Richmond Minerals (TSXV:RMD) Change In Receivables : C$-0.02 Mil (TTM As of Nov. 2023)

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What is Richmond Minerals Change In Receivables?

Richmond Minerals's change in receivables for the quarter that ended in Nov. 2023 was C$-0.02 Mil. It means Richmond Minerals's Accounts Receivable increased by C$0.02 Mil from Aug. 2023 to Nov. 2023 .

Richmond Minerals's change in receivables for the fiscal year that ended in May. 2023 was C$0.02 Mil. It means Richmond Minerals's Accounts Receivable declined by C$0.02 Mil from May. 2022 to May. 2023 .

Richmond Minerals's Accounts Receivable for the quarter that ended in Nov. 2023 was C$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. Richmond Minerals's liquidation value for the three months ended in Nov. 2023 was C$-0.49 Mil.

Richmond Minerals Change In Receivables Historical Data

The historical data trend for Richmond 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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Richmond Minerals Change In Receivables Chart

Richmond Minerals Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Change In Receivables

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-0.02

-0.08

0.08

0.02

Richmond Minerals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Change In Receivables	Get a 7-Day Free Trial															0.02	-	-	-0.01	-0.02

Richmond 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.02 Mil.

Richmond Minerals (TSXV:RMD) 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.

Richmond Minerals's Days Sales Outstanding for the quarter that ended in Nov. 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, Richmond Minerals's accounts receivable are only considered to be worth 75% of book value:

Richmond Minerals's liquidation value for the quarter that ended in Nov. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.025	-	0.519	+	0.75 * 0	+	0.5 * 0
=	-0.49

Richmond Minerals Change In Receivables Related Terms

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Richmond Minerals (TSXV:RMD) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Richmond Minerals Inc (TSXV:RMD) » Definitions » Change In Receivables

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R520:Germany

Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

https://www.richmondminerals.com

Richmond Minerals Inc is a mineral exploration company. It is mainly engaged in base and precious metal mining and related activities, including exploration and development in Northern Ontario and Quebec. The company owns an interest in Probe Mines Borden Lake Gold Properties, Ridley Lake Project, Iamgold Jerome Mines, and Iamgold Cote Lake properties. The Company operates in one industry segment, Junior exploration and evaluation, but operates geographically in two countries, Canada and Austria.