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Guggenheim Strategic Opportunities Fund (Guggenheim Strategic Opportunities Fund) Accounts Receivable : $0.0 Mil (As of Nov. 2023)


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What is Guggenheim Strategic Opportunities Fund Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Guggenheim Strategic Opportunities Fund's accounts receivables for the quarter that ended in Nov. 2023 was $0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Guggenheim Strategic Opportunities Fund's Days Sales Outstanding for the quarter that ended in Nov. 2023 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. Guggenheim Strategic Opportunities Fund's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was $-3.86.

Guggenheim Strategic Opportunities Fund Accounts Receivable Historical Data

The historical data trend for Guggenheim Strategic Opportunities 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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Guggenheim Strategic Opportunities Fund Accounts Receivable Chart

Guggenheim Strategic Opportunities Fund Annual Data
Trend May17 May18 May19 May20 May21 May22 May23
Accounts Receivable
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Guggenheim Strategic Opportunities Fund Semi-Annual Data
May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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Guggenheim Strategic Opportunities Fund Accounts Receivable Calculation

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

Guggenheim Strategic Opportunities 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.

Guggenheim Strategic Opportunities Fund's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/72.555*91
=0.00

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

Guggenheim Strategic Opportunities Fund's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 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)
=(3.003+0.75 * 0+0.5 * 0-503.852
-0-0)/129.852
=-3.86

* 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.

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.

Guggenheim Strategic Opportunities Fund Accounts Receivable Related Terms

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Guggenheim Strategic Opportunities Fund (Guggenheim Strategic Opportunities Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Guggenheim Strategic Opportunities Fund (NYSE:GOF) » Definitions » Accounts Receivable
Comparable Companies
ECAT CLM BIGZ EVT BMEZ BCAT GSBD GAB NAC BTT BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
227 West Monroe Street, 7th Floor, Chicago, IL, USA, 60606
Website
https://www.guggenheiminvestments.com
Guggenheim Strategic Opportunities Fund is a diversified, closed-end management investment company. The investment objective of the firm is to maximize total return through a combination of current income and capital appreciation. The Fund seeks to combine a credit-managed fixed-income portfolio with access to a diversified pool of alternative investments and equity strategies.
Executives
Randall C Barnes director, other: Trustee 2455 CORPORATE WEST DRIVE, LISLE IL 60187
Angela Brock-kyle director, other: Trustee 3700 COLONNADE PARKWAY, BIRMINGHAM AL 35243
Toupin Ronald E Jr director, other: Trustee 117 ASHLAND AVENUE, RIVER FOREST IL 60305
Hollowell Iii Orenzo Perry other: Portfolio Manager 330 MADISON AVENUE, NEW YORK NY 10017
William Rehder officer: Assistant Vice President 227 W MONROE STREET, CHICAGO IL 60606
Lydon Thomas F Jr director, other: Trustee
Sandra G Sponem director, other: Trustee 800 NICOLLET MALL, J1012057, MINNEAPOLIS MN 55402-7020
Evan Loring Serdensky other: Portfolio Manager 227 WEST MONROE STREET, CHICAGO IL 60606
B. Scott Minerd other: Chief Investment Officer 2455 CORPORATE WEST DRIVE, LISLE IL 60532
Roman Iii Friedrich director, other: Trustee and Chairman 920-800 WEST PENDER STREET, VANCOUVER A1 V6C 2V6
Maynard F. Oliverius director, other: Trustee 2455 CORPORATE WEST DRIVE, LISLE IL 60532
Jon Szafran officer: Assistant Treasurer 227 W. MONROE STREET, CHICAGO IL 60606
Adam Bloch other: portfolio manager 2455 CORPORATE WEST DRIVE, LISLE IL 60532
Brian E. Binder officer: President and CEO C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 11752
Keith David Kemp officer: Assistant Treasurer MACQUARIE FUND ADVISER LLC, 125 WEST 55TH STREET, NEW YORK NY 10019