First Trust Senior Floating Rateome Fund II (First Trust Senior Floating Rateome Fund II) Change In Receivables : $0.07 Mil (TTM As of Nov. 2023)

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What is First Trust Senior Floating Rateome Fund II Change In Receivables?

First Trust Senior Floating Rateome Fund II's change in receivables for the quarter that ended in Nov. 2023 was $-0.25 Mil. It means First Trust Senior Floating Rateome Fund II's Accounts Receivable increased by $0.25 Mil from May. 2023 to Nov. 2023 .

First Trust Senior Floating Rateome Fund II's change in receivables for the fiscal year that ended in May. 2023 was $0.22 Mil. It means First Trust Senior Floating Rateome Fund II's Accounts Receivable declined by $0.22 Mil from May. 2022 to May. 2023 .

First Trust Senior Floating Rateome Fund II's Accounts Receivable for the quarter that ended in Nov. 2023 was $0.00 Mil.

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 Receivable are being managed. First Trust Senior Floating Rateome Fund II's Days Sales Outstanding for the six months ended in Nov. 2023 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. First Trust Senior Floating Rateome Fund II's liquidation value for the six months ended in Nov. 2023 was $-72.16 Mil.

First Trust Senior Floating Rateome Fund II Change In Receivables Historical Data

The historical data trend for First Trust Senior Floating Rateome Fund II's Change In Receivables 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.

First Trust Senior Floating Rateome Fund II Change In Receivables Chart

First Trust Senior Floating Rateome Fund II Annual Data

Trend

May18

May19

May20

May21

May22

May23

Change In Receivables

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0.24

0.58

-0.32

0.17

0.22

First Trust Senior Floating Rateome Fund II Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Change In Receivables	Get a 7-Day Free Trial								0.10	0.06	-0.10	0.32	-0.25

First Trust Senior Floating Rateome Fund II Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.07 Mil.

First Trust Senior Floating Rateome Fund II (NYSE:FCT) Change In Receivables 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 Receivable are being managed.

First Trust Senior Floating Rateome Fund II'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	/	19.437	*	91
=	0.00

2. In Ben Graham's calculation of liquidation value, First Trust Senior Floating Rateome Fund II's accounts receivable are only considered to be worth 75% of book value:

First Trust Senior Floating Rateome Fund II's liquidation value for the quarter that ended in Nov. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.802	-	77.958	+	0.75 * 0	+	0.5 * 0
=	-72.16

First Trust Senior Floating Rateome Fund II Change In Receivables Related Terms

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First Trust Senior Floating Rateome Fund II (First Trust Senior Floating Rateome Fund II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Trust Senior Floating Rate Income Fund II (NYSE:FCT) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://www.ftportfolios.com

First Trust Senior Floating Rate Income Fund II is the United States based diversified, closed-end management investment company. Its investment objective is to seek a high level of current income. As a secondary objective, the fund attempts to preserve capital. The fund seeks to achieve the objectives by investing primarily in a portfolio of senior floating-rate loan interests. Its portfolio of investments consists of aerospace and defense, agricultural products, broadcasting, cable and satellite, electric utilities and other sectors.

Executives

Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
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
Orlando Purpura	other: Portfolio Manager	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Jeffrey M Scott	other: Portfolio Manager	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Housey William A Jr	other: Officer of Advisor, Port. Mgr.	FIRST TRUST ADVISORS L.P., 120 E. LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott D Fries	other: Officer of Advisor, Port. Mgr.	FIRST TRUST ADVISORS L.P., 120 E. LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James A Bowen	director, officer: President	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
David Mcgarel	other: Officer of the Adviser	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Shane Shannon	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
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
Daniel J Lindquist	officer: Vice President	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187