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Canstar Resources (Canstar Resources) Accounts Receivable : $0.01 Mil (As of Dec. 2023)


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What is Canstar Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Canstar Resources's accounts receivables for the quarter that ended in Dec. 2023 was $0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Canstar Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.00.


Canstar Resources Accounts Receivable Historical Data

The historical data trend for Canstar Resources'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.

* Premium members only.

Canstar Resources Accounts Receivable Chart

Canstar Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.06 0.41 0.02

Canstar Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.31 0.36 0.02 0.03 0.01

Canstar Resources Accounts Receivable Calculation

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


Canstar Resources 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.

Canstar Resources's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.014/0*91
=

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

Canstar Resources's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=(0.25+0.75 * 0.014+0.5 * 0-0.116
-0-0)/113.976
=0.00

* 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.


Canstar Resources Accounts Receivable Related Terms

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Canstar Resources (Canstar Resources) Business Description

Traded in Other Exchanges
Address
220 Bay Street, Suite 550, Toronto, ON, CAN, M5J 2W4
Canstar Resources Inc is focused on creating shareholder value through the discovery and development of economic mineral deposits in Newfoundland and Labrador, Canada. The company has an option to acquire a 100% interest in the Golden Baie Project in south-central Newfoundland, a claim package with recently discovered, multiple outcropping gold occurrences on a structural trend. It also holds the Buchans-Mary March project and other mineral exploration properties in Newfoundland.

Canstar Resources (Canstar Resources) Headlines

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