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Andes Gold (Andes Gold) Change In Receivables : $-0.18 Mil (TTM As of Dec. 2003)


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What is Andes Gold Change In Receivables?

Andes Gold's change in receivables for the quarter that ended in Dec. 2003 was $-0.09 Mil. It means Andes Gold's Accounts Receivable increased by $0.09 Mil from Sep. 2003 to Dec. 2003 .

Andes Gold's change in receivables for the fiscal year that ended in Dec. 2003 was $-0.18 Mil. It means Andes Gold's Accounts Receivable increased by $0.18 Mil from Dec. 2002 to Dec. 2003 .

Andes Gold's Accounts Receivable for the quarter that ended in Dec. 2003 was $0.23 Mil.

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 Receivable are being managed.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Andes Gold's liquidation value for the three months ended in Dec. 2003 was $-4.57 Mil.


Andes Gold Change In Receivables Historical Data

The historical data trend for Andes Gold's Change In Receivables 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.

Andes Gold Change In Receivables Chart

Andes Gold Annual Data
Trend Dec94 Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.01 -0.01 -0.26 -0.18

Andes Gold Quarterly Data
Mar98 Jun98 Sep98 Dec98 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03
Change In Receivables 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 -0.02 0.10 -0.16 -0.02 -0.09

Andes Gold Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2003 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.18 Mil.

* 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.


Andes Gold  (OTCPK:AGCZ) Change In Receivables 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 Receivable are being managed.

Andes Gold's Days Sales Outstanding for the quarter that ended in Dec. 2003 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.226/-2.431*91
=

2. In Ben Graham's calculation of liquidation value, Andes Gold's accounts receivable are only considered to be worth 75% of book value:

Andes Gold's liquidation value for the quarter that ended in Dec. 2003 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0-4.911+0.75 * 0.226+0.5 * 0.335
=-4.57

* 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.


Andes Gold Change In Receivables Related Terms

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Andes Gold (Andes Gold) Business Description

Traded in Other Exchanges
N/A
Address
1200 N. Federal Highway, Suite 200, Boca Raton, FL, USA, 33432
Andes Gold Corp is the operator of leased properties which it mines for mineral resources, specifically, gold. The company develops and produces gold assets in Ecuador and South America.

Andes Gold (Andes Gold) Headlines