GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » West Mining Corp (OTCPK:WESMF) » Definitions » Accounts Receivable

WESMF (West Mining) Accounts Receivable : $0.03 Mil (As of Jul. 2024)


View and export this data going back to 2020. Start your Free Trial

What is West Mining Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. West Mining's accounts receivables for the quarter that ended in Jul. 2024 was $0.03 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. West Mining's Net-Net Working Capital per share for the quarter that ended in Jul. 2024 was $0.01.


West Mining Accounts Receivable Historical Data

The historical data trend for West Mining'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.

West Mining Accounts Receivable Chart

West Mining Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Accounts Receivable
Get a 7-Day Free Trial - - - - -

West Mining Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 - - - 0.02 0.03

West Mining Accounts Receivable Calculation

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


West Mining 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.

West Mining's Days Sales Outstanding for the quarter that ended in Jul. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.034/0*91
=

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

West Mining's Net-Net Working Capital Per Share for the quarter that ended in Jul. 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)
=(0.308+0.75 * 0.034+0.5 * 0-0.192
-0-0)/17.3529
=0.01

* 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.


West Mining Accounts Receivable Related Terms

Thank you for viewing the detailed overview of West Mining's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


West Mining Business Description

Traded in Other Exchanges
Address
1011 West Cordova Street, Suite 4204, Vancouver, BC, CAN, V6C 0B2
West Mining Corp is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral properties. The company is focused on its Kena gold projects in the Nelson Mining Division of south eastern British Columbia, its Spanish Mountain West and Junker gold projects located in northern British Columbia, and its BLUE COVE project located at the head of Fortune Bay, in southeast Newfoundland.