Sarama Resources (Sarama Resources) Accounts Receivable : $0.00 Mil (As of Mar. 2024)

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What is Sarama Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sarama Resources's accounts receivables for the quarter that ended in Mar. 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. Sarama Resources's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.01.

Sarama Resources Accounts Receivable Historical Data

The historical data trend for Sarama Resources'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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Sarama Resources Accounts Receivable Chart

Sarama Resources Annual Data

Trend

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Accounts Receivable

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Sarama Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Sarama Resources Accounts Receivable Calculation

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

Sarama Resources 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.

Sarama Resources's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

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

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

Sarama Resources's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(0.223	+	0.75 * 0	+	0.5 * 0	-	1.222
-	0	-	0)	/	181.422
=	-0.01

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.

Sarama Resources Accounts Receivable Related Terms

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Sarama Resources (Sarama Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sarama Resources Ltd (OTCPK:SRMMF) » Definitions » Accounts Receivable

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Traded in Other Exchanges

SWA:Canada SRR:Australia

Address

245 Churchill Avenue, Suit 8, Subiaco, Perth, WA, AUS, 6008

Website

https://www.saramaresources.com

Sarama Resources Ltd is an exploration and development stage company with gold projects in Burkina Faso, West Africa. The company's key project is the 100%-owned Sanutura Project which hosts a multi-million-ounce mineral resource. It has additional exposure to exploration success through its 100% interest in the nearby Koumandara Project where early-stage exploration has defined several corridors of gold anomalism that extend up to 40km in length. It has one business segment, being the acquisition, exploration and potential development of mineral properties.