Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Accounts Receivable : $0.00 Mil (As of Nov. 2023)

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What is Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income 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. Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income 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. Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was $-3.24.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Accounts Receivable Historical Data

The historical data trend for Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income 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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Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Accounts Receivable Chart

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Accounts Receivable

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Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Accounts Receivable	Get a 7-Day Free Trial								-	-	-	-	-

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Accounts Receivable Calculation

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

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income 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.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income 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	/	2.463	*	91
=	0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's accounts receivable are only considered to be worth 75% of book value:

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income 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)
=	(2.178	+	0.75 * 0	+	0.5 * 0	-	29.859
-	0	-	0)	/	8.54744
=	-3.24

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.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Accounts Receivable Related Terms

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Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund (NYSE:MFD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187

Website

http://www.ftportfolios.com

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund is a diversified, closed-end management company. Its objective is to seek a high level of current return consisting of dividends, interest, and other similar income while attempting to preserve capital. The fund seeks to achieve its objective by investing in the securities of companies involved in the management, ownership, and operation of infrastructure and utilities. It also invests in senior secured loans generally considered to be high-yield securities. The company portfolio of investments consists of the investment in the common stocks, master limited partnerships, and senior floating-rate loan interests.

Executives

Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
William H Speacht	other: Investment Advisor	2005 MARKET ST, 34TH FL, PHILADELPHIA PA 19103
Thomas R Kadlec	director	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler	other: Officer-Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske	other: Officer-Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Robert F Keith	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Fink William J Jr	other: Officer-Investment Sub-Advisor	125 WEST 55TH STREET, LEVEL 15, NEW YORK NY 10019
Shane Shannon	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
John H Kim	other: Officer-Investment Sub-Advisor	C/O ANJIE LAROCCA, DEUTSCHE BANK, 1251 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Jonathan S Ong	other: Officer-Investment Sub-Advisor	1 MARTIN PLACE, LEVEL 21, SYDNEY C3 2000
Donald Swade	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Katherine L Urevig	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Anthony Felton	other: Officer-Investment Sub-Advisor	1 MARTIN PLACE, LEVEL 21, SYDNEY C3 2000
Andrew Maple-brown	other: Officer-Investment Sub-Advisor	125 WEST 55TH STREET, LEVEL 15, NEW YORK NY 10019