Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN) Accounts Receivable : C$0.00 Mil (As of Jun. 2020)

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What is Manulife Floating Rate Senior Loan Fund Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Manulife Floating Rate Senior Loan Fund's accounts receivables for the quarter that ended in Jun. 2020 was C$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. Manulife Floating Rate Senior Loan Fund's Net-Net Working Capital per share for the quarter that ended in Jun. 2020 was C$-3.46.

Manulife Floating Rate Senior Loan Fund Accounts Receivable Historical Data

The historical data trend for Manulife Floating Rate Senior Loan 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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Manulife Floating Rate Senior Loan Fund Accounts Receivable Chart

Manulife Floating Rate Senior Loan Fund Annual Data

Trend

Dec13

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Dec19

Accounts Receivable

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Manulife Floating Rate Senior Loan Fund Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Accounts Receivable	Get a 7-Day Free Trial										-	-	-	-	-

Manulife Floating Rate Senior Loan Fund Accounts Receivable Calculation

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

Manulife Floating Rate Senior Loan 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.

Manulife Floating Rate Senior Loan Fund's Days Sales Outstanding for the quarter that ended in Jun. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	-12.025	*	91
=

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Manulife Floating Rate Senior Loan Fund's accounts receivable are only considered to be worth 75% of book value:

Manulife Floating Rate Senior Loan Fund's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2020 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)
=	(7.402	+	0.75 * 0	+	0.5 * 0	-	42.334
-	0	-	0)	/	10.083
=	-3.46

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.

Manulife Floating Rate Senior Loan Fund Accounts Receivable Related Terms

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Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

200 Bloor Street East, North Tower, Toronto, ON, CAN, M4W 1E5

Website

http://www.manulifeim.ca

Manulife Floating Rate Senior Loan Fund is a Canada based closed-end investment fund. Its investment objective is to provide holders of units with monthly distributions; to preserve capital and to provide the opportunity for increased income if short-term interest rates rise. It is formed to invest in an actively managed portfolio of investments in senior floating rate loans and, to a lesser extent, short duration debt securities.

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