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Western Atlas Resources (TSXV:WA) Accounts Receivable : C$0.00 Mil (As of Mar. 2024)


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What is Western Atlas Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Western Atlas Resources's accounts receivables for the quarter that ended in Mar. 2024 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. Western Atlas Resources's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-0.00.


Western Atlas Resources Accounts Receivable Historical Data

The historical data trend for Western Atlas 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.

* Premium members only.

Western Atlas Resources Accounts Receivable Chart

Western Atlas Resources Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.01 0.02 -

Western Atlas Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.01 - - -

Western Atlas Resources Accounts Receivable Calculation

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


Western Atlas 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.

Western Atlas Resources's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.001/0*91
=

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

Western Atlas Resources's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(0.022+0.75 * 0.001+0.5 * 0-0.49
-0-0)/117.853
=-0.00

* 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.


Western Atlas Resources Accounts Receivable Related Terms

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Western Atlas Resources (TSXV:WA) Business Description

Traded in Other Exchanges
Address
666 Burrard Street, Suite 1700, Park Place, Vancouver, BC, CAN, V6C 2X8
Western Atlas Resources Inc is a mineral exploration company operating in Canada. It has one reportable operating segment in one country, being the exploration of mineral resource properties in Canada. It is principally engaged in the discovery, acquisition, and development of mineral deposits in premier mining jurisdictions. The projects of the company include the Meadowbank project.
Executives
Serafino Iacono 10% Security Holder, Director

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