConnect Financial Technology Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » OneConnect Financial Technology Co Ltd (NYSE:OCFT) » Definitions » Accounts Receivable

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06638:Hong Kong

Address

No.1 Tairan 7th Road, 10-14th Floor, Block A, Platinum Towers, Futian District, Shenzhen, CHN

Website

https://www.ocft.com

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.