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CION (CION Invt) Accounts Receivable : $0.00 Mil (As of Sep. 2024)


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What is CION Invt Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CION Invt's accounts receivables for the quarter that ended in Sep. 2024 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CION Invt's Days Sales Outstanding for the quarter that ended in Sep. 2024 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. CION Invt's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-19.62.


CION Invt Accounts Receivable Historical Data

The historical data trend for CION Invt'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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CION Invt Accounts Receivable Chart

CION Invt Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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CION Invt Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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CION Invt Accounts Receivable Calculation

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


CION Invt 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.

CION Invt's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/2.639*91
=0.00

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

CION Invt's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 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)
=(29.765+0.75 * 0+0.5 * 0-1076.431
-0-0)/53.3599
=-19.62

* 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.


CION Invt Accounts Receivable Related Terms

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CION Invt Business Description

Traded in Other Exchanges
Address
100 Park Avenue, 25th Floor, New York, NY, USA, 10017
CION Invt Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The Company's portfolio is comprised of investments in senior secured debt, including first lien loans, second lien loans and unitranche loans, and, to a lesser extent, collateralized securities, structured products and other similar securities, unsecured debt, and equity, of private and thinly-traded U.S. middle-market companies.
Executives
Michael A Reisner director, officer: Co-Chairman & Co-CEO C/O CION INVESTMENT CORP., 3 PARK AVENUE, 36TH FL, NEW YORK NY 10016
Stephen Roman officer: CCO & Secretary C/O CION INVESTMENT CORP., 3 PARK AVENUE, 36TH FLOOR, NEW YORK NY 10016
Robert A Breakstone director C/O CION INVESTMENT CORP., 3 PARK AVENUE, 36TH FL, NEW YORK NY 10016
Gregg A. Bresner officer: President & CIO C/O CION INVESTMENT CORP, 3 PARK AVENUE, 36TH FLOOR, NEW YORK NY 10016
Eric A. Pinero officer: Chief Legal Officer 3 PARK AVENUE, 36TH FLOOR, NEW YORK NY 10016
Mark Gatto director, officer: Co-Chairman & Co-CEO C/O CION INVESTMENT CORP., 3 PARK AVENUE, 36TH FL, NEW YORK NY 10016
Peter I. Finlay director C/O CION INVESTMENT CORP, 3 PARK AVENUE, 36TH FLOOR, NEW YORK NY 10016
Catherine Choi director 3 PARK AVENUE, 36TH FLOOR, NEW YORK NY 10016
Aron I Schwartz director C/O CION INVESTMENT CORP., 3 PARK AVENUE, 36TH FL, NEW YORK NY 10016
Keith S Franz officer: CFO & Treasurer C/O CION INVESTMENT CORP., 3 PARK AVENUE, 36TH FL, NEW YORK NY 10016
Edward J. Estrada director 3 PARK AVENUE, 36TH FLOOR, NEW YORK NY 10016
Joseph D Glatt director C/O APOLLO INVESTMENT CORPORATION, 9 WEST 57TH STREET, NEW YORK NY 10019
Earl Hedin director C/O CION INVESTMENT CORP, 3 PARK AVENUE, 36TH FLOOR, NEW YORK NY 10016
David J Verlizzo officer: SEE REMARKS C/O CION INVESTMENT CORP, 3 PARK AVENUE, 36TH FL, NEW YORK NY 10016
Apollo Principal Holdings Iii Gp Ltd 10 percent owner C/O INTERTRUST CORPORATE SERVICES, (CAYMAN) LIMITED, 190 ELGIN STREET, GEORGE TOWN E9 KY1-9005