Volt Lithium (Volt Lithium) Accounts Receivable : $0.13 Mil (As of Dec. 2023)

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What is Volt Lithium Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Volt Lithium's accounts receivables for the quarter that ended in Dec. 2023 was $0.13 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. Volt Lithium's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.01.

Volt Lithium Accounts Receivable Historical Data

The historical data trend for Volt Lithium'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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Volt Lithium Accounts Receivable Chart

Volt Lithium Annual Data

Trend

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Jun23

Accounts Receivable

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0.09

Volt Lithium Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															0.02	0.07	0.09	0.27	0.13

Volt Lithium Accounts Receivable Calculation

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

Volt Lithium 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.

Volt Lithium's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.132	/	0	*	91
=

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

Volt Lithium's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(2.446	+	0.75 * 0.132	+	0.5 * 0	-	0.781
-	0	-	0)	/	130.304
=	0.01

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.

Volt Lithium Accounts Receivable Related Terms

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Volt Lithium (Volt Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volt Lithium Corp (OTCPK:VLTLF) » Definitions » Accounts Receivable

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I2D:Germany VLT:Canada

Address

639-5th Avenue SW, Suite 1925, Calgary, AB, CAN, T2P 0M9

Website

https://www.voltlithium.com

Volt Lithium Corp is a lithium development and technology company aiming to be North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine. The Company is developing its lithium project in the area of Rainbow Lake, in Northwest Alberta (the Rainbow Lake Lithium Project on the backbone of the mature and sophisticated Alberta oil industry that will allow the Company to catapult its development.