GFG Resources (FRA:2GQ) Change In Receivables : €0.02 Mil (TTM As of Mar. 2024)

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What is GFG Resources Change In Receivables?

GFG Resources's change in receivables for the quarter that ended in Mar. 2024 was €0.06 Mil. It means GFG Resources's Accounts Receivable declined by €0.06 Mil from Dec. 2023 to Mar. 2024 .

GFG Resources's change in receivables for the fiscal year that ended in Jun. 2023 was €-0.03 Mil. It means GFG Resources's Accounts Receivable increased by €0.03 Mil from Jun. 2022 to Jun. 2023 .

GFG Resources's Accounts Receivable for the quarter that ended in Mar. 2024 was €0.00 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. GFG Resources's liquidation value for the three months ended in Mar. 2024 was €-0.13 Mil.

GFG Resources Change In Receivables Historical Data

The historical data trend for GFG Resources'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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GFG Resources Change In Receivables Chart

GFG Resources Annual Data

Trend

Feb14

Feb15

Feb16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Receivables

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0.09

-0.01

0.01

-0.03

GFG Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															0.04	-0.04	-0.01	0.01	0.06

GFG Resources 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.02 Mil.

GFG Resources (FRA:2GQ) 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.

GFG 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	/	0	*	91
=

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

GFG Resources's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.392	-	0.517	+	0.75 * 0	+	0.5 * 0
=	-0.13

GFG Resources Change In Receivables Related Terms

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GFG Resources (FRA:2GQ) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GFG Resources Inc (FRA:2GQ) » Definitions » Change In Receivables

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GFGSF:USA GFG:Canada

Address

202-640 Broadway Avenue, Saskatoon, SK, CAN, S7N 1A9

Website

https://www.gfgresources.com

GFG Resources Inc is a precious metals exploration company. Its principal business is to acquire, explore, and develop interests in exploration and evaluation assets. The company holds an interest in the Rattlesnake Hills Gold Property which is located southwest of Casper in Central Wyoming, U.S., and Pen Gold and Dore Gold Projects located in Ontario, Canada.

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