Gabelli Equity Trust (Gabelli Equity Trust) Change In Receivables : $-2.6 Mil (TTM As of Dec. 2023)

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What is Gabelli Equity Trust Change In Receivables?

Gabelli Equity Trust's change in receivables for the quarter that ended in Dec. 2023 was $0.0 Mil. It means Gabelli Equity Trust's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

Gabelli Equity Trust's change in receivables for the fiscal year that ended in Dec. 2023 was $-60.1 Mil. It means Gabelli Equity Trust's Accounts Receivable increased by $60.1 Mil from Dec. 2022 to Dec. 2023 .

Gabelli Equity Trust's Accounts Receivable for the quarter that ended in Dec. 2023 was $0.0 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Gabelli Equity Trust's liquidation value for the six months ended in Dec. 2023 was $-125.3 Mil.

Gabelli Equity Trust Change In Receivables Historical Data

The historical data trend for Gabelli Equity Trust'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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Gabelli Equity Trust Change In Receivables Chart

Gabelli Equity Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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3.42

-5.01

-60.14

Gabelli Equity Trust Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial									-	0.68	-5.69	3.11	-

Gabelli Equity Trust 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-2.6 Mil.

Gabelli Equity Trust (NYSE:GAB) 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.

Gabelli Equity Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

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

2. In Ben Graham's calculation of liquidation value, Gabelli Equity Trust's accounts receivable are only considered to be worth 75% of book value:

Gabelli Equity Trust's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.942	-	128.237	+	0.75 * 0	+	0.5 * 0
=	-125.3

Gabelli Equity Trust Change In Receivables Related Terms

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Gabelli Equity Trust (Gabelli Equity Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Equity Trust Inc (NYSE:GAB) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

GABpK.PFD:USA GABpH.PFD:USA GABpG.PFD:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Equity Trust Inc is a non-diversified closed-end management investment company. Its primary investment objective is long-term growth of capital with income as a secondary objective. The Fund invests at least 80% of its assets in equity securities under normal market conditions. Its equity portfolio includes common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities selected by the Investment Adviser. The company invests in various sectors, of which Food & Beverage, Financial Services, Equipment and Supplies, Entertainment, Consumer Products, Health Care, Diversified Industrial, Business Services, and Consumer Services accounts for the majority weightage.

Executives

Laura Linehan	director	C/O ONE CORPORATE CENTER, RYE, NY, RYE NY 10580
Elizabeth C Bogan	director	C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, MORRISTOWN NJ 07960
Leslie Fahrenkopf Foley	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Peter D. Goldstein	officer: Secretary	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
James P Conn	director
Salvatore J Zizza	director	810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019
Kuni Nakamura	director	1 MARTIN BUTLER COURT, RYE NY 10580
John Chester Ball	officer: Treasurer	800 CONNECTICUT AVENUE, NORWALK CT 06854
Ferrantino Michael J Jr	director	12 MARTINGALE LANE, ANDOVER MA 01810
Anthony R Pustorino	director	ONE CORPORATE CENTER, RYE NY 10580
Anthony J Colavita	director	ONE CORPORATE CENTER, RYE NY 10580
William F Heitmann	director	1095 AVENUE OF THE AMERICAS, ROOM 4140, NEW YORK NY 10036-6797
Gamco Investors, Inc. Et Al	other: Owner of Adviser	191 MASON STREET, GREENWICH CT 06830
Arthur V Ferrara	director	ONE CORPORATE CENTER, RYE NY 10580
Thomas E Bratter	director	ONE CORPORATE CENTER, RYE NY 10580