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Atlantic Gold (ASX:AGB) Accounts Receivable : A$0.0 Mil (As of Mar. 2019)


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What is Atlantic Gold Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Atlantic Gold's accounts receivables for the quarter that ended in Mar. 2019 was A$0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Atlantic Gold's Days Sales Outstanding for the quarter that ended in Mar. 2019 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Atlantic Gold's Net-Net Working Capital per share for the quarter that ended in Mar. 2019 was A$-1.37.


Atlantic Gold Accounts Receivable Historical Data

The historical data trend for Atlantic Gold's Accounts Receivable 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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Atlantic Gold Accounts Receivable Chart

Atlantic Gold Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Accounts Receivable
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Atlantic Gold Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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Atlantic Gold Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Atlantic Gold Accounts Receivable 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 receivables are being managed.

Atlantic Gold's Days Sales Outstanding for the quarter that ended in Mar. 2019 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/32.094*91
=0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Atlantic Gold's accounts receivable are only considered to be worth 75% of book value:

Atlantic Gold's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2019 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(38.148+0.75 * 0+0.5 * 16.873-159.846
-0-0)/82.430
=-1.37

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Atlantic Gold Accounts Receivable Related Terms

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Atlantic Gold (ASX:AGB) Business Description

Traded in Other Exchanges
N/A
Address
595 Burrard Street, Suite 3083, P.O. Box 49298, Three Bentall Centre, Vancouver, BC, CAN, V7X 1L3
Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada.

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