NextSource Materials (TSX:NEXT) Change In Receivables : C$-1.57 Mil (TTM As of Mar. 2024)

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What is NextSource Materials Change In Receivables?

NextSource Materials's change in receivables for the quarter that ended in Mar. 2024 was C$0.31 Mil. It means NextSource Materials's Accounts Receivable declined by C$0.31 Mil from Dec. 2023 to Mar. 2024 .

NextSource Materials's change in receivables for the fiscal year that ended in Jun. 2023 was C$-0.62 Mil. It means NextSource Materials's Accounts Receivable increased by C$0.62 Mil from Jun. 2022 to Jun. 2023 .

NextSource Materials's Accounts Receivable for the quarter that ended in Mar. 2024 was C$0.66 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. NextSource Materials's liquidation value for the three months ended in Mar. 2024 was C$-8.78 Mil.

NextSource Materials Change In Receivables Historical Data

The historical data trend for NextSource Materials'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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NextSource Materials Change In Receivables Chart

NextSource Materials Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Receivables

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-0.04

0.07

-0.14

-0.67

-0.62

NextSource Materials 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															0.10	-0.37	-0.62	-0.90	0.31

NextSource Materials 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$-1.57 Mil.

NextSource Materials (TSX:NEXT) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.661	/	0	*	91
=

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

NextSource Materials'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)
=	25.593	-	35.523	+	0.75 * 0.661	+	0.5 * 1.309
=	-8.78

NextSource Materials Change In Receivables Related Terms

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NextSource Materials (TSX:NEXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NextSource Materials Inc (TSX:NEXT) » Definitions » Change In Receivables

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NSRCF:USA 1JWA:Germany

Address

130 King Street West, Exchange Tower, Suite 1940, Toronto, ON, CAN, M5X 2A2

Website

https://www.nextsourcematerials.com

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite. The company also holds an interest in Green Giant Vanadium Project.

Executives

Quentin Yarie

Director