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TTLXF (Tantalex Lithium Resources) Accounts Receivable : $0.00 Mil (As of Aug. 2024)


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What is Tantalex Lithium Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tantalex Lithium Resources's accounts receivables for the quarter that ended in Aug. 2024 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tantalex Lithium Resources's Days Sales Outstanding for the quarter that ended in Aug. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tantalex Lithium Resources's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was $-0.03.


Tantalex Lithium Resources Accounts Receivable Historical Data

The historical data trend for Tantalex Lithium 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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Tantalex Lithium Resources Accounts Receivable Chart

Tantalex Lithium Resources Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Accounts Receivable
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Tantalex Lithium Resources Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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Tantalex Lithium Resources Accounts Receivable Calculation

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


Tantalex Lithium 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.

Tantalex Lithium Resources's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/0.089*91
=0.00

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

Tantalex Lithium Resources's Net-Net Working Capital Per Share for the quarter that ended in Aug. 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)
=(1.393+0.75 * 0+0.5 * 0.114-32.718
-0--1.101)/864.018
=-0.03

* 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.


Tantalex Lithium Resources Accounts Receivable Related Terms

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Tantalex Lithium Resources Business Description

Traded in Other Exchanges
Address
120 Adelaide Street West, Suite 1410, Toronto, ON, CAN, M5H 1T1
Tantalex Lithium Resources Corp is a mining exploration and development company. It is engaged in the acquisition, exploration, development, and distribution of lithium, tin, tantalum, and other high-tech mineral properties in Africa. Its projects comprise Manono Tailings, Pegmatite Corridor Exploration, and Titan. It has one operating segment being the sector of exploration and evaluation of mineral resources.