GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canter Resources Corp (XCNQ:CRC) » Definitions » Accounts Receivable

Canter Resources (XCNQ:CRC) Accounts Receivable : C$0.03 Mil (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Canter Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Canter Resources'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. Canter Resources's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$0.05.


Canter Resources Accounts Receivable Historical Data

The historical data trend for Canter Resources'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.

Canter Resources Accounts Receivable Chart

Canter Resources Annual Data
Trend Jun21 Jun22 Jun23
Accounts Receivable
- - -

Canter Resources Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - 0.03 0.03

Canter Resources Accounts Receivable Calculation

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


Canter Resources 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.026/0*91
=

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

Canter Resources'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)
=(2.914+0.75 * 0.026+0.5 * 0-0.24
-0-0)/50.9884
=0.05

* 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.


Canter Resources Accounts Receivable Related Terms

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


Canter Resources Business Description

Traded in Other Exchanges
Address
918-1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3
Canter Resources Corp's principal includes the exploration and development of base and precious mineral resources in British Columbia. The company's project includes the Columbus lithium-boron project. Puzzle Lake Gold Project, Santoy-Seabee mine complex in Saskatchewan, Canada and the Beaver Creek Property.
Executives
Joness Lang Director, Senior Officer
Warwick Smith Director