ClearBridge MLP & Midstream Fund (ClearBridge MLP & Midstream Fund) Accounts Receivable : $0.00 Mil (As of Nov. 2023)

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What is ClearBridge MLP & Midstream Fund Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ClearBridge MLP & Midstream Fund's accounts receivables for the quarter that ended in Nov. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ClearBridge MLP & Midstream Fund's Days Sales Outstanding for the quarter that ended in Nov. 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. ClearBridge MLP & Midstream Fund's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was $-19.86.

ClearBridge MLP & Midstream Fund Accounts Receivable Historical Data

The historical data trend for ClearBridge MLP & Midstream 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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ClearBridge MLP & Midstream Fund Accounts Receivable Chart

ClearBridge MLP & Midstream Fund Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

Accounts Receivable

ClearBridge MLP & Midstream Fund Semi-Annual Data
	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Accounts Receivable	Get a 7-Day Free Trial				-	-	-	-	-

ClearBridge MLP & Midstream Fund Accounts Receivable Calculation

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

ClearBridge MLP & Midstream 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.

ClearBridge MLP & Midstream Fund's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	129.311	*	91
=	0.00

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

ClearBridge MLP & Midstream Fund's Net-Net Working Capital Per Share for the quarter that ended in Nov. 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	-	264.074
-	0	-	0)	/	13.2942
=	-19.86

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.

ClearBridge MLP & Midstream Fund Accounts Receivable Related Terms

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ClearBridge MLP & Midstream Fund (ClearBridge MLP & Midstream Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ClearBridge MLP & Midstream Fund Inc. (NYSE:CEM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018

Website

https://www.franklintempleton.com

ClearBridge MLP & Midstream Fund Inc. is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in energy master limited partnerships (MLPs) and energy midstream entities.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Oliveira Marc De	officer: Secretary/Chief Legal Officer	C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Jasna Dolgov	other: General Counsel/Subadviser	CLEARBRIDGE INVESTMENTS, 620 EIGHTH AVENUE, NEW YORK NY 10018
Guardian Life Insurance Co Of America	10 percent owner	10 HUDSON YARDS, NY NY 10001
Mutual Of Omaha Insurance Co	10 percent owner	3300 MUTUAL OF OMAHA PLAZA, OMAHA NE 68175
United Of Omaha Life Insurance Co	10 percent owner	MUTUAL OF OMAHA PLZ 3RD FLOOR LAW, ATTN: JAN BROCKMAN, OMAHA NE 68175-1008
Daniel P Cronin	director	235 EAST 42ND ST, NEW YORK NY 10017
William R Hutchinson	director	535 N MICHIGAN STE 1012, CHICAGO IL 60611
Chris Eades	other: Portfolio Manager	620 EIGHTH AVENUE, 48TH FLOOR, NEW YORK NY 10018
Laura F Fergerson	other: Manager/Investment Manager	3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
George P. Hoyt	officer: Secretary and Ch Lgl Officer	C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Gwen L Shaneyfelt	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jed A. Plafker	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson	other: Director of Sub-Adviser	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906