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Cora Gold (LSE:CORA) Accounts Receivable : £0.00 Mil (As of Jun. 2024)


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What is Cora Gold Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cora Gold's accounts receivables for the quarter that ended in Jun. 2024 was £0.00 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. Cora Gold's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was £0.00.


Cora Gold Accounts Receivable Historical Data

The historical data trend for Cora 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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Cora Gold Accounts Receivable Chart

Cora Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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Cora Gold Semi-Annual Data
Dec14 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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Cora Gold Accounts Receivable Calculation

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


Cora 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.

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

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

Cora Gold's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(1.632+0.75 * 0+0.5 * 0-0.225
-0-0)/452.178
=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.


Cora Gold Accounts Receivable Related Terms

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Cora Gold Business Description

Traded in Other Exchanges
Address
Road Reef Marina, P.O. Box 3093, Rodus Building, Tortola, Road Town, VGB, VG1110
Cora Gold Ltd engages in the exploration and development of mineral projects in West Africa. It operates principally in the UK and West Africa, with operations managed on a project by project basis. Activities in the UK are administrative in nature whilst the activities in West Africa relate to exploration and evaluation. The company is engaged in limited field activities relating to the exploration of gold. The company's flagship project is the Sanankoro Gold Project comprising five contiguous permits: Bokoro II, Bokoro Est, Dako II, Kodiou and Sanankoro II located in southwest Mali. The company's other projects include Yanfolila Gold Belt and Diangounte and Madina Fulbe projects.

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