VAR Resources (TSXV:VAR) Accounts Receivable : C$0.00 Mil (As of Jul. 2022)

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What is VAR Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. VAR Resources's accounts receivables for the quarter that ended in Jul. 2022 was C$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. VAR Resources's Net-Net Working Capital per share for the quarter that ended in Jul. 2022 was C$-0.00.

VAR Resources Accounts Receivable Historical Data

The historical data trend for VAR Resources'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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VAR Resources Accounts Receivable Chart

VAR Resources Annual Data

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Accounts Receivable

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VAR Resources Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Accounts Receivable	Get a 7-Day Free Trial															0.01	-	-	0.01	-

VAR Resources Accounts Receivable Calculation

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

VAR Resources 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.

VAR Resources's Days Sales Outstanding for the quarter that ended in Jul. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.004	/	0	*	91
=

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

VAR Resources's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2022 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)
=	(0.092	+	0.75 * 0.004	+	0.5 * 0	-	0.14
-	0	-	0)	/	13.7903
=	-0.00

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.

VAR Resources Accounts Receivable Related Terms

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