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Windfall Geotek (Windfall Geotek) Accounts Receivable : $0.11 Mil (As of Nov. 2023)


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What is Windfall Geotek Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Windfall Geotek's accounts receivables for the quarter that ended in Nov. 2023 was $0.11 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Windfall Geotek's Days Sales Outstanding for the quarter that ended in Nov. 2023 was 177.52.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Windfall Geotek's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was $0.01.


Windfall Geotek Accounts Receivable Historical Data

The historical data trend for Windfall Geotek'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.

Windfall Geotek Accounts Receivable Chart

Windfall Geotek Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.12 - - 0.16

Windfall Geotek Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 - 0.16 0.21 0.21 0.11

Windfall Geotek Accounts Receivable Calculation

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


Windfall Geotek 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.

Windfall Geotek's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.107/0.055*91
=177.52

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

Windfall Geotek's Net-Net Working Capital Per Share for the quarter that ended in Nov. 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)
=(0.946+0.75 * 0.107+0.5 * 0-0.067
-0-0)/134.096
=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.


Windfall Geotek Accounts Receivable Related Terms

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Windfall Geotek (Windfall Geotek) Business Description

Traded in Other Exchanges
Address
7005 Boulevard Taschereau, Suite 265, Brossard, QC, CAN, J4Z 1A7
Windfall Geotek Inc is an Artificial Intelligence company developing its proprietary CARDS analysis and data mining techniques. The Company is exploring a new business model through which it will advance projects where the CARDS artificial intelligence software platform has identified high-potential targets. The Company has determined that it operates in two segments, being acquisition, exploration and development of mineral properties for economically recoverable reserves in Canada and providing AI services.

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