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Greencastle Resources (TSXV:VGN) Accounts Receivable : C$0.05 Mil (As of Mar. 2025)


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What is Greencastle Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Greencastle Resources's accounts receivables for the quarter that ended in Mar. 2025 was C$0.05 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Greencastle Resources's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 273.75.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Greencastle Resources's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was C$0.05.


Greencastle Resources Accounts Receivable Historical Data

The historical data trend for Greencastle 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.

* Premium members only.

Greencastle Resources Accounts Receivable Chart

Greencastle Resources Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 - - - 0.03

Greencastle Resources Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 Premium Member Only - - - 0.03 0.05

Greencastle Resources Accounts Receivable Calculation

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


Greencastle 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.

Greencastle Resources's Days Sales Outstanding for the quarter that ended in Mar. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.045/0.015*91
=273.75

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

Greencastle Resources's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2025 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)
=(1.816+0.75 * 0.045+0.5 * 0-0.082
-0-0)/36.211
=0.05

* 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.


Greencastle Resources Accounts Receivable Related Terms

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Greencastle Resources Business Description

Traded in Other Exchanges
Address
82 Richmond Street East, Suite 200, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1
Greencastle Resources Ltd is a diversified company with interests in gold and base metals exploration and oil and gas exploration and royalties, as well as in strategic and non-strategic investments in other companies that are traded on the North American exchanges. The company's reportable segments include Investments in Private and Public companies, Oil and Gas Interests, Mining Interests. Its investment segment comprises its investment in marketable securities and investment in private and public companies. The oil and gas segment comprised of its oil and gas interests. The mining segment is comprised of its mining interests in Canada and in the USA.
Executives
David Martin Director
Anthony Ralph Roodenburg Director, Senior Officer

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