NGEx Minerals (TSX:NGEX) Change In Receivables : C$5.14 Mil (TTM As of Mar. 2024)

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What is NGEx Minerals Change In Receivables?

NGEx Minerals's change in receivables for the quarter that ended in Mar. 2024 was C$-0.62 Mil. It means NGEx Minerals's Accounts Receivable increased by C$0.62 Mil from Dec. 2023 to Mar. 2024 .

NGEx Minerals's change in receivables for the fiscal year that ended in Dec. 2023 was C$2.11 Mil. It means NGEx Minerals's Accounts Receivable declined by C$2.11 Mil from Dec. 2022 to Dec. 2023 .

NGEx Minerals's Accounts Receivable for the quarter that ended in Mar. 2024 was C$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. NGEx Minerals's liquidation value for the three months ended in Mar. 2024 was C$49.45 Mil.

NGEx Minerals Change In Receivables Historical Data

The historical data trend for NGEx Minerals'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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NGEx Minerals Change In Receivables Chart

NGEx Minerals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.34

0.07

-0.89

-3.16

2.11

NGEx Minerals 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															-3.65	5.81	-1.16	1.11	-0.62

NGEx Minerals 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$5.14 Mil.

NGEx Minerals (TSX:NGEX) 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.

NGEx Minerals'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, NGEx Minerals's accounts receivable are only considered to be worth 75% of book value:

NGEx Minerals'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)
=	63.529	-	14.076	+	0.75 * 0	+	0.5 * 0
=	49.45

NGEx Minerals Change In Receivables Related Terms

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NGEx Minerals (TSX:NGEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NGEx Minerals Ltd (TSX:NGEX) » Definitions » Change In Receivables

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Traded in Other Exchanges

NGXXF:USA 2XM:Germany

Address

885 West Georgia Street, Suite 2000, HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.ngexminerals.com

NGEx Minerals Ltd is engaged in the acquisition, exploration, and development of mineral properties in South America. Its reportable segments are the Los Helados Project, the company's exploration projects in Argentina, other exploration projects, and the Company's corporate administration function.

Executives

Robert Gordon Carmichael

Senior Officer

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