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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Miller/Howard Highome Equity Fund's accounts receivables for the quarter that ended in Apr. 2024 was $0.00 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Miller/Howard Highome Equity Fund's Days Sales Outstanding for the quarter that ended in Apr. 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. Miller/Howard Highome Equity Fund's Net-Net Working Capital per share for the quarter that ended in Apr. 2024 was $-1.44.
The historical data trend for Miller/Howard Highome Equity 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.
Miller/Howard Highome Equity Fund Annual Data | ||||||||||||||||
Trend | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||
Accounts Receivable | Get a 7-Day Free Trial | - | - | - | - | - |
Miller/Howard Highome Equity Fund Semi-Annual Data | ||||||||||||||
Oct17 | Apr18 | Oct18 | Apr19 | Oct19 | Apr20 | Oct20 | Apr21 | Oct21 | Apr22 | Oct22 | Apr23 | Oct23 | Apr24 | |
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.
Miller/Howard Highome Equity Fund's Days Sales Outstanding for the quarter that ended in Apr. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 0 | / | 24.603 | * | 91 |
= | 0.00 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Miller/Howard Highome Equity Fund's accounts receivable are only considered to be worth 75% of book value:
Miller/Howard Highome Equity Fund's Net-Net Working Capital Per Share for the quarter that ended in Apr. 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 | - | 26.905 |
- | 0 | - | 0) | / | 18.691 | ||
= | -1.44 |
* 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 Miller/Howard Highome Equity Fund's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Paul Charles Kazarian | director | C/O SABA CAPITAL MANAGEMENT, L.P., 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
James E Hillman | director | 10 DIXON AVENUE, WOODSTOCK NY 12498 |
Eva M Horowitz | officer: Secretary | 45 PINE GROVE AVENUE, SUITE 301, KINGSTON NY 12401 |
Sacco Mayra | director | 10 DIXON AVE, WOODSTOCK NY 12498 |
Catherine Mari Johnston | director, officer: President | 10 DIXON AVE, WOODSTOCK NY 12498 |
Dana Troxell | officer: President | C/O MILLER/HOWARD HIGH EQUITY INCOME FND, P.O. BOX 549, WOODSTOCK NY 12498 |
Lowell Miller | officer: Chief Executive Officer | PO BOX 549, WOODSTOCK NY 12498 |
Roger Conrad | director | 3516 HALCYON DRIVE, ALEXANDRIA VA 22305 |
Charles I Leone | director | C/O US WIRELESS DATA INC, 805 THIRD AVENUE, NEW YORK NY 10022 |
Paul Brook | officer: Chief Compliance Officer | MILLER/HOWARD HIGH EQUITY INCOME FUND, P.O. BOX 549, WOODSTOCK NY 12498 |
Helen Hamada | officer: Chief Financial Officer | PO BOX 549, WOODSTOCK NY 12498 |
Annemarie Gilly | officer: Chief Operating Officer | PO BOX 549, WOODSTOCK NY 12498 |
Leslie John E Iii | officer: Vice President | MILLER/HOWARD HIGH EQUITY INCOME FUND, P.O. BOX 549, WOODSTOCK NY 12498 |
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