Virtus Global Multi-Sector (Virtus Global Multi-Sector) Accounts Receivable : $0.00 Mil (As of Nov. 2023)

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What is Virtus Global Multi-Sector Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Virtus Global Multi-Sector's accounts receivables for the quarter that ended in Nov. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Virtus Global Multi-Sector'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. Virtus Global Multi-Sector's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was $-3.80.

Virtus Global Multi-Sector Accounts Receivable Historical Data

The historical data trend for Virtus Global Multi-Sector'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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Virtus Global Multi-Sector Accounts Receivable Chart

Virtus Global Multi-Sector Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Accounts Receivable

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Virtus Global Multi-Sector Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Accounts Receivable	Get a 7-Day Free Trial								-	-	-	-	-

Virtus Global Multi-Sector Accounts Receivable Calculation

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

Virtus Global Multi-Sector 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.

Virtus Global Multi-Sector'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	/	3.326	*	91
=	0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Virtus Global Multi-Sector's accounts receivable are only considered to be worth 75% of book value:

Virtus Global Multi-Sector'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)
=	(2.336	+	0.75 * 0	+	0.5 * 0	-	45.359
-	0	-	0)	/	11.3131
=	-3.80

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.

Virtus Global Multi-Sector Accounts Receivable Related Terms

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Virtus Global Multi-Sector (Virtus Global Multi-Sector) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Global Multi-Sector Inc (NYSE:VGI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Munson Street, Greenfield, MA, USA, 01301-9683

Website

https://www.virtus.com

Virtus Global Multi-Sector Inc is a United States-based diversified, closed-end management investment company. Its investment objective is to maximize current income while preserving capital. The Fund seeks to achieve its investment objectives by capitalizing on opportunities across undervalued areas of the global bond markets.

Executives

Mcdaniel Connie D	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Sarah E Cogan	director	1633 BROADWAY, NEW YORK NY 10019
F Ford Drummond	director	100 N BROADWAY, OKLAHOMA CITY OK 73102
Deborah A Decotis	director	1633 BROADWAY, NEW YORK NY 10019
Richard W Smirl	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
R Keith Walton	director	100 PEARL STREET, HARTFORD CT 06103
John R Mallin	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Sidney E Harris	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara	director	150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Donald C Burke	director	C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
Rogers James B Jr	director	14 WESLEY STREET, HAMILTON D0 HM11
James M Oates	director	C/O INVESTORS FINANCIAL SERVICES CORP, 200 CLARENDON ST, BOSTON MA 02116
Thomas F. Mann	director	125 EAST ELM STREET, SUITE 200, CONSHOHOCKEN PA 19428
Benjamin Caron	other: Officer of the Sub-Adviser	C/O NEWFLEET ASSET MANAGEMENT, LLC, 100 PEARL STREET, HARTFORD CT 06103