Veris Gold (Veris Gold) Change In Receivables : $1.1 Mil (TTM As of Sep. 2014)

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What is Veris Gold Change In Receivables?

Veris Gold's change in receivables for the quarter that ended in Sep. 2014 was $-2.7 Mil. It means Veris Gold's Accounts Receivable increased by $2.7 Mil from Jun. 2014 to Sep. 2014 .

Veris Gold's change in receivables for the fiscal year that ended in Dec. 2013 was $1.6 Mil. It means Veris Gold's Accounts Receivable declined by $1.6 Mil from Dec. 2012 to Dec. 2013 .

Veris Gold's Accounts Receivable for the quarter that ended in Sep. 2014 was $7.6 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. Veris Gold's Days Sales Outstanding for the three months ended in Sep. 2014 was 12.04.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Veris Gold's liquidation value for the three months ended in Sep. 2014 was $-265.0 Mil.

Veris Gold Change In Receivables Historical Data

The historical data trend for Veris Gold'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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Veris Gold Change In Receivables Chart

Veris Gold Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Change In Receivables

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-2.37

-0.78

-2.99

-0.64

1.59

Veris Gold Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Change In Receivables	Get a 7-Day Free Trial															-4.01	2.31	2.39	-0.93	-2.67

Veris Gold 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 Sep. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.1 Mil.

Veris Gold (OTCPK:YNGFF) 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.

Veris Gold's Days Sales Outstanding for the quarter that ended in Sep. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.557	/	57.252	*	91
=	12.04

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

Veris Gold's liquidation value for the quarter that ended in Sep. 2014 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.74	-	285.118	+	0.75 * 7.557	+	0.5 * 21.505
=	-265.0

Veris Gold Change In Receivables Related Terms

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Veris Gold (Veris Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Veris Gold Corp (OTCPK:YNGFF) » Definitions » Change In Receivables

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Address

688 West Hastings Street, Suite 900, Vancouver, BC, CAN, V6B 1P1

Website

http://www.verisgold.com

Veris Gold Corp is a Canadian based company engaged in the gold mining activities. It is engaged in the mining, exploration, and development of mineral properties located in Canada and the United States. The company primarily holds an interest in Jerritt Canyon gold mine located in Elko, Nevada; and the Ketza River property located in the Yukon Territory in Canada. Veris primarily explores for gold, silver, zinc, and copper properties.

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