Omega Flex, Inc. Receivables

Receivables of OFLX for past 10 years: annual, quarterly and twelve month trailing (TTM) including Receivables growth rates and interactive chart. Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivables are listed on the balance sheet as a current asset. AR is any amount of money owed by customers for purchases made on credit. When a company makes a sale, it records revenues and a corresponding balance in accounts receivable. When an invoice is paid, the accounts payable account is reduced and cash is received. Receivables should grow in-line with revenue over time, if they are growing much faster, a company might be booking revenue too aggressively.

Highlights and Quick Summary

  • Receivables for the quarter ending March 30, 2021 was $19.7 Million (a -1.79% decrease compared to previous quarter)
  • Year-over-year quarterly Receivables increased by 39.72%
  • Annual Receivables for 2020 was $20.1 Million (a 17.77% increase from previous year)
  • Annual Receivables for 2019 was $17 Million (a 3.62% increase from previous year)
  • Annual Receivables for 2018 was $16.5 Million (a 5.21% increase from previous year)
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Historical Receivables of Omega Flex, Inc.

Most recent Receivablesof OFLX including historical data for past 10 years.

Interactive Chart of Receivables of Omega Flex, Inc.

Omega Flex, Inc. Receivables for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $19.72
2020 $20.08 $16.32 $14.11 $15.52 $20.08
2019 $17.05 $16.81 $16.67 $17.01 $17.05
2018 $16.45 $17.48 $15.53 $15.41 $16.45
2017 $15.64 $15.95 $15.13 $16.73 $15.64
2016 $15.01 $15.26 $14.51 $13.11 $15.01
2015 $16.61 $15.23 $13.75 $12.83 $16.61
2014 $13.72 $15.09 $11.71 $11.24 $13.72
2013 $12.97 $12.73 $11.96 $10.2 $12.97
2012 $12.13 $11.12 $9.16 $9.09 $12.13
2011 $9.05 $8.79 $7.77 $6.58 $9.05
2010 $7.31 $6.99 $6.28 $7.31

Business Profile of Omega Flex, Inc.

Sector: Industrials
Industry: Specialty Industrial Machinery
Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in the United States and internationally. It offers flexible gas piping for use in residential and commercial buildings, as well as its fittings; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities. The company sells its products under the TracPipe, CounterStrike, AutoSnap, AutoFlare, DoubleTrac, DEF-Trac, and MediTrac brand names. It serves various markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. The company sells its products through independent sales representatives, distributors, original equipment manufacturers, and direct sales, as well as through its website. The company was formerly known as Tofle America, Inc. and changed its name to Omega Flex, Inc. in 1996. Omega Flex, Inc. was incorporated in 1975 and is based in Exton, Pennsylvania.