Renforth Resources (Renforth Resources) Change In Receivables : $0.09 Mil (TTM As of Dec. 2023)

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What is Renforth Resources Change In Receivables?

Renforth Resources's change in receivables for the quarter that ended in Dec. 2023 was $-0.09 Mil. It means Renforth Resources's Accounts Receivable increased by $0.09 Mil from Sep. 2023 to Dec. 2023 .

Renforth Resources's change in receivables for the fiscal year that ended in Dec. 2023 was $0.09 Mil. It means Renforth Resources's Accounts Receivable declined by $0.09 Mil from Dec. 2022 to Dec. 2023 .

Renforth Resources's Accounts Receivable for the quarter that ended in Dec. 2023 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. Renforth Resources's liquidation value for the three months ended in Dec. 2023 was $-0.17 Mil.

Renforth Resources Change In Receivables Historical Data

The historical data trend for Renforth 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.

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Renforth Resources Change In Receivables Chart

Renforth Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.04

0.01

0.04

-0.14

0.09

Renforth Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.13	-0.01	0.09	0.10	-0.09

Renforth 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.09 Mil.

Renforth Resources (OTCPK:RFHRF) 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.

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

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

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

Renforth Resources's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.266	-	0.435	+	0.75 * 0	+	0.5 * 0
=	-0.17

Renforth Resources Change In Receivables Related Terms

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Renforth Resources (Renforth Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Renforth Resources Inc (OTCPK:RFHRF) » Definitions » Change In Receivables

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9RR:Germany RFR:Canada

Address

955 Brock Road, Unit 1B, Pickering, ON, CAN, L1W 2X9

Website

https://www.renforthresources.com

Renforth Resources Inc is a mineral exploration company primarily engaged in the acquisition, exploration, and development of mineral properties in Canada. It explores gold and it holds an interest in properties such as Parbec Gold Project, Malartic West, Nixon Bartleman Property and Bousquet property.