Angel Wing Metals (TSXV:AWM) Change In Receivables : C$-0.52 Mil (TTM As of Sep. 2023)

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What is Angel Wing Metals Change In Receivables?

Angel Wing Metals's change in receivables for the quarter that ended in Sep. 2023 was C$-0.05 Mil. It means Angel Wing Metals's Accounts Receivable increased by C$0.05 Mil from Jun. 2023 to Sep. 2023 .

Angel Wing Metals's change in receivables for the fiscal year that ended in Dec. 2022 was C$-0.26 Mil. It means Angel Wing Metals's Accounts Receivable increased by C$0.26 Mil from Dec. 2021 to Dec. 2022 .

Angel Wing Metals's Accounts Receivable for the quarter that ended in Sep. 2023 was C$0.02 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. Angel Wing Metals's liquidation value for the three months ended in Sep. 2023 was C$2.64 Mil.

Angel Wing Metals Change In Receivables Historical Data

The historical data trend for Angel Wing Metals'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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Angel Wing Metals Change In Receivables Chart

Angel Wing Metals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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0.02

0.01

-0.01

-0.03

-0.26

Angel Wing Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															0.03	-0.24	-0.19	-0.04	-0.05

Angel Wing Metals 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.52 Mil.

Angel Wing Metals (TSXV:AWM) 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.

Angel Wing Metals's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.018	/	0	*	91
=

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

Angel Wing Metals's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.903	-	0.278	+	0.75 * 0.018	+	0.5 * 0
=	2.64

Angel Wing Metals Change In Receivables Related Terms

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Angel Wing Metals (TSXV:AWM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Angel Wing Metals Inc (TSXV:AWM) » Definitions » Change In Receivables

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HEXPF:USA

Address

82 Richmond Street East, Suite 1000, Toronto, ON, CAN, M5C 1P1

Website

https://www.angelwingmetals.com

Angel Wing Metals Inc is focused on the exploration and development of its portfolio of precious metals properties in Mexico and Canada. The company's flagship El Grande gold project covers approximately 550 square kilometers in the southern extension of the prolific Sierra Madre Occidental gold-silver belt in the state of Nayarit, Mexico, and demonstrates significant gold and silver mineralization. It also owns two early-stage gold exploration projects in Northwestern Ontario. The Winora Project is located near Lingman lake, 325 km north of Red Lake, and Quartz Lake Project which is located 50km east of the prolific Red Lake district. The Company operates in one industry segment, namely the exploration of mineral resources in two geographic regions, Canada and Mexico.

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