Big Gold (XCNQ:BG) Accounts Receivable : C$0.03 Mil (As of Mar. 2024)

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What is Big Gold Accounts Receivable?

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

Big Gold Accounts Receivable Historical Data

The historical data trend for Big Gold'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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Big Gold Accounts Receivable Chart

Big Gold Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

0.01

0.06

0.02

Big Gold Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial						0.07	0.02	0.01	0.02	0.03

Big Gold Accounts Receivable Calculation

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

Big Gold 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.

Big Gold's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.03	/	0	*	91
=

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

Big Gold'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)
=	(0.075	+	0.75 * 0.03	+	0.5 * 0	-	0.08
-	0	-	0)	/	39.2043
=	0.00

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.

Big Gold Accounts Receivable Related Terms

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Big Gold (XCNQ:BG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Big Gold Inc (XCNQ:BG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

H7L:Germany

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.biggold.ca

Big Gold Inc is a mineral exploration and development company focused on the acquisition and exploration of mineral properties. The company's primary focus is the exploration and development of the Martin Kenty project located in Kenora, Ontario in the Rainy River mining district.