LOMEF (Black Spruce Exploration) Accounts Receivable: $0.04 Mil (As of Mar. 2026)

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What is Black Spruce Exploration Accounts Receivable?

Black Spruce Exploration LOMEF Accounts Receivable is $0.04 Mil as of Mar. 2026. The stock has 2 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Black Spruce Exploration's accounts receivables for the quarter that ended in Mar. 2026 was $0.04 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. Black Spruce Exploration's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was $-0.07.

Black Spruce Exploration 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.

Black Spruce Exploration's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.041/0*91
=

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

Black Spruce Exploration's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2026 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)
=(0.001+0.75 * 0.041+0.5 * 0-2.065
-0-0)/27.631
=-0.07

* 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.

Black Spruce Exploration Accounts Receivable Related Terms

Black Spruce Exploration Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Black Spruce Exploration'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.

Black Spruce Exploration Accounts Receivable Chart

Black Spruce Exploration Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.03 0.03 0.06

Black Spruce Exploration Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.06 0.06 0.07 0.07 0.04

Black Spruce Exploration Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.04 Mil mean?
Black Spruce Exploration (LOMEF) has a Accounts Receivable of $0.04 Mil as of Mar. 2026. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Black Spruce Exploration and its competitors.
Is Black Spruce Exploration's Accounts Receivable too high?
Black Spruce Exploration's current Accounts Receivable is $0.04 Mil.
How does Black Spruce Exploration's Accounts Receivable compare to competitors?
Black Spruce Exploration's Accounts Receivable of $0.04 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Metals & Mining company?
A good Accounts Receivable depends on the Metals & Mining industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Black Spruce Exploration and its competitors. Black Spruce Exploration's current Accounts Receivable is $0.04 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Spruce Exploration stock overvalued right now?
Black Spruce Exploration (LOMEF) has a current Accounts Receivable of $0.04 Mil. The current Accounts Receivable is $0.04 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Black Spruce Exploration (LOMEF), the current Accounts Receivable is $0.04 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Black Spruce Exploration Business Description

Other Exchanges BARK:Canada
Address 200 Burrard Street, Suite 1615, Vancouver, BC, CAN, V6C 3L6
Black Spruce Exploration Inc, formerly Lithium One Metals Inc is engaged in the exploration and evaluation of resource properties in North America. It is a lithium explorer with its projects in Ontario and Quebec, and its projects include Sirmac Property, Taycan Property, Root South Property, Sharp Property, and others.