Summit Minerals (ASX:SUM) Change In Receivables : A$0.00 Mil (TTM As of Dec. 2023)

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What is Summit Minerals Change In Receivables?

Summit Minerals's change in receivables for the quarter that ended in Dec. 2023 was A$0.00 Mil. It means Summit Minerals's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

Summit Minerals's change in receivables for the fiscal year that ended in Jun. 2023 was A$0.00 Mil. It means Summit Minerals's Accounts Receivable stayed the same from . 20 to Jun. 2023 .

Summit Minerals's Accounts Receivable for the quarter that ended in Dec. 2023 was A$0.12 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. Summit Minerals's Days Sales Outstanding for the six months ended in Dec. 2023 was 327.43.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Summit Minerals's liquidation value for the six months ended in Dec. 2023 was A$1.98 Mil.

Summit Minerals Change In Receivables Historical Data

The historical data trend for Summit Minerals'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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Summit Minerals Change In Receivables Chart

Summit Minerals Annual Data

Trend

Jun23

Change In Receivables

Summit Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Change In Receivables	-	-	-

Summit Minerals 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.00 Mil.

Summit Minerals (ASX:SUM) 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.

Summit Minerals's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.122	/	0.068	*	91
=	327.43

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

Summit Minerals's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.194	-	0.309	+	0.75 * 0.122	+	0.5 * 0
=	1.98

Summit Minerals Change In Receivables Related Terms

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Summit Minerals (ASX:SUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Summit Minerals Ltd (ASX:SUM) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

389 Oxford Street, Level 1, Mount Hawthorn, WA, AUS, 6016

Website

https://www.summitminerals.com.au

Summit Minerals Ltd engages in acquiring, exploring, and developing battery mineral projects in Australia. It holds interest in the following projects: Stallion REE Uranium Project (WA), the Windfall Antimony Project (NSW), the Phillips River Lithium Project (WA), and the Northern REE Lithium Projects (WA), and the Bridgetown Lithium Projects (WA).