Goldstorm Metals (Goldstorm Metals) Accounts Receivable : $0.05 Mil (As of Sep. 2023)

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What is Goldstorm Metals Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Goldstorm Metals's accounts receivables for the quarter that ended in Sep. 2023 was $0.05 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. Goldstorm Metals's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $0.00.

Goldstorm Metals Accounts Receivable Historical Data

The historical data trend for Goldstorm Metals'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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Goldstorm Metals Accounts Receivable Chart

Goldstorm Metals Annual Data

Trend

Mar22

Mar23

Accounts Receivable

0.03

Goldstorm Metals Quarterly Data
	Sep21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			-	-	0.03	0.02	0.05

Goldstorm Metals Accounts Receivable Calculation

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

Goldstorm Metals 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.

Goldstorm Metals's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.05	/	0	*	91
=

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

Goldstorm Metals's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(0.385	+	0.75 * 0.05	+	0.5 * 0	-	0.184
-	0	-	0)	/	64.1707
=	0.00

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.

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Goldstorm Metals (Goldstorm Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldstorm Metals Corp (OTCPK:GSTMF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

B2U:Germany GSTM:Canada

Address

999 West Hastings Street, Suite 789, Vancouver, BC, CAN, V6C 2W2

Website

https://www.goldstormmetals.com

Goldstorm Metals Corp is a metal exploration company. The company is a New Precious Metals Explorer in the Golden Triangle of British Columbia that hosts gold deposits in world. The company is involved in the acquisition and exploration of mineral properties in Canada focused on Crown projects.

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