Blackrock Muniyield California Fund, (Blackrock Muniyield California Fund,) Accounts Receivable : $0.00 Mil (As of Jan. 2022)

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What is Blackrock Muniyield California Fund, Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Blackrock Muniyield California Fund,'s accounts receivables for the quarter that ended in Jan. 2022 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Blackrock Muniyield California Fund,'s Net-Net Working Capital per share for the quarter that ended in Jan. 2022 was $-10.26.

Blackrock Muniyield California Fund, Accounts Receivable Historical Data

The historical data trend for Blackrock Muniyield California 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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Blackrock Muniyield California Fund, Accounts Receivable Chart

Blackrock Muniyield California Fund, Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Accounts Receivable

Blackrock Muniyield California Fund, Semi-Annual Data
	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22
Accounts Receivable	Get a 7-Day Free Trial					-	-	-	-	-

Blackrock Muniyield California Fund, Accounts Receivable Calculation

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

Blackrock Muniyield California 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 California Fund,'s Days Sales Outstanding for the quarter that ended in Jan. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	-20.258	*	91
=

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

Blackrock Muniyield California Fund,'s Net-Net Working Capital Per Share for the quarter that ended in Jan. 2022 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	-	219.864
-	0	-	0)	/	21.4195
=	-10.26

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 California Fund, Accounts Receivable Related Terms

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Blackrock Muniyield California Fund, (Blackrock Muniyield California Fund,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock Muniyield California Fund, Inc (NYSE:MYC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Bellevue Parkway, Wilmington, DE, USA, 19809

Website

https://www.blackrock.com

Blackrock Muniyield California Fund, Inc is a non-diversified, closed-end management investment company. The fund's investment objective is to provide shareholders with as high a level of current income exempt from Federal and California income taxes. It invests primarily in investment grade, long-term municipal obligations.

Executives

Wells Fargo & Company/mn	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Wells Fargo Bank N A	10 percent owner	101 NORTH PHILLIPS AVENUE, SIOUX FALLS SD 57104
Lorenzo Flores	director	2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman	director	P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris	director	1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Trent Walker	officer: Chief Financial Officer	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Robert W Fairbairn	director	55 EAST 52ND STREET, NEW YORK NY 10055
Michael Perilli	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Cynthia Egan	director	7117 BELLONA AVENUE, BALTIMORE MD 21212
Catherine A. Lynch	director	55 EAST 52ND STREET, NEW YORK NY 10055
Jonathan Diorio	officer: Vice President	55 EAST 52ND STREET, NEW YORK NY 10055
Barbara Novick	director	21 PINE COURT, NEW PROVIDENCE NJ 07974
Charles Park	officer: Chief Compliance Officer	55 EAST 52ND STREET, NEW YORK NY 10055
Citigroup Inc	10 percent owner	388 GREENWICH STREET, NEW YORK NY 10013
Robert Crothers	officer: Vice President	55 EAST 52ND STREET, NEW YORK NY 10055

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