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Starlo Ventures (XCNQ:SLO) Accounts Receivable : C$0.02 Mil (As of Dec. 2023)


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What is Starlo Ventures Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Starlo Ventures's accounts receivables for the quarter that ended in Dec. 2023 was C$0.02 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. Starlo Ventures's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$0.00.

Starlo Ventures Accounts Receivable Historical Data

The historical data trend for Starlo Ventures'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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Starlo Ventures Accounts Receivable Chart

Starlo Ventures Annual Data
Trend Dec22 Dec23
Accounts Receivable
0.01 0.02

Starlo Ventures Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial 0.01 0.01 0.01 0.02 0.02

Starlo Ventures Accounts Receivable Calculation

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

Starlo Ventures 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.

Starlo Ventures's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.022/0*91
=

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

Starlo Ventures's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(0.057+0.75 * 0.022+0.5 * 0-0.019
-0-0)/14.147
=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.

Starlo Ventures Accounts Receivable Related Terms

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Starlo Ventures (XCNQ:SLO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Starlo Ventures Ltd (XCNQ:SLO) » Definitions » Accounts Receivable
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Address
400 Burrard Street, Suite 1400, Vancouver, BC, CAN, V6C 3A6
Website
Starlo Ventures Ltd is engaged in the business of mineral exploration with a focus on precious metals. It holds interest in Mount Richards Property which is located on the southern part of Vancouver Island, British Columbia within a belt of Devonian volcanic and sedimentary rocks.

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