Golden Spike Resources (XCNQ:GLDS) Change In Receivables : C$0.01 Mil (TTM As of Feb. 2024)

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What is Golden Spike Resources Change In Receivables?

Golden Spike Resources's change in receivables for the quarter that ended in Feb. 2024 was C$0.01 Mil. It means Golden Spike Resources's Accounts Receivable declined by C$0.01 Mil from Nov. 2023 to Feb. 2024 .

Golden Spike Resources's change in receivables for the fiscal year that ended in Aug. 2023 was C$0.01 Mil. It means Golden Spike Resources's Accounts Receivable declined by C$0.01 Mil from Aug. 2022 to Aug. 2023 .

Golden Spike Resources's Accounts Receivable for the quarter that ended in Feb. 2024 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. Golden Spike Resources's liquidation value for the three months ended in Feb. 2024 was C$0.22 Mil.

Golden Spike Resources Change In Receivables Historical Data

The historical data trend for Golden Spike 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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Golden Spike Resources Change In Receivables Chart

Golden Spike Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Change In Receivables

-0.02

0.01

Golden Spike Resources Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial								-0.02	0.02	-	0.01	0.01

Golden Spike 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.01 Mil.

Golden Spike Resources (XCNQ:GLDS) 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.

Golden Spike Resources's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

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

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

Golden Spike Resources's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.229	-	0.006	+	0.75 * 0	+	0.5 * 0
=	0.22

Golden Spike Resources Change In Receivables Related Terms

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Golden Spike Resources (XCNQ:GLDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Spike Resources Corp (XCNQ:GLDS) » Definitions » Change In Receivables

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GSPRF:USA

Address

830 - 1100 Melville Street, Vancouver, BC, CAN, V6E 4A6

Website

https://www.goldenspikeresources.com

Golden Spike Resources Corp is a mineral exploration company and its principal business is the acquisition and exploration of mineral properties with a focus on Canada. The company's property is the Camping Lake Project, consisting of five contiguous mineral claims covering an area of approximately 2,132.4 Ha northwest of Ear Falls in the Province of Ontario.

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