Omega Flex (Omega Flex) Change In Receivables : $3.5 Mil (TTM As of Mar. 2024)

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What is Omega Flex Change In Receivables?

Omega Flex's change in receivables for the quarter that ended in Mar. 2024 was $1.4 Mil. It means Omega Flex's Accounts Receivable declined by $1.4 Mil from Dec. 2023 to Mar. 2024 .

Omega Flex's change in receivables for the fiscal year that ended in Dec. 2023 was $2.2 Mil. It means Omega Flex's Accounts Receivable declined by $2.2 Mil from Dec. 2022 to Dec. 2023 .

Omega Flex's Accounts Receivable for the quarter that ended in Mar. 2024 was $14.3 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. Omega Flex's Days Sales Outstanding for the three months ended in Mar. 2024 was 51.64.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Omega Flex's liquidation value for the three months ended in Mar. 2024 was $44.3 Mil.

Omega Flex Change In Receivables Historical Data

The historical data trend for Omega Flex'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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Omega Flex Change In Receivables Chart

Omega Flex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1.28

-2.68

-0.94

3.40

2.18

Omega Flex Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															0.10	3.48	-2.00	0.60	1.38

Omega Flex 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.5 Mil.

Omega Flex (NAS:OFLX) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	14.271	/	25.216	*	91
=	51.64

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

Omega Flex's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	45.268	-	19.505	+	0.75 * 14.271	+	0.5 * 15.582
=	44.3

Omega Flex Change In Receivables Related Terms

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Omega Flex (Omega Flex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Omega Flex Inc (NAS:OFLX) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

451 Creamery Way, Exton, PA, USA, 19341-2509

Website

https://www.omegaflexcorp.com

Omega Flex Inc is a manufacturer of flexible metal hoses. It operates in the segment of manufacture and sale of flexible metal hose and accessories which are used for gas piping within residential and commercial buildings. Omega sells its products under the TracPipe, CounterStrike, DoubleTrac, AutoFlare, DEF-Trac, SolarTrac, and AutoSnap brands. It serves various markets which include construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. Geographically Omega Flex, Inc operates in the United States.

Executives

Susan B. Asch	officer: General Counsel & Secretary	451 CREAMERY WAY, EXTON PA 19341
Matthew Francis Unger	officer: Vice President - CFO	C/O OMEGA FLEX, INC., 451 CREAMERY WAY, EXTON PA 19341
Dean W. Rivest	officer: President	451 CREAMERY WAY, EXTON PA 19341
Edwin B. Moran	officer: Executive Vice President	451 CREAMERY WAY, EXTON PA 19341
Timothy P. Scanlan	officer: Secretary	213 COURT STREET, MIDDLETOWN CT 06457
Mark F Albino	director, officer: COO & Exec VP	451 CREAMERY WAY, EXTON PA 19341
Stewart B Reed	director	260 NORTH ELM STREET, WESTFIELD MA 01085
Kevin R Hoben	director, 10 percent owner, officer: President	451 CREAMERY WAY, EXTON PA 19341
Derek Glanvill	director	10088 CARTERS MANOR DRIVE, LADUE MO 63124
Omega Flex, Inc.	officer: Sr. Vice President	451 CREAMERY WAY, EXTON PA 19341
James M Dubin	director	ONE MADISON PLACE, HARRISON NY 10528
Paul James Kane	officer: VP - Finance	1085 NICOLE DRIVE, NEWTOWN SQUARE PA 19073
Steven A Treichel	director	451 CREAMERY WAY, EXTON PA 19341
Reed Estate Of John E	10 percent owner	260 NORTH ELM STREET, WESTFIELD MA 01085
David K Evans	director	517 PYLON DRIVE, RALEIGH NC 27606