GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Floating-rate Income Trust (NYSE:EFT) » Definitions » Accounts Receivable

Eaton Vance Floating-rateome Trust (Eaton Vance Floating-rateome Trust) Accounts Receivable : $0.00 Mil (As of Nov. 2023)


View and export this data going back to . Start your Free Trial

What is Eaton Vance Floating-rateome Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Eaton Vance Floating-rateome Trust's accounts receivables for the quarter that ended in Nov. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Eaton Vance Floating-rateome Trust'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. Eaton Vance Floating-rateome Trust's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was $-8.35.

Eaton Vance Floating-rateome Trust Accounts Receivable Historical Data

The historical data trend for Eaton Vance Floating-rateome Trust'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.

* Premium members only.

Eaton Vance Floating-rateome Trust Accounts Receivable Chart

Eaton Vance Floating-rateome Trust Annual Data
Trend May18 May19 May20 May21 May22 May23
Accounts Receivable
Get a 7-Day Free Trial - - - - -

Eaton Vance Floating-rateome Trust Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Eaton Vance Floating-rateome Trust Accounts Receivable Calculation

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

Eaton Vance Floating-rateome Trust 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.

Eaton Vance Floating-rateome Trust's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/32.204*91
=0.00

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

Eaton Vance Floating-rateome Trust'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)
=(8.266+0.75 * 0+0.5 * 0-226.962
-0-0)/26.1814
=-8.35

* 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.

Eaton Vance Floating-rateome Trust Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Eaton Vance Floating-rateome Trust's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Eaton Vance Floating-rateome Trust (Eaton Vance Floating-rateome Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Floating-rate Income Trust (NYSE:EFT) » Definitions » Accounts Receivable
Comparable Companies
GBAB MUA EFR FSD HIO EAD CHW HPI SDHY MYN BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
Two International Place, Boston, MA, USA, 02110
Website
https://www.eatonvance.com
Eaton Vance Floating-rate Income Trust is a closed-end management investment company. The company's objective is to provide a high level of current income and its secondary objective is capital appreciation.
Executives
Kenneth A Topping officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Anchal Pachnanda officer: Officer TWO INTERNATIONAL PLACE, BOSTON MA 02110
Alan C. Bowser other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nicholas Dilorenzo officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Keith Quinton other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Sarah Anne Choi other: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nancy A Wiser other: Trustee WELLS FARGO FUNDS MANAGEMENT, 200 BERKELEY STREET, 19TH FLOOR, BOSTON MA 02116
Jill Damon officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Kimberly M Roessiger officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Deidre E Walsh officer: Vice President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Eric Stein officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Catherine Mcdermott other: Portfolio Manager 255 STATE STREET, BOSTON MA 02109
Andrew Sveen other: Portfolio Manager 255 STATE STREET, BOSTON MA 02109