Electric Royalties (TSXV:ELEC) Accounts Receivable : C$0.00 Mil (As of Mar. 2024)

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What is Electric Royalties Accounts Receivable?

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

Electric Royalties Accounts Receivable Historical Data

The historical data trend for Electric Royalties'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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Electric Royalties Accounts Receivable Chart

Electric Royalties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Electric Royalties Quarterly Data
	Jun19	Sep19	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														-	-	-	-	-

Electric Royalties Accounts Receivable Calculation

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

Electric Royalties 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.

Electric Royalties'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), Electric Royalties's accounts receivable are only considered to be worth 75% of book value:

Electric Royalties'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)
=	(0.173	+	0.75 * 0	+	0.5 * 0	-	4.676
-	0	-	0)	/	96.6015
=	-0.05

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.

Electric Royalties Accounts Receivable Related Terms

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Electric Royalties (TSXV:ELEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electric Royalties Ltd (TSXV:ELEC) » Definitions » Accounts Receivable

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Traded in Other Exchanges

ELECF:USA

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.electricroyalties.com

Electric Royalties Ltd is a royalty company established to take advantage of the demand for a wide range of commodities such as lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper that will benefit from the drive toward electrification of a variety of consumer products such as cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications. The Company's mineral royalty interests and deferred transaction costs, and investment in an associate are located in the following locations: Canada, United States of America, Southern Hemisphere, Norway and Others.

Executives

Stefan Gleason

10% Security Holder, Director

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