Rockfire Resources (AQSE:ROCK.GB) Change In Receivables : £-1.67 Mil (TTM As of Jun. 2023)

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What is Rockfire Resources Change In Receivables?

Rockfire Resources's change in receivables for the quarter that ended in Jun. 2023 was £-0.04 Mil. It means Rockfire Resources's Accounts Receivable increased by £0.04 Mil from Dec. 2022 to Jun. 2023 .

Rockfire Resources's change in receivables for the fiscal year that ended in Dec. 2022 was £0.02 Mil. It means Rockfire Resources's Accounts Receivable declined by £0.02 Mil from Dec. 2021 to Dec. 2022 .

Rockfire Resources's Accounts Receivable for the quarter that ended in Jun. 2023 was £0.10 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. Rockfire Resources's liquidation value for the six months ended in Jun. 2023 was £0.37 Mil.

Rockfire Resources Change In Receivables Historical Data

The historical data trend for Rockfire Resources'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.

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Rockfire Resources Change In Receivables Chart

Rockfire Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.03

0.02

-0.06

0.02

-1.67

Rockfire Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.07	0.08	-0.06	-0.04	-1.63

Rockfire Resources 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.67 Mil.

Rockfire Resources (AQSE:ROCK.GB) 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.

Rockfire Resources's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.096	/	0	*	91
=

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

Rockfire Resources's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.416	-	0.119	+	0.75 * 0.096	+	0.5 * 0
=	0.37

Rockfire Resources Change In Receivables Related Terms

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Rockfire Resources (AQSE:ROCK.GB) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rockfire Resources PLC (AQSE:ROCK.GB) » Definitions » Change In Receivables

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Traded in Other Exchanges

ROCK:UK P2P:Germany

Address

3-7 Temple Avenue, 201 Temple Chambers, London, GBR, EC4Y 0DT

Website

https://www.rockfireresources.com

Rockfire Resources PLC is an exploration company with a portfolio of wholly owned near-surface gold and large-scale copper projects in Queensland, Australia. The company has only one reportable segment which is exploration for gold and copper resources. The company's flagship project, the Plateau Gold Deposit, is part of the Lighthouse Tenement, and bears geological resemblances to the Mt Wright project. Its copper projects, Copperhead and Copper Dome, are indicative of large-scale porphyry targets.

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