Vortex Energy (XCNQ:VRTX) Change In Receivables : C$-0.53 Mil (TTM As of Mar. 2024)

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What is Vortex Energy Change In Receivables?

Vortex Energy's change in receivables for the quarter that ended in Mar. 2024 was C$-0.16 Mil. It means Vortex Energy's Accounts Receivable increased by C$0.16 Mil from Dec. 2023 to Mar. 2024 .

Vortex Energy's change in receivables for the fiscal year that ended in Jun. 2023 was C$-0.14 Mil. It means Vortex Energy's Accounts Receivable increased by C$0.14 Mil from Jun. 2022 to Jun. 2023 .

Vortex Energy's Accounts Receivable for the quarter that ended in Mar. 2024 was C$0.56 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. Vortex Energy's liquidation value for the three months ended in Mar. 2024 was C$3.09 Mil.

Vortex Energy Change In Receivables Historical Data

The historical data trend for Vortex Energy'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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Vortex Energy Change In Receivables Chart

Vortex Energy Annual Data

Trend

Jun22

Jun23

Change In Receivables

-0.14

Vortex Energy Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial				-0.01	-0.11	-0.10	-0.16	-0.16

Vortex Energy 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$-0.53 Mil.

Vortex Energy (XCNQ:VRTX) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.563	/	0	*	91
=

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

Vortex Energy'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)
=	3.947	-	1.279	+	0.75 * 0.563	+	0.5 * 0
=	3.09

Vortex Energy Change In Receivables Related Terms

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Vortex Energy (XCNQ:VRTX) Business Description

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VTECF:USA AA3:Germany

Address

1177 West Hastings Street, Suite 1930, Vancouver, BC, CAN, V6E 4T5

Website

Vortex Energy Corp is engaged in the acquisition, exploration, staking, and evaluation of the green energy and/or mineral exploration sector. natural resource properties in North America.

Executives