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QMC Quantum Minerals (QMC Quantum Minerals) Accounts Receivable : $0.00 Mil (As of Feb. 2024)


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What is QMC Quantum Minerals Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. QMC Quantum Minerals's accounts receivables for the quarter that ended in Feb. 2024 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. QMC Quantum Minerals's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $-0.02.


QMC Quantum Minerals Accounts Receivable Historical Data

The historical data trend for QMC Quantum Minerals'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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QMC Quantum Minerals Accounts Receivable Chart

QMC Quantum Minerals Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Accounts Receivable
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QMC Quantum Minerals Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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QMC Quantum Minerals Accounts Receivable Calculation

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


QMC Quantum Minerals 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.

QMC Quantum Minerals's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

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

QMC Quantum Minerals's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 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)
=(0.215+0.75 * 0+0.5 * 0-2.169
-0-0)/96.1108
=-0.02

* 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.


QMC Quantum Minerals Accounts Receivable Related Terms

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QMC Quantum Minerals (QMC Quantum Minerals) Business Description

Traded in Other Exchanges
Address
755 Burrard Street, Suite 440, Vancouver, BC, CAN, V6Z 1X6
QMC Quantum Minerals Corp is a company engaged in the acquisition, exploration and development of resource properties. Its objective is to acquire, locate and develop economic deposits within the company's precious, base, rare metal resource properties of merit. The company's properties include the Irgon Lithium Mine Project, the Rocky Lake property, Rocky-Namew and Namew Lake properties.

QMC Quantum Minerals (QMC Quantum Minerals) Headlines