Norandaome Fund (TSX:NIF.UN) Change In Receivables : C$-1 Mil (TTM As of Sep. 2022)

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What is Norandaome Fund Change In Receivables?

Norandaome Fund's change in receivables for the quarter that ended in Sep. 2022 was C$54 Mil. It means Norandaome Fund's Accounts Receivable declined by C$54 Mil from Jun. 2022 to Sep. 2022 .

Norandaome Fund's change in receivables for the fiscal year that ended in Dec. 2021 was C$-53 Mil. It means Norandaome Fund's Accounts Receivable increased by C$53 Mil from Dec. 2020 to Dec. 2021 .

Norandaome Fund's Accounts Receivable for the quarter that ended in Sep. 2022 was C$215 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. Norandaome Fund's Days Sales Outstanding for the three months ended in Sep. 2022 was 72.60.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Norandaome Fund's liquidation value for the three months ended in Sep. 2022 was C$-237 Mil.

Norandaome Fund Change In Receivables Historical Data

The historical data trend for Norandaome Fund'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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Norandaome Fund Change In Receivables Chart

Norandaome Fund Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Change In Receivables

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-71.51

-35.09

28.67

-13.28

-52.81

Norandaome Fund Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Change In Receivables	Get a 7-Day Free Trial															5.29	-41.26	-3.67	-9.78	53.65

Norandaome Fund 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1 Mil.

Norandaome Fund (TSX:NIF.UN) 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.

Norandaome Fund's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	215.246	/	270.548	*	91
=	72.60

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

Norandaome Fund's liquidation value for the quarter that ended in Sep. 2022 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.987	-	551.994	+	0.75 * 215.246	+	0.5 * 294.354
=	-237

Norandaome Fund Change In Receivables Related Terms

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Norandaome Fund (TSX:NIF.UN) Business Description

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Address

100 King Street West, First Canadian Place, Suite 6900, P.O. Box 403, Toronto, ON, CAN, M5X 1E3

Website

https://www.norandaincomefund.com

Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.

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