Adamera Minerals (OTCPK:DDNFF) Accounts Receivable

: $0.03 Mil (As of Sep. 2022)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Adamera Minerals's accounts receivables for the quarter that ended in Sep. 2022 was $0.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Adamera Minerals's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $0.00.

Adamera Minerals Accounts Receivable Historical Data

The historical data trend for Adamera Minerals's Accounts Receivable 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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Adamera Minerals Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

0.02

Adamera Minerals Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Accounts Receivable																0.02	0.02	0.04	0.02	0.03

Adamera Minerals Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Adamera Minerals Accounts Receivable 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 receivables are being managed.

Adamera Minerals's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.033735662343504	/	0	*	91
=

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Adamera Minerals's accounts receivable are only considered to be worth 75% of book value:

Adamera Minerals's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.1680035984706	+	0.75 * 0.033735662343504	+	0.5 * 0	-	0.85988454906665
-	0	-	0)	/	222.648
=	0.00

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Adamera Minerals Accounts Receivable Related Terms

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Adamera Minerals (OTCPK:DDNFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Adamera Minerals Corp (OTCPK:DDNFF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

AQM:Germany ADZ:Canada

Address

1111 Melville Stree, Suite 1100, 11th floor, Vancouver, BC, CAN, V6E 3V6

Website

https://www.adamera.com

Adamera Minerals Corp is a Canadian mineral exploration company exploring for high-grade gold deposits in an established mining district of northeastern Washington State. The region has produced over 7,000,000 oz of gold historically, attesting to the potential for new discoveries. Adamera has spent over 8 years exploring and drilling prospective gold targets, establishing itself as the active explorer in the district. The company has 100% ownership of two other projects; Flag Hill and Empire Creek.

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