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HIE (Miller/Howard Highome Equity Fund) Accounts Receivable : $0.00 Mil (As of Apr. 2024)


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What is Miller/Howard Highome Equity Fund Accounts Receivable?

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.


Miller/Howard Highome Equity Fund Accounts Receivable Historical Data

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.

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Miller/Howard Highome Equity Fund Accounts Receivable Chart

Miller/Howard Highome Equity Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
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Miller/Howard Highome Equity Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
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Miller/Howard Highome Equity Fund Accounts Receivable Calculation

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


Miller/Howard Highome Equity Fund 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.

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.


Miller/Howard Highome Equity Fund Accounts Receivable Related Terms

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Miller/Howard Highome Equity Fund Business Description

Traded in Other Exchanges
N/A
Address
45 Pine Grove Avenue, Suite 301, Kingston, NY, USA, 12401
Miller/Howard High Income Equity Fund is a closed-end, diversified management investment company. The fund's primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It invests under normal market conditions, a majority of its total assets in dividend or distribution paying equity securities of U.S. companies and non-U.S. companies traded on U.S. exchanges. Its portfolio of investments consists of securities of different sectors such as Natural Gas Transmission, Real Estate Investment Trusts, Petroleum Refining, Oil and Gas Extraction, Electric Services and others.
Executives
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

Miller/Howard Highome Equity Fund Headlines

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