OP Bancorp (OP Bancorp) Accounts Receivable : $8.37 Mil (As of Mar. 2024)

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What is OP Bancorp Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. OP Bancorp's accounts receivables for the quarter that ended in Mar. 2024 was $8.37 Mil.

Accounts receivable can be measured by Days Sales Outstanding. OP Bancorp's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 39.04.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. OP Bancorp's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-113.93.

OP Bancorp Accounts Receivable Historical Data

The historical data trend for OP Bancorp'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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OP Bancorp Accounts Receivable Chart

OP Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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3.17

3.99

4.58

7.18

8.26

OP Bancorp 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															7.30	7.70	8.00	8.26	8.37

OP Bancorp Accounts Receivable Calculation

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

OP Bancorp 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.

OP Bancorp's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.37	/	19.565	*	91
=	39.04

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

OP Bancorp'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)
=	(326.566	+	0.75 * 8.37	+	0.5 * 0	-	2039.795
-	0	-	0)	/	14.9826
=	-113.93

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.

OP Bancorp Accounts Receivable Related Terms

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OP Bancorp (OP Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OP Bancorp (NAS:OPBK) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 Wilshire Boulevard, Suite 500, Los Angeles, CA, USA, 90017

Website

https://www.myopenbank.com

OP Bancorp is engaged in the financial service domain in the United States. It is a holding company of the Open Bank, which is a California state-chartered an FDIC-insured financial institution. The company core activities reflect accepting deposits and making loans and investments. Its deposit products are demand and time deposits, and the primary lending products are commercial business loans which are offered to small and medium-sized businesses.

Executives

Hyung J Kim	director	1000 WILSHIRE BLVD., SUITE 500, LOS ANGELES CA 90017
Sunny Kwon	director	1000 WILSHIRE BLVD., SUITE 500, LOS ANGELES CA 90017
Yong Sin Shin	director	1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Brian Choi	director	1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Ock Hee Kim	director	1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Ryan Shin	officer: Chief SBA Officer	1000 WILSHIRE BLVD., SUITE 500, LOS ANGELES CA 90017
Jae H. Park	officer: Chief Risk Officer	1000 WILSHIRE BLVD., SUITE 500, LOS ANGELES CA 90017
Ki Won Yoon	officer: Chief Lending Officer	1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Kathrine Duncan	officer: Chief Risk Officer	1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Ihnsuk Jimmy Bang	officer: Chief Banking Officer	1000 WILSHIRE BLVD., SUITE 500, LOS ANGELES CA 90017
Ernest Dow	director	1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Christine Yoon Oh	officer: Chief Financial Officer	3731 WILSHIRE BLVD., SUITE 1000, LOS ANGELES CA 90010
Myung Park	director	1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Jason Hwang	director	1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Sang Kyo Oh	officer: CHIEF CREDIT OFFICER	1000 WILSHIRE BOULEVARD, SUITE 500, LOS ANGELES CA 90017