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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Highland Opportunities andome Fund's accounts receivables for the quarter that ended in Jun. 2024 was $0.00 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Highland Opportunities andome Fund's Days Sales Outstanding for the quarter that ended in Jun. 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. Highland Opportunities andome Fund's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-1.62.
The historical data trend for Highland Opportunities andome 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.
Highland Opportunities andome Fund Annual Data | |||||||||||||||
Trend | Jun18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Accounts Receivable | Get a 7-Day Free Trial | - | - | - | - | - |
Highland Opportunities andome Fund Semi-Annual Data | ||||||||||||||
Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | Jun24 | |
Accounts Receivable | Get a 7-Day Free Trial | - | - | - | - | - |
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.
Highland Opportunities andome Fund's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 0 | / | 10.216 | * | 91 |
= | 0.00 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Highland Opportunities andome Fund's accounts receivable are only considered to be worth 75% of book value:
Highland Opportunities andome Fund's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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) | ||
= | (42.39 | + | 0.75 * 0 | + | 0.5 * 0 | - | 149.412 |
- | 0 | - | 0) | / | 66.1145 | ||
= | -1.62 |
* 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.
Thank you for viewing the detailed overview of Highland Opportunities andome Fund's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert J Froehlich | director | 405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022 |
Dorri Mcwhorter | director | 6431 OAKTON STREET, C/O LIFEWAY FOODS, INC., MORTON GROVE IL 60053 |
Pamela B Corrie | director | 100 PIER 1 PLACE, FORT WORTH TX 76102 |
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Brian Mitts | officer: PEO, PFO & Assistant Treasurer | 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201 |
Dustin David Norris | director, officer: Secretary | 2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201 |
James Bradley Ross | officer: See Remarks | 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201 |
Bryan A Ward | director | 3625 ROSEDALE, DALLAS TX 75205 |
Robert Jason Post | officer: Chief Compliance Officer | 2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201 |
Clifford Stoops | officer: Assistant Treasurer | 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201 |
Frank George Waterhouse | officer: See Remarks | 2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201 |
Ethan Powell | director | 2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201 |
John Honis | director | 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201 |
Timothy K Hui | director | 48 WILLOW GREEN DRIVE, CHURCHVILLE PA 18966 |
Parker Lee Blackwell Iii | officer: Executive Vice President | 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201 |
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