Battery Mineral Resources (TSXV:BMR) Accounts Receivable : C$1.70 Mil (As of Mar. 2024)

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What is Battery Mineral Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Battery Mineral Resources's accounts receivables for the quarter that ended in Mar. 2024 was C$1.70 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Battery Mineral Resources's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 49.16.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Battery Mineral Resources's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-0.33.

Battery Mineral Resources Accounts Receivable Historical Data

The historical data trend for Battery Mineral 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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Battery Mineral Resources Accounts Receivable Chart

Battery Mineral Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

1.62

1.59

2.82

Battery Mineral Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial												1.59	1.97	2.97	2.82	1.70

Battery Mineral Resources Accounts Receivable Calculation

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

Battery Mineral 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.

Battery Mineral 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
=	1.703	/	3.161	*	91
=	49.16

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

Battery Mineral 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)
=	(7.673	+	0.75 * 1.703	+	0.5 * 0	-	69.505
-	0	-	0)	/	180.82
=	-0.33

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.

Battery Mineral Resources Accounts Receivable Related Terms

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Battery Mineral Resources (TSXV:BMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Battery Mineral Resources Corp (TSXV:BMR) » Definitions » Accounts Receivable

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Traded in Other Exchanges

BTRMF:USA

Address

1040 West Georgia Street, Suite 1900, Vancouver, BC, CAN, V6E 4H3

Website

https://www.bmrcorp.com

Battery Mineral Resources Corp is a multi-commodity resource company. It holds resource interests including copper, cobalt, lithium, and graphite properties. The company is engaged in the discovery, acquisition and development of battery metals and precious metals mining projects in Canada with additional cobalt, lithium and graphite projects in the United States and South Korea.

Executives