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Cornerstone Total Return Fund (Cornerstone Total Return Fund) Accounts Receivable : $0.0 Mil (As of Dec. 2023)


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What is Cornerstone Total Return Fund Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cornerstone Total Return Fund's accounts receivables for the quarter that ended in Dec. 2023 was $0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cornerstone Total Return Fund's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cornerstone Total Return Fund's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.01.


Cornerstone Total Return Fund Accounts Receivable Historical Data

The historical data trend for Cornerstone Total Return Fund'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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Cornerstone Total Return Fund Accounts Receivable Chart

Cornerstone Total Return Fund Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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Cornerstone Total Return Fund Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Cornerstone Total Return Fund Accounts Receivable Calculation

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


Cornerstone Total Return Fund 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.

Cornerstone Total Return Fund's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/46.941*91
=0.00

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

Cornerstone Total Return Fund's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=(0+0.75 * 0+0.5 * 0-1.166
-0-0)/109.823
=-0.01

* 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.


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.


Cornerstone Total Return Fund Accounts Receivable Related Terms

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Cornerstone Total Return Fund (Cornerstone Total Return Fund) Business Description

Traded in Other Exchanges
N/A
Address
225 Pictoria Drive, Suite 450, Cincinnati, OH, USA, 45246
Cornerstone Total Return Fund Inc is a diversified closed-end management company. Its objective is to seek capital appreciation with current income as a secondary objective. The company invests in sectors such as Information Technology; Health Care; Financials; Communication Services; Industrials; Utilities; Energy; Real Estate and others.
Executives
Matthew Morris director 1905 SHARP PL, HOUSTON TX 77019
Joshua Bradshaw director 1075 HENDERSONVILLE ROAD, SUITE 250, ASHEVILLE NC 28803
Brian James Lutes officer: Treasurer C/O ULTIMUS FUND SOLUTIONS, LLC, 225 PICTORIA DRIVE, SUITE 450, CINCINNATI OH 45246
Daniel Bradshaw director 1075 HENDERSONVILLE ROAD, SUITE 250, ASHEVILLE NC 28803
Wilcox Glenn W Sr director ONE WEST PACK SQUARE SUITE 1700, ASHEVILLE NC 28801
Ralph W Bradshaw director, officer: President 1075 HENDERSONVILLE ROAD, SUITE 250, ASHEVILLE NC 28803
Marcia Emilia Malzahn director 16494 73RD AVENUE N, MAPLE GROVE MN 55311
Hoyt M. Peters officer: Secretary 1075 HENDERSONVILLE ROAD, ASHEVILLE NC 28803
Alan M. Mandel officer: Treasurer C/O SCHRODERS, 875 THIRD AVENUE, 22ND FLOOR, NEW YORK NY 10022
Robert E Dean director 5570 DTC PARKWAY, GREENWOOD VILLAGE CO 80111
Frank J. Maresca officer: Treasurer 5 GREENVIEW CIR., HUNTINGTON NY 11743-5152
Theresa Minogue Bridge officer: Treasurer C/O ULTIMUS FUND SOLUTIONS, LLC, 225 PICTORIA DRIVE, SUITE 450, CINCINNATI OH 45246
William A Clark director, officer: Vice President C/O CORNERSTONE ADVISORS, INC., ONE WEST PARK SQUARE, SUITE 1650, ASHEVILLE NC 28801
Andrew A Strauss director 77 CENTRAL AVE SUITE F, ASHEVILLE NC 28801