Magna Mining (TSXV:NICU) Change In Receivables : C$-0.62 Mil (TTM As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Magna Mining Change In Receivables?

Magna Mining's change in receivables for the quarter that ended in Mar. 2024 was C$-0.30 Mil. It means Magna Mining's Accounts Receivable increased by C$0.30 Mil from Dec. 2023 to Mar. 2024 .

Magna Mining's change in receivables for the fiscal year that ended in Dec. 2023 was C$-0.27 Mil. It means Magna Mining's Accounts Receivable increased by C$0.27 Mil from Dec. 2022 to Dec. 2023 .

Magna Mining's Accounts Receivable for the quarter that ended in Mar. 2024 was C$1.19 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. Magna Mining's liquidation value for the three months ended in Mar. 2024 was C$3.11 Mil.

Magna Mining Change In Receivables Historical Data

The historical data trend for Magna Mining'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.

* Premium members only.

Magna Mining Change In Receivables Chart

Magna Mining Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.01

-0.44

-0.11

-0.27

Magna Mining Quarterly Data
	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												0.06	-0.06	-0.34	0.07	-0.30

Magna Mining 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$-0.62 Mil.

Magna Mining (TSXV:NICU) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.185	/	0	*	91
=

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

Magna Mining'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)
=	7.59	-	5.37	+	0.75 * 1.185	+	0.5 * 0
=	3.11

Magna Mining Change In Receivables Related Terms

Thank you for viewing the detailed overview of Magna Mining's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Magna Mining (TSXV:NICU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Mining Inc (TSXV:NICU) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MGMNF:USA 8YD:Germany

Address

45 Oak Street, Box 103, Dowling, ON, CAN, P0M 1R0

Website

https://www.magnamining.com

Magna Mining Inc is a Sudbury-focused base metal exploration and development company. It is prospective for nickel, copper, and PGM discoveries. Its projects include the Shakespeare Project and the Shining Tree Project. It has one reportable operating segment, being the acquisition, exploration and development of mineral properties. The Company's assets are located in Canada.

Executives

Dundee Corporation

10% Security Holder

Magna Mining (TSXV:NICU) Headlines

No Headlines