MMD (NYLI MacKay DefinedTerm Muni Opportunities Fund) Accounts Receivable : $0.00 Mil (As of Nov. 2024)

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What is NYLI MacKay DefinedTerm Muni Opportunities Fund Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. NYLI MacKay DefinedTerm Muni Opportunities 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. NYLI MacKay DefinedTerm Muni Opportunities 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. NYLI MacKay DefinedTerm Muni Opportunities Fund's Net-Net Working Capital per share for the quarter that ended in Nov. 2024 was $-9.45.

NYLI MacKay DefinedTerm Muni Opportunities Fund Accounts Receivable Historical Data

The historical data trend for NYLI MacKay DefinedTerm Muni Opportunities 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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NYLI MacKay DefinedTerm Muni Opportunities Fund Accounts Receivable Chart

NYLI MacKay DefinedTerm Muni Opportunities Fund Annual Data

Trend

May18

May19

May20

May21

May22

May23

May24

Accounts Receivable

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NYLI MacKay DefinedTerm Muni Opportunities 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										-	-	-	-	-

NYLI MacKay DefinedTerm Muni Opportunities Fund Accounts Receivable Calculation

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

NYLI MacKay DefinedTerm Muni Opportunities 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.

NYLI MacKay DefinedTerm Muni Opportunities 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	/	18.79	*	91
=	0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), NYLI MacKay DefinedTerm Muni Opportunities Fund's accounts receivable are only considered to be worth 75% of book value:

NYLI MacKay DefinedTerm Muni Opportunities 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)
=	(11.689	+	0.75 * 0	+	0.5 * 0	-	189.209
-	0	-	0)	/	18.779
=	-9.45

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.

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NYLI MacKay DefinedTerm Muni Opportunities Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NYLI MacKay DefinedTerm Muni Opportunities Fund (NYSE:MMD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Madison Avenue, New York, NY, USA, 10010

Website

https://www.newyorklifeinvestments.com

NYLI MacKay DefinedTerm Muni Opportunities Fund is a USA-based diversified closed-end management investment company. The fund's investment objective is to seek current income exempt from regular U.S. Federal income taxes as well as total return. The company predominantly invests in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. Federal income tax purposes.

Executives

David Dowden	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NJ 10105
John J Lawlor	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Michael Denlinger	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Naim Abou-jaoude	other: CEO, NY LIFE INVEST MGMENT LLC	200 ALDERSGATE STREET, C/O CANDRIAM, NORTH ENTRANCE, LONDON X0 EC1A4HD
Michael Petty	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Alain M Karaoglan	other: Chairman & Interim CEO	230 PARK AVENUE, NEW YORK NY 10169
Kevin M Gleason	officer: Chief Compliance Officer	30 HUDSON STREET, JERSEY CITY NJ 07302
Robert A Dimella	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Scott Sprauer	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Karen Hammond	other: Advisory Board Member	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Yie-hsin Hung	other: Executive Vice President	30 HUDSON STREET, JERSEY CITY NJ 07302
Jeffrey S Phlegar	other: CEO of Subadvisor
Yi-chia Kuo	officer: Chief Compliance Officer	30 HUDSON STREET, JERSEY CITY NJ 07302
Nolan Richard H Jr	director	51 MADISON AVENUE, NEW YORK NY 10010
Kirk C Lehneis	officer: President	51 MADISON AVENUE, NEW YORK NY 10010