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OPENLANE OPLN Allowance for Credit Losses - Receivable (Current)

Discontinued — last reported Q3 '22

Allowance for Credit Losses - Receivable (Current) at other companies

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Mercado LibreMELI
$4.38B+77.8%
ACV Auctions Inc. logo
ACV Auctions Inc.ACVA

Segments

By segment

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Finance$30M+46.3%
Marketplace$9.7M+44.8%

Other financials

Income statement

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Revenue$527.9M+14.7%
Gross profit$256.2M+17.3%
Operating income$73.8M+42.7%
Net income$48.9M+32.5%
EPS (diluted)$0.35+94.4%

Balance sheet

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Cash & equivalents$180.1M-18.3%
Total debt$607.3M+114%
Total equity$1.3B-8.7%
Total assets$4.9B+1.9%

Cash flow

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Operating cash flow$159.6M+30.2%
CapEx$13.1M+10.1%
Free cash flow$146.5M+32.3%

Valuation

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Market cap$4.62B+41.3%
Enterprise value$5.05B
P/E24.4×
P/S2.3×

Profitability

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Gross margin46.5%+0.6pp
Operating margin10.9%+0.1pp
Net margin9.5%+2.4pp
FCF margin18.6%+4.1pp

Returns & leverage

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Return on equity14.4%+5.0pp
Debt / equity0.5×+0.3×
Current ratio1.2×0.0×

Where this comes from

Reported directly by OPENLANE in its filing.

Tagged under the XBRL concept us-gaap:AllowanceForNotesAndLoansReceivableCurrent.

The source filing: OPENLANE’s 10-Q, filed November 2, 2022.

Filed
Nov 2, 2022, 10:37 AM EDT
Fiscal quarter
Q3 FY2022
Calendar quarter
Q3 2022
Accession
0001395942-22-000070
Line itemSeptember 30,2022December 31, 2021
Cash and cash equivalents$148.7$177.6
Restricted cash28.925.8
Trade receivables, net of allowances of $14.2 and $9.5419.9381.3
Finance receivables, net of allowances of $21.5 and $23.02,533.62,506.0
Other current assets71.887.9
Current assets of discontinued operations213.2
Total current assets3,202.93,391.8
Other assets

Item 1. Financial Statements (Unaudited)

FAQ

What is OPENLANE's allowance for credit losses - receivable (current)?
OPENLANE (OPLN) reported allowance for credit losses - receivable (current) of $21.5M in Q3 2022.
How has OPENLANE's allowance for credit losses - receivable (current) changed year-over-year?
OPENLANE's allowance for credit losses - receivable (current) decreased by 10.4% year-over-year, from $24M to $21.5M.

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