ACP (abrdnome Credit Strategies Fund) Change In Receivables : $-4.18 Mil (TTM As of Oct. 2024)

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What is abrdnome Credit Strategies Fund Change In Receivables?

abrdnome Credit Strategies Fund's change in receivables for the quarter that ended in Oct. 2024 was $-4.36 Mil. It means abrdnome Credit Strategies Fund's Accounts Receivable increased by $4.36 Mil from Apr. 2024 to Oct. 2024 .

abrdnome Credit Strategies Fund's change in receivables for the fiscal year that ended in Oct. 2024 was $-4.18 Mil. It means abrdnome Credit Strategies Fund's Accounts Receivable increased by $4.18 Mil from Oct. 2023 to Oct. 2024 .

abrdnome Credit Strategies Fund's Accounts Receivable for the quarter that ended in Oct. 2024 was $0.00 Mil.

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 Receivable are being managed. abrdnome Credit Strategies Fund's Days Sales Outstanding for the six months ended in Oct. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. abrdnome Credit Strategies Fund's liquidation value for the six months ended in Oct. 2024 was $-314.69 Mil.

abrdnome Credit Strategies Fund Change In Receivables Historical Data

The historical data trend for abrdnome Credit Strategies Fund's Change In Receivables 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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abrdnome Credit Strategies Fund Change In Receivables Chart

abrdnome Credit Strategies Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Change In Receivables

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-0.84

-2.05

1.33

0.18

-4.18

abrdnome Credit Strategies Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Change In Receivables	Get a 7-Day Free Trial										1.60	-3.03	3.21	0.18	-4.36

abrdnome Credit Strategies Fund Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Oct. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-4.18 Mil.

abrdnome Credit Strategies Fund (NYSE:ACP) Change In Receivables 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 Receivable are being managed.

abrdnome Credit Strategies Fund's Days Sales Outstanding for the quarter that ended in Oct. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	36.954	*	91
=	0.00

2. In Ben Graham's calculation of liquidation value, abrdnome Credit Strategies Fund's accounts receivable are only considered to be worth 75% of book value:

abrdnome Credit Strategies Fund's liquidation value for the quarter that ended in Oct. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.796	-	317.486	+	0.75 * 0	+	0.5 * 0
=	-314.69

abrdnome Credit Strategies Fund Change In Receivables Related Terms

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abrdnome Credit Strategies Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » abrdn Income Credit Strategies Fund (NYSE:ACP) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900 Market Street, Suite 200, Philadelphia, PA, USA, 19103

Website

https://www.abrdnacp.com

abrdn Income Credit Strategies Fund is a diversified, closed-end management investment company. Its investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It predominantly invests in debt and loan instruments of issues that operate in a variety of industries and geographic regions.

Executives

Peter Branner	other: Other - Director of Adviser	C/O ABRDN, 1900 MARKET STREET, PHILADELPHIA PA 19103
Jaclyn Marie Matsick	other: Director of Sub-Adviser	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Xavier Meyer	other: Director of Adviser	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Katie Lynn Gebauer	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Katherine A. Corey	officer: Vice President	1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Marika Tooze	other: Director of Sub-Adviser	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Grant Thomas Hotson	other: Director of Adviser	1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Matthew J. Kence	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Andrew Wonil Kim	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Robert W. Hepp	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Michael Marsico	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Brian Kordeck	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Heather Hasson	officer: Vice President	C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Neil Andrew Slater	other: Director of Adviser	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Stephen Bird	director	388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10022