Defense Metals (TSXV:DEFN) Change In Receivables : C$-0.14 Mil (TTM As of Dec. 2023)

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What is Defense Metals Change In Receivables?

Defense Metals's change in receivables for the quarter that ended in Dec. 2023 was C$-0.07 Mil. It means Defense Metals's Accounts Receivable increased by C$0.07 Mil from Sep. 2023 to Dec. 2023 .

Defense Metals's change in receivables for the fiscal year that ended in Mar. 2023 was C$0.02 Mil. It means Defense Metals's Accounts Receivable declined by C$0.02 Mil from Mar. 2022 to Mar. 2023 .

Defense Metals's Accounts Receivable for the quarter that ended in Dec. 2023 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. Defense Metals's liquidation value for the three months ended in Dec. 2023 was C$1.82 Mil.

Defense Metals Change In Receivables Historical Data

The historical data trend for Defense 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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Defense Metals Change In Receivables Chart

Defense Metals Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-0.03

0.02

-0.01

0.03

0.02

Defense Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.02	0.01	-0.07	-	-0.07

Defense 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 C$-0.14 Mil.

Defense Metals (TSXV:DEFN) 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.

Defense 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
=	0	/	0	*	91
=

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

Defense 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)
=	3.173	-	1.353	+	0.75 * 0	+	0.5 * 0
=	1.82

Defense Metals Change In Receivables Related Terms

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Defense Metals (TSXV:DEFN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Defense Metals Corp (TSXV:DEFN) » Definitions » Change In Receivables

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DFMTF:USA 35D:Germany

Address

228 - 1122 Mainland Street, Suite 605, Vancouver, BC, CAN, V6B 5L1

Website

https://www.defensemetals.com

Defense Metals Corp is a mineral exploration company focused on metals and elements commonly used in the EV market, military, national security, and "GREEN" energy technologies, such as high-strength alloys and rare earth magnets. It holds a portfolio of 100% of the 1,708 hectares of Rare Earth Wicheeda Property in British Columbia, Canada. The mineral deposits are commonly used in the electric power market, defence industry, national security sector, and in the production of green energy technologies.

Executives

Craig Taylor

Director