Tortoise Energy Infrastructure (Tortoise Energy Infrastructure) Accounts Receivable : $0.00 Mil (As of Nov. 2023)

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What is Tortoise Energy Infrastructure Accounts Receivable?

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

Accounts receivable can be measured by Days Sales Outstanding. Tortoise Energy Infrastructure'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. Tortoise Energy Infrastructure's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was $-10.42.

Tortoise Energy Infrastructure Accounts Receivable Historical Data

The historical data trend for Tortoise Energy Infrastructure'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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Tortoise Energy Infrastructure Accounts Receivable Chart

Tortoise Energy Infrastructure Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Accounts Receivable

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Tortoise Energy Infrastructure Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Accounts Receivable	Get a 7-Day Free Trial								-	-	-	-	-

Tortoise Energy Infrastructure Accounts Receivable Calculation

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

Tortoise Energy Infrastructure 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.

Tortoise Energy Infrastructure'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	/	36.625	*	91
=	0.00

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

Tortoise Energy Infrastructure'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	-	112.155
-	0	-	0)	/	10.7649
=	-10.42

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.

Tortoise Energy Infrastructure Accounts Receivable Related Terms

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Tortoise Energy Infrastructure (Tortoise Energy Infrastructure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Energy Infrastructure Corp (NYSE:TYG) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

6363 College Boulevard, Suite 100A, Overland Park, Leawood, KS, USA, 66211

Website

https://www.tortoiseadvisors.com

Tortoise Energy Infrastructure Corp seeks to provide a high level of current income to stockholders. It invests in fixed income and dividend-paying equity securities of power and energy infrastructure companies that provide stable and defensive characteristics throughout economic cycles.

Executives

Ciccotello Conrad S	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Michael Charles Perry	officer: Vice President	6363 COLLEGE BOULEVARD, SUITE 100A, OVERLAND PARK KS 66211
Jennifer Paquette	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer	director, 10 percent owner	5100 W. 115TH PLACE, LEAWOOD KS 66211
Gengler Courtney	officer: Vice President	5200 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney	director	11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
Brian Alan Kessens	other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
P. Bradley Adams	officer: Chief Financial Officer	5100 W. 115TH PLACE, LEAWOOD KS 66211
Matthew Sallee	officer: President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Alexandra Herger	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Guardian Life Insurance Co Of America	10 percent owner	10 HUDSON YARDS, NY NY 10001
Shobana Gopal	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Sean Paul Wickliffe	officer: Vice President & Asst Treas.	6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
Nicholas Scott Holmes	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Ryan Channell	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211