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Arctic Fox Lithium (XCNQ:AFX) Accounts Receivable : C$0.00 Mil (As of Mar. 2024)


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What is Arctic Fox Lithium Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Arctic Fox Lithium's accounts receivables for the quarter that ended in Mar. 2024 was C$0.00 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. Arctic Fox Lithium's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$0.00.


Arctic Fox Lithium Accounts Receivable Historical Data

The historical data trend for Arctic Fox 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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Arctic Fox Lithium Accounts Receivable Chart

Arctic Fox Lithium Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Accounts Receivable
- - - -

Arctic Fox Lithium Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Arctic Fox Lithium Accounts Receivable Calculation

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


Arctic Fox 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.

Arctic Fox Lithium's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

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

Arctic Fox Lithium's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(0.122+0.75 * 0+0.5 * 0-0.096
-0-0)/61.7157
=0.00

* 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.


Arctic Fox Lithium Accounts Receivable Related Terms

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Arctic Fox Lithium Business Description

Traded in Other Exchanges
Address
1030 West Georgia Street, Suite 905, Vancouver, BC, CAN, V6E 2Y3
Arctic Fox Lithium Corp is a mineral exploration company. Its projects include Pontax North Lithium Project, Kana Lake Lithium Project, Delta Lake Lithium project and Spius copper property.
Executives
Harry Chew 10% Security Holder, Director, Senior Officer
Eddy Joon Yiu Siu 10% Security Holder
Sonny Chew Director, Senior Officer

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