Sokoman Minerals (TSXV:SIC) Change In Receivables : C$0.22 Mil (TTM As of Mar. 2024)

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What is Sokoman Minerals Change In Receivables?

Sokoman Minerals's change in receivables for the quarter that ended in Mar. 2024 was C$0.16 Mil. It means Sokoman Minerals's Accounts Receivable declined by C$0.16 Mil from Dec. 2023 to Mar. 2024 .

Sokoman Minerals's change in receivables for the fiscal year that ended in Jun. 2023 was C$0.25 Mil. It means Sokoman Minerals's Accounts Receivable declined by C$0.25 Mil from Jun. 2022 to Jun. 2023 .

Sokoman 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. Sokoman Minerals's liquidation value for the three months ended in Mar. 2024 was C$3.54 Mil.

Sokoman Minerals Change In Receivables Historical Data

The historical data trend for Sokoman 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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Sokoman Minerals Change In Receivables Chart

Sokoman Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Receivables

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-0.21

0.12

-0.09

-0.43

0.25

Sokoman 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															0.09	-0.06	-0.05	0.17	0.16

Sokoman 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$0.22 Mil.

Sokoman Minerals (TSXV:SIC) 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.

Sokoman 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
=	0.003	/	0	*	91
=

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

Sokoman 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)
=	3.882	-	0.347	+	0.75 * 0.003	+	0.5 * 0
=	3.54

Sokoman Minerals Change In Receivables Related Terms

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Sokoman Minerals (TSXV:SIC) Business Description

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SICNF:USA 3PJ1:Germany

Address

82 Richmond Street East, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1

Website

https://www.sokomanmineralscorp.com

Sokoman Minerals Corp is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The company's primary focus is its portfolio of gold projects: flagship, advanced-stage Moosehead, Crippleback Lake, and East Alder along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in north-central Newfoundland that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The company has also entered into a strategic alliance (the Alliance) with Benton Resources through three large-scale joint-venture properties including Grey River Gold, Golden Hope and Kepenkeck on the island of Newfoundland.

Executives