Blast Resources (XCNQ:BLST) Accounts Receivable : C$0.00 Mil (As of Oct. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Blast Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Blast Resources's accounts receivables for the quarter that ended in Oct. 2023 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. Blast Resources's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was C$-0.00.

Blast Resources Accounts Receivable Historical Data

The historical data trend for Blast 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.

Blast Resources Accounts Receivable Chart

Blast Resources Annual Data

Trend

Jan22

Jan23

Accounts Receivable

Blast Resources Quarterly Data
	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Accounts Receivable	Get a 7-Day Free Trial			-	-	-	-	-

Blast Resources Accounts Receivable Calculation

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

Blast 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.

Blast Resources's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

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

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

Blast Resources's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2023 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)
=	(0.028	+	0.75 * 0	+	0.5 * 0	-	0.04
-	0	-	0)	/	13.5369
=	-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.

Blast Resources Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Blast Resources's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Blast Resources (XCNQ:BLST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blast Resources Inc (XCNQ:BLST) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

580 Hornby Street, No. 380, Vancouver, BC, CAN, V6C 3B6

Website

Blast Resources Inc is a mineral exploration company engaged in acquiring, exploring, and evaluating resource properties. The Company holds the option to earn a 100% interest in the Property located near Vernon, Utah, United States in central Tooele County, Utah, United States. The Company's objective is to explore and, if warranted, develop the Property. The Company will evaluate opportunities to acquire interests in additional exploration-stage mineral properties.

Blast Resources (XCNQ:BLST) Headlines

No Headlines