MainStay MacKay DefinedTerm Municipal Opportunities Fund (MainStay MacKay DefinedTerm Municipal Opportunities Fund) Change In Receivables : $2.39 Mil (TTM As of Nov. 2023)

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What is MainStay MacKay DefinedTerm Municipal Opportunities Fund Change In Receivables?

MainStay MacKay DefinedTerm Municipal Opportunities Fund's change in receivables for the quarter that ended in Nov. 2023 was $1.64 Mil. It means MainStay MacKay DefinedTerm Municipal Opportunities Fund's Accounts Receivable declined by $1.64 Mil from May. 2023 to Nov. 2023 .

MainStay MacKay DefinedTerm Municipal Opportunities Fund's change in receivables for the fiscal year that ended in May. 2023 was $0.13 Mil. It means MainStay MacKay DefinedTerm Municipal Opportunities Fund's Accounts Receivable declined by $0.13 Mil from May. 2022 to May. 2023 .

MainStay MacKay DefinedTerm Municipal Opportunities Fund's Accounts Receivable for the quarter that ended in Nov. 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. MainStay MacKay DefinedTerm Municipal Opportunities Fund's Days Sales Outstanding for the six months ended in Nov. 2023 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. MainStay MacKay DefinedTerm Municipal Opportunities Fund's liquidation value for the six months ended in Nov. 2023 was $-186.44 Mil.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Change In Receivables Historical Data

The historical data trend for MainStay MacKay DefinedTerm Municipal Opportunities 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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MainStay MacKay DefinedTerm Municipal Opportunities Fund Change In Receivables Chart

MainStay MacKay DefinedTerm Municipal Opportunities Fund Annual Data

Trend

May18

May19

May20

May21

May22

May23

Change In Receivables

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-0.37

-15.20

14.39

0.13

MainStay MacKay DefinedTerm Municipal Opportunities Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Change In Receivables	Get a 7-Day Free Trial								-	-	-0.62	0.75	1.64

MainStay MacKay DefinedTerm Municipal Opportunities 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $2.39 Mil.

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) 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.

MainStay MacKay DefinedTerm Municipal 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	/	5.199	*	91
=	0.00

2. In Ben Graham's calculation of liquidation value, MainStay MacKay DefinedTerm Municipal Opportunities Fund's accounts receivable are only considered to be worth 75% of book value:

MainStay MacKay DefinedTerm Municipal Opportunities Fund's liquidation value for the quarter that ended in Nov. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	7.132	-	193.574	+	0.75 * 0	+	0.5 * 0
=	-186.44

MainStay MacKay DefinedTerm Municipal Opportunities Fund Change In Receivables Related Terms

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MainStay MacKay DefinedTerm Municipal Opportunities Fund (MainStay MacKay DefinedTerm Municipal Opportunities Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Madison Avenue, New York, NY, USA, 10010

Website

https://www.nylinvestments.com

MainStay MacKay DefinedTerm Municipal Opportunities Fund is a USA-based diversified closed-end management investment company. The fund's investment objective is to seek current income exempt from regular U.S. Federal income taxes as well as total return. The company may also invest in TOB (Tender Option Bonds) Floaters and TOB Residuals issued by the TOB Issuer. It evaluates its performance against Barclays Municipal Bond Index.

Executives

Michael Denlinger	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Naim Abou-jaoude	other: CEO, NY LIFE INVEST MGMENT LLC	200 ALDERSGATE STREET, C/O CANDRIAM, NORTH ENTRANCE, LONDON X0 EC1A4HD
Michael Petty	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Alain M Karaoglan	other: Chairman & Interim CEO	230 PARK AVENUE, NEW YORK NY 10169
Kevin M Gleason	officer: Chief Compliance Officer	30 HUDSON STREET, JERSEY CITY NJ 07302
Robert A Dimella	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Scott Sprauer	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Karen Hammond	other: Advisory Board Member	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Yie-hsin Hung	other: Executive Vice President	30 HUDSON STREET, JERSEY CITY NJ 07302
Jeffrey S Phlegar	other: CEO of Subadvisor
Yi-chia Kuo	officer: Chief Compliance Officer	30 HUDSON STREET, JERSEY CITY NJ 07302
Nolan Richard H Jr	director	51 MADISON AVENUE, NEW YORK NY 10010
John J Lawlor	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Kirk C Lehneis	officer: President	51 MADISON AVENUE, NEW YORK NY 10010
Stephen P. Fisher	officer: President	169 LACKAWANNA AVENUE, PARSIPPANY NJ 07054