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ARSLF (Altima Resources) Change In Receivables : $-0.33 Mil (TTM As of May. 2024)


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What is Altima Resources Change In Receivables?

Altima Resources's change in receivables for the quarter that ended in May. 2024 was $0.03 Mil. It means Altima Resources's Accounts Receivable declined by $0.03 Mil from Feb. 2024 to May. 2024 .

Altima Resources's change in receivables for the fiscal year that ended in Feb. 2024 was $-0.35 Mil. It means Altima Resources's Accounts Receivable increased by $0.35 Mil from Feb. 2023 to Feb. 2024 .

Altima Resources's Accounts Receivable for the quarter that ended in May. 2024 was $0.43 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. Altima Resources's Days Sales Outstanding for the three months ended in May. 2024 was 72.25.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Altima Resources's liquidation value for the three months ended in May. 2024 was $-11.45 Mil.


Altima Resources Change In Receivables Historical Data

The historical data trend for Altima Resources'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.

* Premium members only.

Altima Resources Change In Receivables Chart

Altima Resources Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Feb22 Feb23 Feb24
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 -0.10 - 0.04 -0.35

Altima Resources Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 -0.23 -0.03 -0.10 0.03

Altima Resources 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 May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.33 Mil.

* 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.


Altima Resources  (OTCPK:ARSLF) 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.

Altima Resources's Days Sales Outstanding for the quarter that ended in May. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.426/0.538*91
=72.25

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

Altima Resources's liquidation value for the quarter that ended in May. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.223-11.99+0.75 * 0.426+0.5 * 0
=-11.45

* 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.


Altima Resources Change In Receivables Related Terms

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Altima Resources Business Description

Traded in Other Exchanges
Address
595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5
Altima Resources Ltd is a junior energy company engaged in the exploration and development of petroleum and natural gas in Canada. The company operates in the petroleum and natural gas industry.

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