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Nexus Gold (TSXV:NXS) Accounts Receivable : C$0.00 Mil (As of Oct. 2024)


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What is Nexus Gold Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nexus Gold's accounts receivables for the quarter that ended in Oct. 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. Nexus Gold's Net-Net Working Capital per share for the quarter that ended in Oct. 2024 was C$-0.04.


Nexus Gold Accounts Receivable Historical Data

The historical data trend for Nexus 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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Nexus Gold Accounts Receivable Chart

Nexus Gold Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Accounts Receivable
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Nexus Gold Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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Nexus Gold Accounts Receivable Calculation

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


Nexus 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.

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

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

Nexus Gold's Net-Net Working Capital Per Share for the quarter that ended in Oct. 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)
=(0.01+0.75 * 0+0.5 * 0-2.12
-0-0)/48.072
=-0.04

* 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.


Nexus Gold Accounts Receivable Related Terms

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Nexus Gold Business Description

Traded in Other Exchanges
Address
750 West Pender Street, Suite 802, Vancouver, BC, CAN, V6C 2T8
Nexus Gold Corp is a Canadian based company with a portfolio of ten exploration projects in West Africa and Canada. The West African-based portfolio totals five projects located on active gold belts and mineralized trends, while its 100% owned Canadian projects include the flagship McKenzie Gold Project in Red Lake, Ontario. The company is focused on developing several core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its growing portfolio.
Executives
Warren Robb Director
Alexander Klenman Director
Deena Marie Siblock Senior Officer

Nexus Gold Headlines

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