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First Mining Gold (TSX:FF) Accounts Receivable : C$0.00 Mil (As of Mar. 2024)


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What is First Mining Gold Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Mining Gold's accounts receivables for the quarter that ended in Mar. 2024 was C$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. First Mining Gold's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-0.05.


First Mining Gold Accounts Receivable Historical Data

The historical data trend for First Mining 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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First Mining Gold Accounts Receivable Chart

First Mining Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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First Mining Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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First Mining Gold Accounts Receivable Calculation

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


First Mining 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.

First Mining Gold's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

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

First Mining Gold'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)
=(7.838+0.75 * 0+0.5 * 0-50.935
-0-0)/918.429
=-0.05

* 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.


First Mining Gold Accounts Receivable Related Terms

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First Mining Gold (TSX:FF) Business Description

Traded in Other Exchanges
Address
1188 West Georgia Street, Suite 2070, Vancouver, BC, CAN, V6E 4A2
First Mining Gold Corp is engaged in the acquisition, exploration, development and selective disposition of its North American mineral properties. It is engaged in advancing a portfolio of gold projects in Canada, with the project being the Springpole Gold Project in northwestern Ontario. The company also holds an equity position in Treasury Metals which is advancing the Goliath Gold Complex toward construction. Its portfolio of gold projects in eastern Canada also includes Hope Brook, Cameron, Duparquet, Duquesne, and Pitt gold projects. In addition, the Company holds an interest in the PC Gold legal entity which holds the Pickle Crow gold project.
Executives
Keith Neumeyer Director

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