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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Flaherty & Crumrine Total Return Fund's accounts receivables for the quarter that ended in Nov. 2024 was $0.00 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Flaherty & Crumrine Total Return Fund's Days Sales Outstanding for the quarter that ended in Nov. 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. Flaherty & Crumrine Total Return Fund's Net-Net Working Capital per share for the quarter that ended in Nov. 2024 was $-11.49.
The historical data trend for Flaherty & Crumrine Total Return Fund'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.
Flaherty & Crumrine Total Return Fund Annual Data | |||||||||||||||||
Trend | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | Nov24 | |||||||||
Accounts Receivable | Get a 7-Day Free Trial | - | - | - | - | - |
Flaherty & Crumrine Total Return Fund Semi-Annual Data | |||||||||||||||
Nov17 | May18 | Nov18 | May19 | Nov19 | May20 | Nov20 | May21 | Nov21 | May22 | Nov22 | May23 | Nov23 | May24 | Nov24 | |
Accounts Receivable | Get a 7-Day Free Trial |
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Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Flaherty & Crumrine Total Return Fund's Days Sales Outstanding for the quarter that ended in Nov. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 0 | / | 16.528 | * | 91 |
= | 0.00 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Flaherty & Crumrine Total Return Fund's accounts receivable are only considered to be worth 75% of book value:
Flaherty & Crumrine Total Return Fund's Net-Net Working Capital Per Share for the quarter that ended in Nov. 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) | ||
= | (0 | + | 0.75 * 0 | + | 0.5 * 0 | - | 120.188 |
- | 0 | - | 0) | / | 10.457 | ||
= | -11.49 |
* 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.
Thank you for viewing the detailed overview of Flaherty & Crumrine Total Return Fund's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert F Wulf | director | 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101 |
Karen Hanovice Hogan | director | 301 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101 |
Chad Conwell | officer: VP & Asst. Compliance Officer | 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101 |
Bradford S Stone | officer: Vice President, Asst Treasurer | 47 MAPLE ST. SUITE 403, SUMMIT NJ 07901 |
Robert M Ettinger | officer: President | 301 E COLORADO BLVD STE 720, PASADENA CA 91101 |
Bank Of America Corp /de/ | 10 percent owner | BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255 |
Merrill Lynch, Pierce, Fenner & Smith Inc. | 10 percent owner | 4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080 |
Merrill Lynch & Co., Inc. | 10 percent owner | 4 WORLD FINANCIAL CTR, NEW YORK NY 10080 |
Stanley Morgan | 10 percent owner | 1585 BROADWAY, NEW YORK NY 10036 |
Christopher Douglas Ryan | officer: Vice President | 310 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101 |
Laurie C Lodolo | officer: Asst CCO, Asst Treas, Asst Sec | 301 E. COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101 |
Flaherty & Crumrine Inc | other: Investment Adviser | 301 E. COLORADO BLVD, SUITE 720, PASADENA CA 91101 |
Peter C Stimes | officer: VP, CFO, Chief Accounting Off. | 301 E COLORADO BLVD STE 720, PASADENA CA 91101 |
Donald F Crumrine | director, officer: Chief Executive Officer | 301 E COLORADO BLVD STE 720, PASADENA CA 91101 |
Robert E Chadwick | officer: VP, Secretary, Asst. Treasurer | 301 E COLORADO BLVD STE 720, PASADENA CA 91101 |
From GuruFocus
By GuruFocus News • 01-04-2025
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