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Fjordland Exploration (TSXV:FEX) 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. Fjordland Exploration'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. Fjordland Exploration's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was C$0.01.

Fjordland Exploration Accounts Receivable Historical Data

The historical data trend for Fjordland Exploration'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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Fjordland Exploration Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
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Fjordland Exploration Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Fjordland Exploration Accounts Receivable Calculation

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

Fjordland Exploration 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.

Fjordland Exploration'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), Fjordland Exploration's accounts receivable are only considered to be worth 75% of book value:

Fjordland Exploration'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)
=(0.59+0.75 * 0+0.5 * 0-0.075
-0-0)/82.9355
=0.01

* 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.

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.

Fjordland Exploration Accounts Receivable Related Terms

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Fjordland Exploration (TSXV:FEX) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fjordland Exploration Inc (TSXV:FEX) » Definitions » Accounts Receivable
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Traded in Other Exchanges
FEXXF:USA
Address
1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6
Website
https://www.fjordlandex.com
Fjordland Exploration Inc is a Canada-based exploration-stage company. It is engaged in the exploration of mineral properties. The company's projects include South Voisey's Bay Project, Renzy Nickel-Copper Project, Witch Project, and Milligan West Project. The Company has one operating segment, mineral acquisition, and exploration, and operates in one geographical segment, Canada.