Africa Opportunity Fund (LSE:AOF) Change In Receivables : $0.23 Mil (TTM As of Dec. 2023)

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What is Africa Opportunity Fund Change In Receivables?

Africa Opportunity Fund's change in receivables for the quarter that ended in Dec. 2023 was $-0.01 Mil. It means Africa Opportunity Fund's Accounts Receivable increased by $0.01 Mil from Jun. 2023 to Dec. 2023 .

Africa Opportunity Fund's change in receivables for the fiscal year that ended in Dec. 2023 was $0.23 Mil. It means Africa Opportunity Fund's Accounts Receivable declined by $0.23 Mil from Dec. 2022 to Dec. 2023 .

Africa Opportunity Fund's Accounts Receivable for the quarter that ended in Dec. 2023 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Africa Opportunity Fund's liquidation value for the six months ended in Dec. 2023 was $-0.13 Mil.

Africa Opportunity Fund Change In Receivables Historical Data

The historical data trend for Africa Opportunity 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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Africa Opportunity Fund Change In Receivables Chart

Africa Opportunity Fund Annual Data

Trend

Dec12

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.07

-0.08

0.23

Africa Opportunity Fund Semi-Annual Data
	Jun12	Dec12	Jun13	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.04	-0.03	-0.05	0.24	-0.01

Africa Opportunity 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.23 Mil.

Africa Opportunity Fund (LSE:AOF) 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.

Africa Opportunity Fund'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	/	-1.022	*	91
=

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

Africa Opportunity Fund'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)
=	0.029	-	0.161	+	0.75 * 0	+	0.5 * 0
=	-0.13

Africa Opportunity Fund Change In Receivables Related Terms

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Africa Opportunity Fund (LSE:AOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Africa Opportunity Fund Ltd (LSE:AOF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Church Street, P.O. Box 309, George Town, Ugland House, Grand Cayman, CYM

Website

https://www.africaopportunityfund.com

Africa Opportunity Fund Ltd operates in United Kingdom's financial service sector and is a closed-end investment company formed with the objective of achieving capital growth and income through investments in value, arbitrage, and special situations opportunities derived from the continent of Africa. The Company is organized into one main operating segment, which invests in equity securities, debt instruments, and relative derivatives. All of the Company's activities are interrelated, and each activity is dependent on the others.

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