Hispania Resources (TSXV:ESPN) Accounts Receivable

: C$0.00 Mil (As of Sep. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hispania Resources's accounts receivables for the quarter that ended in Sep. 2023 was C$0.00 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. Hispania Resources's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was C$-0.03.

Hispania Resources Accounts Receivable Historical Data

The historical data trend for Hispania Resources'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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Hispania Resources Annual Data

Trend

Dec20

Dec21

Dec22

Accounts Receivable

0.01

Hispania Resources Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable						0.02	-	-	-	-

Hispania Resources Accounts Receivable Calculation

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

Hispania Resources 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.

Hispania Resources's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

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

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

Hispania Resources's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 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)
=	(0.112	+	0.75 * 0	+	0.5 * 0	-	1.708
-	0	-	0)	/	58.5102
=	-0.03

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.

Hispania Resources Accounts Receivable Related Terms

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Hispania Resources (TSXV:ESPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hispania Resources Inc (TSXV:ESPN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Toronto Street, Suite 602, Toronto, ON, CAN, M5C 2E3

Website

http://www.hispaniaresources.com

Hispania Resources Inc is an exploration and development company. This Company is focused on the acquisition, exploration, and development of mining properties in Spain. This company is engaged in developing the long-term mining potential of its core asset, the Zinc, Copper enriched Puebla de la Reina (PBR) property in the low-risk and historic mining district of Extremadura in Southwest Spain.

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