Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Change In Receivables : $-8.3 Mil (TTM As of Dec. 2023)

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What is Labrador Iron Ore Royalty Change In Receivables?

Labrador Iron Ore Royalty's change in receivables for the quarter that ended in Dec. 2023 was $-7.6 Mil. It means Labrador Iron Ore Royalty's Accounts Receivable increased by $7.6 Mil from Sep. 2023 to Dec. 2023 .

Labrador Iron Ore Royalty's change in receivables for the fiscal year that ended in Dec. 2023 was $-8.3 Mil. It means Labrador Iron Ore Royalty's Accounts Receivable increased by $8.3 Mil from Dec. 2022 to Dec. 2023 .

Labrador Iron Ore Royalty's Accounts Receivable for the quarter that ended in Dec. 2023 was $40.1 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. Labrador Iron Ore Royalty's Days Sales Outstanding for the three months ended in Dec. 2023 was 90.10.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Labrador Iron Ore Royalty's liquidation value for the three months ended in Dec. 2023 was $-92.5 Mil.

Labrador Iron Ore Royalty Change In Receivables Historical Data

The historical data trend for Labrador Iron Ore Royalty'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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Labrador Iron Ore Royalty Change In Receivables Chart

Labrador Iron Ore Royalty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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7.89

-17.32

6.76

5.10

-8.28

Labrador Iron Ore Royalty Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															11.42	-3.57	-5.30	8.12	-7.58

Labrador Iron Ore Royalty 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 quarterly data reported by the company within the most recent 12 months, which was $-8.3 Mil.

Labrador Iron Ore Royalty (OTCPK:LIFZF) 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.

Labrador Iron Ore Royalty's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	40.123	/	40.637	*	91
=	90.10

2. In Ben Graham's calculation of liquidation value, Labrador Iron Ore Royalty's accounts receivable are only considered to be worth 75% of book value:

Labrador Iron Ore Royalty'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)
=	9.833	-	132.463	+	0.75 * 40.123	+	0.5 * 0
=	-92.5

Labrador Iron Ore Royalty Change In Receivables Related Terms

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Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Labrador Iron Ore Royalty Corp (OTCPK:LIFZF) » Definitions » Change In Receivables

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LIF:Canada

Address

235 Water Street, P.O. Box 610, Suite 1000, Scotia Centre, St. John’s, NL, CAN, A1C 5L3

Website

https://www.labradorironore.com

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore. IOC is a Canadian producer of iron ore pellets and concentrate, serving customers worldwide.

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