Patriot Battery Metals (Patriot Battery Metals) Change In Receivables : $-2.62 Mil (TTM As of Dec. 2023)

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What is Patriot Battery Metals Change In Receivables?

Patriot Battery Metals's change in receivables for the quarter that ended in Dec. 2023 was $-0.23 Mil. It means Patriot Battery Metals's Accounts Receivable increased by $0.23 Mil from Sep. 2023 to Dec. 2023 .

Patriot Battery Metals's change in receivables for the fiscal year that ended in Mar. 2023 was $-2.48 Mil. It means Patriot Battery Metals's Accounts Receivable increased by $2.48 Mil from Mar. 2022 to Mar. 2023 .

Patriot Battery Metals's Accounts Receivable for the quarter that ended in Dec. 2023 was $3.82 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. Patriot Battery Metals's liquidation value for the three months ended in Dec. 2023 was $57.29 Mil.

Patriot Battery Metals Change In Receivables Historical Data

The historical data trend for Patriot Battery Metals'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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Patriot Battery Metals Change In Receivables Chart

Patriot Battery Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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0.02

-0.37

-2.48

Patriot Battery Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.02	-1.74	-0.72	0.07	-0.23

Patriot Battery Metals 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 quarterly data reported by the company within the most recent 12 months, which was $-2.62 Mil.

Patriot Battery Metals (OTCPK:PMETF) 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.

Patriot Battery Metals's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.822	/	0	*	91
=

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

Patriot Battery Metals'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)
=	78.828	-	24.404	+	0.75 * 3.822	+	0.5 * 0
=	57.29

Patriot Battery Metals Change In Receivables Related Terms

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Patriot Battery Metals (Patriot Battery Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patriot Battery Metals Inc (OTCPK:PMETF) » Definitions » Change In Receivables

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Traded in Other Exchanges

R9G:Germany PMET:Canada PMT:Australia

Address

838 W Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.patriotbatterymetals.com

Patriot Battery Metals Inc is a mineral exploration company focused on the acquisition and development of mineral projects containing the battery, base and precious metals. The company's flagship assets are the wholly-owned Corvette Property, the FCI Property located in the James Bay Region of Quebec and the Freeman Creek Gold Property, located in Idaho, USA. In addition, the company holds the Pontax Lithium-Gold Property, QC; the Golden Silica Property, BC; and the Hidden Lake Lithium Property, NWT, where the company maintains a 40% interest, as well as several other assets in Canada.