MIY (Blackrock Muniyield Michigan Quality Fund) Accounts Receivable: $ Mil (As of Jan. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIY Blackrock Muniyield Michigan Quality Fund Inc MIY
52 GF Score
Price $12.06
GF Value $18.59
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Blackrock Muniyield Michigan Quality Fund Accounts Receivable?

Blackrock Muniyield Michigan Quality Fund MIY -0.74% 52 Accounts Receivable is $ Mil as of Jan. 2026. GuruFocus rates MIY with a GF Score™ of 52/100 and a GF Value™ of $18.59 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Blackrock Muniyield Michigan Quality Fund's accounts receivables for the quarter that ended in Jan. 2026 was $ Mil.

Accounts receivable can be measured by Days Sales Outstanding. Blackrock Muniyield Michigan Quality Fund's Days Sales Outstanding for the quarter that ended in Jan. 2026 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. Blackrock Muniyield Michigan Quality Fund's Net-Net Working Capital per share for the quarter that ended in Jan. 2026 was $-7.93.


Blackrock Muniyield Michigan Quality 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.

Blackrock Muniyield Michigan Quality Fund's Days Sales Outstanding for the quarter that ended in Jan. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=/13.429859*91
=0.00

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

Blackrock Muniyield Michigan Quality Fund's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2026 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)
=(4.351565+0.75 * +0.5 * 0-234.174374
-0-0)/28.96475
=-7.93

* 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.


Blackrock Muniyield Michigan Quality Fund Accounts Receivable Related Terms


Blackrock Muniyield Michigan Quality Fund Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Blackrock Muniyield Michigan Quality 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.

Blackrock Muniyield Michigan Quality Fund Accounts Receivable Chart

Blackrock Muniyield Michigan Quality Fund Annual Data
Trend Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Accounts Receivable
Get a 7-Day Free Trial - - - - -

Blackrock Muniyield Michigan Quality Fund Semi-Annual Data
Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -
MIY
52GF Score
Blackrock Muniyield Michigan Quality Fund Inc MIY
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blackrock Muniyield Michigan Quality Fund Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $ Mil mean?
Blackrock Muniyield Michigan Quality Fund (MIY) has a Accounts Receivable of $ Mil as of Jan. 2026. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Blackrock Muniyield Michigan Quality Fund and its competitors.
Is Blackrock Muniyield Michigan Quality Fund's Accounts Receivable too high?
Blackrock Muniyield Michigan Quality Fund's current Accounts Receivable is $ Mil. Overall, Blackrock Muniyield Michigan Quality Fund has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Blackrock Muniyield Michigan Quality Fund's Accounts Receivable compare to CION and MYN?
Blackrock Muniyield Michigan Quality Fund's Accounts Receivable of $ Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for an Asset Management company?
A good Accounts Receivable depends on the Asset Management industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Blackrock Muniyield Michigan Quality Fund and its competitors. Blackrock Muniyield Michigan Quality Fund's current Accounts Receivable is $ Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackrock Muniyield Michigan Quality Fund stock overvalued right now?
Based on GuruFocus' analysis, Blackrock Muniyield Michigan Quality Fund (MIY) is currently considered Significantly Undervalued. The stock's GF Value™ is $18.59, compared to a current price of $12.06 — trading 35.1% below its estimated fair value. The current Accounts Receivable is $ Mil. Blackrock Muniyield Michigan Quality Fund's overall GF Score™ is 52/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Blackrock Muniyield Michigan Quality Fund (MIY), the current Accounts Receivable is $ Mil as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Blackrock Muniyield Michigan Quality Fund (MIY) Overvalued in 2026?

Based on GuruFocus' analysis, Blackrock Muniyield Michigan Quality Fund stock appears to be undervalued. The current stock price of $12.06 is trading 35.1% below its estimated GF Value™ of $18.59. GuruFocus considers Blackrock Muniyield Michigan Quality Fund to be Significantly Undervalued.

Key valuation signals for MIY:

  • Accounts Receivable: $ Mil
  • GF Value™: $18.59 vs. price of $12.06 (35.1% below fair value)
  • GF Score™: 52/100 with 3 warning signs

No single metric tells the full story. See the MIY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Blackrock Muniyield Michigan Quality Fund Business Description

Address 100 Bellevue Parkway, Wilmington, DE, USA, 19809
BlackRock MuniYield Michigan Quality Fund Inc. is a closed-end management investment company traded on the New York Stock Exchange under the ticker MIY. It is advised by BlackRock Advisors, LLC, part of BlackRock, Inc. The fund's investment objective is to provide shareholders with as high a level of current income exempt from U.S. federal income taxes and Michigan state personal income taxes as is consistent with its investment policies and prudent investment management. It pursues this by investing primarily in long-term, investment-grade municipal obligations issued by or on behalf of the State of Michigan and its political subdivisions, agencies, and instrumentalities, along with certain U.S. territories. The fund typically employs leverage through the issuance of preferred shares or borrowings to enhance income. Its shares trade on the secondary market, and it distributes tax-exempt income to shareholders, generally on a monthly basis.
52GF Score

Get the complete analysis for MIY

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.06
Price
$18.59
GF Value