OPP (RiverNorth/DoubleLine Strategic Opportunity Fund) Accounts Receivable : $0.00 Mil (As of Dec. 2024)

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What is RiverNorth/DoubleLine Strategic Opportunity Fund Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. RiverNorth/DoubleLine Strategic Opportunity Fund's accounts receivables for the quarter that ended in Dec. 2024 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. RiverNorth/DoubleLine Strategic Opportunity Fund's Days Sales Outstanding for the quarter that ended in Dec. 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. RiverNorth/DoubleLine Strategic Opportunity Fund's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-5.36.

RiverNorth/DoubleLine Strategic Opportunity Fund Accounts Receivable Historical Data

The historical data trend for RiverNorth/DoubleLine Strategic Opportunity 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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RiverNorth/DoubleLine Strategic Opportunity Fund Accounts Receivable Chart

RiverNorth/DoubleLine Strategic Opportunity Fund Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Accounts Receivable

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RiverNorth/DoubleLine Strategic Opportunity Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial										-	-	-	-	-

RiverNorth/DoubleLine Strategic Opportunity Fund Accounts Receivable Calculation

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

RiverNorth/DoubleLine Strategic Opportunity 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.

RiverNorth/DoubleLine Strategic Opportunity Fund's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	12.59	*	91
=	0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), RiverNorth/DoubleLine Strategic Opportunity Fund's accounts receivable are only considered to be worth 75% of book value:

RiverNorth/DoubleLine Strategic Opportunity Fund's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(0.019	+	0.75 * 0	+	0.5 * 0	-	7.524
-	120	-	0)	/	23.810
=	-5.36

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.

RiverNorth/DoubleLine Strategic Opportunity Fund Accounts Receivable Related Terms

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RiverNorth/DoubleLine Strategic Opportunity Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth/DoubleLine Strategic Opportunity Fund Inc (NYSE:OPP) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401

Website

https://www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund Inc is a closed-end management investment company. The company's investment objective is to seek current income and overall total return.

Executives

Lisa Bruckert Mougin	director	C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
David Swanson	director	325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654
Stephen Andrew O'neill	other: Portfolio Manager	360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
John S. Oakes	director	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Brian H Schmucker	other: OFFICER OF THE INVT ADVISER	325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
Patrick W. Galley	director, officer: President	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Jerry Raio	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
John Wayne Hutchens	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Youse Guia	other: Exec Comm Mbr: OPP Subadviser	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Leticia A. Acosta	other: Exec Comm Mbr: OPP Subadviser	333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071
Rivernorth Marketplace Lending Corp	other: Investment Adviser	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Fred G Steingraber	director	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Marcus L Collins	officer: CCO and Secretary	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Jonathan M. Mohrhardt	officer: CFO and Treasurer	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
John K Carter	director	433 W. VAN BUREN STREET, SUITE 1150-E, CHICAGO IL 60607