Portofino Resources (Portofino Resources) Change In Receivables : $-0.05 Mil (TTM As of Feb. 2024)

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What is Portofino Resources Change In Receivables?

Portofino Resources's change in receivables for the quarter that ended in Feb. 2024 was $0.02 Mil. It means Portofino Resources's Accounts Receivable declined by $0.02 Mil from Nov. 2023 to Feb. 2024 .

Portofino Resources's change in receivables for the fiscal year that ended in May. 2023 was $-0.02 Mil. It means Portofino Resources's Accounts Receivable increased by $0.02 Mil from May. 2022 to May. 2023 .

Portofino Resources's Accounts Receivable for the quarter that ended in Feb. 2024 was $0.04 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. Portofino Resources's liquidation value for the three months ended in Feb. 2024 was $-0.63 Mil.

Portofino Resources Change In Receivables Historical Data

The historical data trend for Portofino 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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Portofino Resources Change In Receivables Chart

Portofino Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Change In Receivables

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0.01

-0.12

-0.09

-0.02

Portofino Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial															-0.02	-0.02	-0.02	-0.04	0.02

Portofino 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.05 Mil.

Portofino Resources (OTCPK:PFFOF) 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.

Portofino Resources's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.044	/	0	*	91
=

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

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.056	-	0.721	+	0.75 * 0.044	+	0.5 * 0
=	-0.63

Portofino Resources Change In Receivables Related Terms

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Portofino Resources (Portofino Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Portofino Resources Inc (OTCPK:PFFOF) » Definitions » Change In Receivables

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POTA:Germany POR:Canada

Address

470 Granville Street, Suite 520, Vancouver, BC, CAN, V6C 1V5

Website

https://www.portofinoresources.com

Portofino Resources Inc is engaged in the acquisition, exploration, and development of mineral property assets in the Americas. Its South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario. In addition, it holds 100% interest in three Northwestern Ontario gold projects; the Gold Creek property, Sapawe West property and Melema West property located near Atikokan. It also shows interest in the Yergo Lithium Brine Project.

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