Chenavari Toroome Fund (LSE:TORO) Accounts Receivable : €0.00 Mil (As of Sep. 2023)

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What is Chenavari Toroome Fund Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Chenavari Toroome Fund's accounts receivables for the quarter that ended in Sep. 2023 was €0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Chenavari Toroome Fund's Days Sales Outstanding for the quarter that ended in Sep. 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. Chenavari Toroome Fund's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was €-0.09.

Chenavari Toroome Fund Accounts Receivable Historical Data

The historical data trend for Chenavari Toroome 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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Chenavari Toroome Fund Accounts Receivable Chart

Chenavari Toroome Fund Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

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Chenavari Toroome Fund Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial										-	-	-	-	-

Chenavari Toroome Fund Accounts Receivable Calculation

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

Chenavari Toroome 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.

Chenavari Toroome Fund's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	11.882	*	91
=	0.00

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

Chenavari Toroome Fund's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(6.928	+	0.75 * 0	+	0.5 * 0	-	33.534
-	0	-	0)	/	308.272
=	-0.09

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.

Chenavari Toroome Fund Accounts Receivable Related Terms

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Chenavari Toroome Fund (LSE:TORO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Chenavari Toro Income Fund Ltd (LSE:TORO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Trafalgar Court, Les Banques, PO Box 286, Floor 2, Saint Peter Port, GGY, GY1 4LY

Website

https://www.chenavaritoroincomefund.com

Chenavari Toro Income Fund Ltd is a closed-end investment company incorporated in Guernsey. The investment objective is to deliver an absolute return from investing and trading in Asset-Backed Securities and other structured credit investments in liquid markets, and investing directly or indirectly in asset-backed transactions including, without limitation, through the origination of credit portfolios.