Lithium Royalty (TSX:LIRC) Change In Receivables : C$-0.33 Mil (TTM As of Mar. 2024)

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What is Lithium Royalty Change In Receivables?

Lithium Royalty's change in receivables for the quarter that ended in Mar. 2024 was C$0.57 Mil. It means Lithium Royalty's Accounts Receivable declined by C$0.57 Mil from Dec. 2023 to Mar. 2024 .

Lithium Royalty's change in receivables for the fiscal year that ended in Dec. 2023 was C$-1.07 Mil. It means Lithium Royalty's Accounts Receivable increased by C$1.07 Mil from Dec. 2022 to Dec. 2023 .

Lithium Royalty's Accounts Receivable for the quarter that ended in Mar. 2024 was C$1.03 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. Lithium Royalty's Days Sales Outstanding for the three months ended in Mar. 2024 was 109.74.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Lithium Royalty's liquidation value for the three months ended in Mar. 2024 was C$8.25 Mil.

Lithium Royalty Change In Receivables Historical Data

The historical data trend for Lithium Royalty'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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Lithium Royalty Change In Receivables Chart

Lithium Royalty Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

0.03

0.22

-0.09

-0.18

-1.07

Lithium Royalty Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial								-0.20	-0.33	-2.09	1.52	0.57

Lithium Royalty 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 C$-0.33 Mil.

Lithium Royalty (TSX:LIRC) 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.

Lithium Royalty's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.027	/	0.854	*	91
=	109.74

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

Lithium Royalty'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)
=	12.613	-	5.13	+	0.75 * 1.027	+	0.5 * 0
=	8.25

Lithium Royalty Change In Receivables Related Terms

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Lithium Royalty (TSX:LIRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Royalty Corp (TSX:LIRC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

LITRF:USA X1Q:Germany

Address

1133 Yonge Street, 5th Floor, Toronto, ON, CAN, M4T 2Y7

Website

https://www.lithiumroyaltycorp.com

Lithium Royalty Corp is a lithium-focused royalty company organized in Canada. The firm with affiliates or joint venture partners has established a portfolio of royalties on mineral properties that supply and are expected to supply raw materials to support the electrification and decarbonization of the global economy.

Executives

Blair Levinsky

Director, Senior Officer

Lithium Royalty (TSX:LIRC) Headlines

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