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Teras Resources (TSXV:TRA) Accounts Receivable : C$0.00 Mil (As of Feb. 2023)


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What is Teras Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Teras Resources's accounts receivables for the quarter that ended in Feb. 2023 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. Teras Resources's Net-Net Working Capital per share for the quarter that ended in Feb. 2023 was C$-0.00.


Teras Resources Accounts Receivable Historical Data

The historical data trend for Teras 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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Teras Resources Accounts Receivable Chart

Teras Resources Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
Accounts Receivable
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Teras Resources Quarterly Data
May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23
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Teras Resources Accounts Receivable Calculation

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


Teras 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.

Teras Resources's Days Sales Outstanding for the quarter that ended in Feb. 2023 is calculated as:

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

Teras Resources's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2023 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)
=(0.251+0.75 * 0+0.5 * 0-0.933
-0-0)/251.095
=-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.


Teras Resources Accounts Receivable Related Terms

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Teras Resources (TSXV:TRA) Business Description

Traded in Other Exchanges
Address
206, 6025 - 12th Street South East, Calgary, AB, CAN, T2H 1K1
Teras Resources Inc is a junior mining exploration & development company. The company is involved in the acquisition and exploration of mineral property interests in Montana, Nevada, and Cahuilla in California. The company explores gold, silver, and base metals. Its projects include Cahuilla Gold Project, Golden Jubilee, Corral Canyon, Gold Point, Watseca Mill and other projects. The Cahuilla Project is located in northwest Imperial County, California. The Watseca Mill Property is located in Rochester Basin, Montana, and includes a mill site and mining claims.
Executives
Joe Carrabba Director, Senior Officer

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