Asante Gold (Asante Gold) Change In Receivables : $2.5 Mil (TTM As of Oct. 2023)

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What is Asante Gold Change In Receivables?

Asante Gold's change in receivables for the quarter that ended in Oct. 2023 was $-2.6 Mil. It means Asante Gold's Accounts Receivable increased by $2.6 Mil from Jul. 2023 to Oct. 2023 .

Asante Gold's change in receivables for the fiscal year that ended in Jan. 2023 was $1.3 Mil. It means Asante Gold's Accounts Receivable declined by $1.3 Mil from Jan. 2022 to Jan. 2023 .

Asante Gold's Accounts Receivable for the quarter that ended in Oct. 2023 was $0.7 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. Asante Gold's Days Sales Outstanding for the three months ended in Oct. 2023 was 0.69.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Asante Gold's liquidation value for the three months ended in Oct. 2023 was $-671.8 Mil.

Asante Gold Change In Receivables Historical Data

The historical data trend for Asante 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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Asante Gold Change In Receivables Chart

Asante Gold Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Change In Receivables

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0.01

-0.15

1.33

Asante Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Change In Receivables	Get a 7-Day Free Trial															-1.47	3.28	-4.87	6.69	-2.58

Asante 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.5 Mil.

Asante Gold (OTCPK:ASGOF) 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.

Asante Gold's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.726	/	95.54	*	91
=	0.69

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

Asante Gold's liquidation value for the quarter that ended in Oct. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	22.811	-	724.137	+	0.75 * 0.726	+	0.5 * 58.014
=	-671.8

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Asante Gold (Asante Gold) Business Description

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

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Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.asantegold.com

Asante Gold Corp is an exploration stage company. It plans to capitalize on the gold-rich and growing mining environment by continuing to build assets through exploration, development, and acquisitions. The company is involved in the exploration and evaluation of mineral properties in Ghana, West Africa. The group portfolio consists of various projects namely Fahiakoba, Betanase, Keyhole, and Kubi and it generally explores gold deposits. The company has also acquired the Bibiani gold mine from Resolute Mining.

Asante Gold (Asante Gold) Headlines

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