Major Drilling Group International (Major Drilling Group International) Change In Receivables : $0.0 Mil (TTM As of Oct. 2023)

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What is Major Drilling Group International Change In Receivables?

Major Drilling Group International's change in receivables for the quarter that ended in Oct. 2023 was $0.0 Mil. It means Major Drilling Group International's Accounts Receivable stayed the same from Jul. 2023 to Oct. 2023 .

Major Drilling Group International's change in receivables for the fiscal year that ended in Apr. 2023 was $8.2 Mil. It means Major Drilling Group International's Accounts Receivable declined by $8.2 Mil from Apr. 2022 to Apr. 2023 .

Major Drilling Group International's Accounts Receivable for the quarter that ended in Oct. 2023 was $98.4 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. Major Drilling Group International's Days Sales Outstanding for the three months ended in Oct. 2023 was 59.49.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Major Drilling Group International's liquidation value for the three months ended in Oct. 2023 was $91.3 Mil.

Major Drilling Group International Change In Receivables Historical Data

The historical data trend for Major Drilling Group International'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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Major Drilling Group International Change In Receivables Chart

Major Drilling Group International Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Change In Receivables

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-0.68

15.66

-28.93

-20.52

8.25

Major Drilling Group International Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Major Drilling Group International 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Major Drilling Group International (OTCPK:MJDLF) 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.

Major Drilling Group International's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	98.392	/	150.927	*	91
=	59.49

2. In Ben Graham's calculation of liquidation value, Major Drilling Group International's accounts receivable are only considered to be worth 75% of book value:

Major Drilling Group International's liquidation value for the quarter that ended in Oct. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	67.435	-	93.386	+	0.75 * 98.392	+	0.5 * 86.962
=	91.3

Major Drilling Group International Change In Receivables Related Terms

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Major Drilling Group International (Major Drilling Group International) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Major Drilling Group International Inc (OTCPK:MJDLF) » Definitions » Change In Receivables

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Traded in Other Exchanges

3MJ:Germany MDI:Canada

Address

111 St. George Street, Suite 100, Moncton, NB, CAN, E1C 1T7

Website

https://www.majordrilling.com

Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which most of its revenue comes from Canada - the United States.

Major Drilling Group International (Major Drilling Group International) Headlines

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