Ocwen Financial (FRA:OW0A) Receivables Turnover : 1.76 (As of Mar. 2024)

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What is Ocwen Financial 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. Ocwen Financial's Revenue for the three months ended in Mar. 2024 was €236 Mil. Ocwen Financial's average Accounts Receivable for the three months ended in Mar. 2024 was €135 Mil. Hence, Ocwen Financial's Receivables Turnover for the three months ended in Mar. 2024 was 1.76.

Ocwen Financial Receivables Turnover Historical Data

The historical data trend for Ocwen Financial'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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Ocwen Financial Receivables Turnover Chart

Ocwen Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.72

4.86

6.83

6.08

6.88

Ocwen Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.49	1.57	1.70	1.92	1.76

Competitive Comparison of Ocwen Financial's Receivables Turnover

For the Mortgage Finance subindustry, Ocwen Financial'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.

Ocwen Financial's Receivables Turnover Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Ocwen Financial's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ocwen Financial's Receivables Turnover falls into.

Ocwen Financial Receivables Turnover Calculation

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

Ocwen Financial's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1049.598	/ (	(168.126	+	136.816)	/	2 )
=	1049.598	/	152.471
=	6.88

Ocwen Financial's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	236.072	/ (	(136.816	+	132.204)	/	2 )
=	236.072	/	134.51
=	1.76

Ocwen Financial (FRA:OW0A) 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.

Ocwen Financial Receivables Turnover Related Terms

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Ocwen Financial (FRA:OW0A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ocwen Financial Corp (FRA:OW0A) » Definitions » Receivables Turnover

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OCN:USA

Address

1661 Worthington Road, Suite 100, West Palm Beach, FL, USA, 33409

Website

https://www.ocwen.com

Ocwen Financial Corp is a financial service company that services and originates loans. Its business segment includes Servicing and Lending. Servicing segment provides residential and commercial mortgage loan servicing, special servicing and asset management services. Lending segment originates and purchases conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The company generates a majority of its revenue from the Servicing segment. Geographically, it generates a majority of its revenue from the United States.

Ocwen Financial (FRA:OW0A) Headlines

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