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KLDCF (Kenorland Minerals) Accounts Receivable : $0.11 Mil (As of Sep. 2024)


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What is Kenorland Minerals Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kenorland Minerals's accounts receivables for the quarter that ended in Sep. 2024 was $0.11 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kenorland Minerals's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 25.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kenorland Minerals's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $0.21.


Kenorland Minerals Accounts Receivable Historical Data

The historical data trend for Kenorland Minerals'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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Kenorland Minerals Accounts Receivable Chart

Kenorland Minerals Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
0.01 0.05 0.13 0.13 0.11

Kenorland Minerals Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.40 0.11 0.64 0.10 0.11

Kenorland Minerals Accounts Receivable Calculation

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


Kenorland Minerals 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.

Kenorland Minerals's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.11/0.398*91
=25.22

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

Kenorland Minerals's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(22.562+0.75 * 0.11+0.5 * 0-6.457
-0-0)/75.699
=0.21

* 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.


Kenorland Minerals Accounts Receivable Related Terms

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Kenorland Minerals Business Description

Traded in Other Exchanges
Address
1570-1111 West Georgia Street, Vancouver, BC, CAN, V6E 4M3
Kenorland Minerals Ltd operates as a mineral exploration company. It has one operating segment, which is the exploration of mineral properties. The company focuses on the identification, acquisition, and exploration of mineral properties. Kenorland Minerals serves customers around the world. Its projects include the Frotet project, Healy project, and Tanacross project, among others.