Omai Gold Mines (TSXV:OMG) Change In Receivables : C$0.07 Mil (TTM As of Dec. 2023)

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What is Omai Gold Mines Change In Receivables?

Omai Gold Mines's change in receivables for the quarter that ended in Dec. 2023 was C$-0.08 Mil. It means Omai Gold Mines's Accounts Receivable increased by C$0.08 Mil from Sep. 2023 to Dec. 2023 .

Omai Gold Mines's change in receivables for the fiscal year that ended in Dec. 2023 was C$0.06 Mil. It means Omai Gold Mines's Accounts Receivable declined by C$0.06 Mil from Dec. 2022 to Dec. 2023 .

Omai Gold Mines'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. Omai Gold Mines's liquidation value for the three months ended in Dec. 2023 was C$-0.55 Mil.

Omai Gold Mines Change In Receivables Historical Data

The historical data trend for Omai Gold Mines'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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Omai Gold Mines Change In Receivables Chart

Omai Gold Mines Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Change In Receivables

0.01

-0.01

-0.02

-0.23

0.06

Omai Gold Mines Quarterly Data
	Sep19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial										-0.29	0.19	-0.04	-0.01	-0.08

Omai Gold Mines 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$0.07 Mil.

Omai Gold Mines (TSXV:OMG) 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.

Omai Gold Mines'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, Omai Gold Mines's accounts receivable are only considered to be worth 75% of book value:

Omai Gold Mines'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)
=	0.639	-	1.186	+	0.75 * 0	+	0.5 * 0
=	-0.55

Omai Gold Mines Change In Receivables Related Terms

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Omai Gold Mines (TSXV:OMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omai Gold Mines Corp (TSXV:OMG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

OMGGF:USA 0N2:Germany

Address

130 King Street West, Suite 3680, Toronto, ON, CAN, M5X 1B1

Website

https://www.omaigoldmines.com

Omai Gold Mines Corp is a mineral exploration company. Its Omai gold mine is located in Guyana, on the North coast of South America. The mine has two open pits: the Fennell pit and the Wenot pit. Its other project is Grenfell Property.

Executives

Derek Macpherson

Director