MGX Minerals (MGX Minerals) Change In Receivables : $0.27 Mil (TTM As of Apr. 2021)

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What is MGX Minerals Change In Receivables?

MGX Minerals's change in receivables for the quarter that ended in Apr. 2021 was $-0.01 Mil. It means MGX Minerals's Accounts Receivable increased by $0.01 Mil from Jan. 2021 to Apr. 2021 .

MGX Minerals's change in receivables for the fiscal year that ended in Jul. 2020 was $0.21 Mil. It means MGX Minerals's Accounts Receivable declined by $0.21 Mil from Jul. 2019 to Jul. 2020 .

MGX Minerals's Accounts Receivable for the quarter that ended in Apr. 2021 was $0.00 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. MGX Minerals's liquidation value for the three months ended in Apr. 2021 was $-12.42 Mil.

MGX Minerals Change In Receivables Historical Data

The historical data trend for MGX Minerals'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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MGX Minerals Change In Receivables Chart

MGX Minerals Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Change In Receivables

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-0.03

-0.34

-0.20

0.21

MGX Minerals Quarterly Data
	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21
Change In Receivables	Get a 7-Day Free Trial															-0.08	0.30	-0.01	-0.01	-0.01

MGX Minerals 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 Apr. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.27 Mil.

MGX Minerals (OTCPK:MGXMF) 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.

MGX Minerals's Days Sales Outstanding for the quarter that ended in Apr. 2021 is calculated as:

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

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

MGX Minerals's liquidation value for the quarter that ended in Apr. 2021 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.01	-	12.433	+	0.75 * 0	+	0.5 * 0
=	-12.42

MGX Minerals Change In Receivables Related Terms

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MGX Minerals (MGX Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MGX Minerals Inc (OTCPK:MGXMF) » Definitions » Change In Receivables

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Traded in Other Exchanges

N/A

Address

1080 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T1

Website

http://www.mgxminerals.com

MGX Minerals Inc is an exploration stage company engaged in the process of exploring its mineral properties in Canada. The company is a developer of lithium, magnesium and silicon projects. Its projects comprise Driftwood Creek project; Fran Gold project; Tillicum Gold project; Canada Lithium project; and Silica Projects.