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Prospect Capital (Prospect Capital) Accounts Receivable : $0.00 Mil (As of Dec. 2023)


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What is Prospect Capital Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Prospect Capital's accounts receivables for the quarter that ended in Dec. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Prospect Capital's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-9.70.


Prospect Capital Accounts Receivable Historical Data

The historical data trend for Prospect Capital'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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Prospect Capital Accounts Receivable Chart

Prospect Capital Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Receivable
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Prospect Capital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Prospect Capital Accounts Receivable Calculation

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


Prospect Capital 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.

Prospect Capital'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/-7.597*91
=

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

Prospect Capital'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)
=(92.969+0.75 * 0+0.5 * 0-4097.565
-0-0)/412.794
=-9.70

* 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.


Prospect Capital Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Prospect Capital's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Prospect Capital (Prospect Capital) Business Description

Traded in Other Exchanges
Address
10 East 40th Street, 42nd Floor, New York, NY, USA, 10016
Prospect Capital Corp is a closed-end investment company based in the United States. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The company invests primarily in senior and subordinated debt and equity of private companies for acquisitions, divestitures, growth, development, recapitalizations, and other purposes. It makes investments, including lending in private equity, sponsored transactions, directly to companies, investments in structured credit, real estate, and syndicated debt.
Executives
M Grier Eliasek director, officer: President and COO C/O PROSPECT ENERGY CORPORATION, 10 E. 40TH STREET, 40TH FLOOR, NEW YORK NY 10016
Van Dask Kristin Lea officer: CFO, TREASURER, SECRETARY, CCO 10 EAST 40TH ST, NEW YORK NY 10016
John F Barry director, officer: Chief Executive Officer C/O PROSPECT ENERGY CORPORATION, 10 EAST 40TH STREET, 42TH FLOOR, NEW YORK NY 10016
Eugene S Stark officer: Chief Financial Officer GENERAL AMERICAN INVESTORS COMPANY, INC., 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036
William Gremp director 10 E. 40TH ST, 44TH FLOOR, NEW YORK NY 10016
Brian H Oswald officer: CCO and Secretary, other: CCO and Secretary
Matthew C. Barry other: Family Insider 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Graham Anderson director 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Andrew C. Cooper director 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Robert Everett other: VP 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Simon Marom other: VP- Legal 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Robert Kleinman other: Senior VP 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
David Belzer other: Managing Director 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Amir Friedman other: VP 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
William Montgomery Cook other: Managing Director 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016