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Pasofino Gold (Pasofino Gold) Accounts Receivable : $0.06 Mil (As of Jan. 2024)


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What is Pasofino Gold Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pasofino Gold's accounts receivables for the quarter that ended in Jan. 2024 was $0.06 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. Pasofino Gold's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-0.16.


Pasofino Gold Accounts Receivable Historical Data

The historical data trend for Pasofino 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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Pasofino Gold Accounts Receivable Chart

Pasofino Gold Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Accounts Receivable
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Pasofino Gold Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Pasofino Gold Accounts Receivable Calculation

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


Pasofino 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.

Pasofino Gold's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.058/0*91
=

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

Pasofino Gold's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 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)
=(2.279+0.75 * 0.058+0.5 * 0-19.088
-0-0)/105.937
=-0.16

* 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.


Pasofino Gold Accounts Receivable Related Terms

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Pasofino Gold (Pasofino Gold) Business Description

Traded in Other Exchanges
Address
366 Bay Street, Suite 200, Toronto, ON, CAN, M5H 4B2
Pasofino Gold Ltd is a Canada-based gold exploration company. It is engaged in the business of acquisition, exploration, and development of mineral properties located in Quebec, Canada. The company's projects consist of Roger Gold-Copper Project, located in the Chibougamau Mining District, and Dugbe Gold Project.

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