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Fairchild Gold (TSXV:FAIR) Accounts Receivable : C$0.05 Mil (As of Nov. 2024)


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What is Fairchild Gold Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fairchild Gold's accounts receivables for the quarter that ended in Nov. 2024 was C$0.05 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. Fairchild Gold's Net-Net Working Capital per share for the quarter that ended in Nov. 2024 was C$-0.00.


Fairchild Gold Accounts Receivable Historical Data

The historical data trend for Fairchild 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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Fairchild Gold Accounts Receivable Chart

Fairchild Gold Annual Data
Trend Aug20 Aug21 Aug22 Aug23 Aug24
Accounts Receivable
- 0.03 0.01 0.03 0.05

Fairchild Gold Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.03 0.03 0.05 0.05

Fairchild Gold Accounts Receivable Calculation

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


Fairchild 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.053/0*91
=

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

Fairchild Gold's Net-Net Working Capital Per Share for the quarter that ended in Nov. 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)
=(0.336+0.75 * 0.053+0.5 * 0-0.619
-0-0)/56.887
=-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.


Fairchild Gold Accounts Receivable Related Terms

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Fairchild Gold Business Description

Traded in Other Exchanges
Address
789 West, Pender Street, Suite 1010, Vancouver, BC, CAN, V6C 1H2
Fairchild Gold Corp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada ,specifically gold, in North America. The Fairchild Lake Property located in the Patricia Mining Division, north-western Ontario consists of 25 single-cell and multi-cell claims. The Property lies in the western arm of the Savant Lake greenstone belt.
Executives
Michel Lebeuf Senior Officer
Nikolas Perrault 10% Security Holder
Robert Rosner Director, Senior Officer
Victor Cantore Director
Robert Coltura Senior Officer
Jonathan Christopher Lotz 10% Security Holder

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