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Avenueome Credit Strategies Fund Change In Receivables

: $0.75 Mil (TTM As of Apr. 2020)
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Avenueome Credit Strategies Fund's change in receivables for the quarter that ended in Apr. 2020 was $-0.52 Mil. It means Avenueome Credit Strategies Fund's Accounts Receivable declined by $0.52 Mil from Oct. 2019 to Apr. 2020 .

Avenueome Credit Strategies Fund's change in receivables for the fiscal year that ended in Oct. 2019 was $0.75 Mil. It means Avenueome Credit Strategies Fund's Accounts Receivable increased by $0.75 Mil from Oct. 2018 to Oct. 2019 .

Avenueome Credit Strategies Fund's Accounts Receivable for the quarter that ended in Apr. 2020 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Avenueome Credit Strategies Fund's liquidation value for the six months ended in Apr. 2020 was $-71.19 Mil.


Avenueome Credit Strategies Fund Change In Receivables Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Avenueome Credit Strategies Fund Annual Data
Oct17 Oct18 Oct19
Change In Receivables 0.59 -0.64 0.75

Avenueome Credit Strategies Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20
Change In Receivables Premium Member Only -1.77 1.12 0.87 -0.12 -0.52

Avenueome Credit Strategies Fund 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.

For stock reported semi-annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Apr. 2020 was $0.75 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Avenueome Credit Strategies Fund  (NYSE:ACP) 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.

Avenueome Credit Strategies Fund's Days Sales Outstanding for the quarter that ended in Apr. 2020 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/-44.663*91
=

2. In Ben Graham's calculation of liquidation value, Avenueome Credit Strategies Fund's accounts receivable are only considered to be worth 75% of book value:

Avenueome Credit Strategies Fund's liquidation value for the quarter that ended in Apr. 2020 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0-71.188+0.75 * 0+0.5 * 0
=-71.19

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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