Horizon Gold (ASX:HRN) Change In Receivables : A$0.00 Mil (TTM As of Dec. 2023)

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What is Horizon Gold Change In Receivables?

Horizon Gold's change in receivables for the quarter that ended in Dec. 2023 was A$0.00 Mil. It means Horizon Gold's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

Horizon Gold's change in receivables for the fiscal year that ended in Jun. 2023 was A$0.00 Mil. It means Horizon Gold's Accounts Receivable stayed the same from Jun. 2022 to Jun. 2023 .

Horizon Gold's Accounts Receivable for the quarter that ended in Dec. 2023 was A$0.03 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. Horizon Gold's liquidation value for the six months ended in Dec. 2023 was A$-10.79 Mil.

Horizon Gold Change In Receivables Historical Data

The historical data trend for Horizon 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.

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Horizon Gold Change In Receivables Chart

Horizon Gold Annual Data

Trend

Jun17

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Jun19

Jun20

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Jun23

Change In Receivables

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Horizon Gold Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial										-	-	-	-	-

Horizon 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.00 Mil.

Horizon Gold (ASX:HRN) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.027	/	0	*	91
=

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

Horizon Gold's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.512	-	12.322	+	0.75 * 0.027	+	0.5 * 0
=	-10.79

Horizon Gold Change In Receivables Related Terms

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Horizon Gold (ASX:HRN) Business Description

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Address

47 Havelock Street, Suite 8, Level 3, West Perth, WA, AUS, 6005

Website

https://www.horizongold.com.au

Horizon Gold Ltd is a gold mining company. It is engaged in the acquisition, exploration, and development of gold reserves of the Gum Creek Gold Project in Western Australia. The project covers the Gum Creek Greenstone Belt located within the Southern Cross Province of the Youanmi Terrane In Yilgarn Craton in Western Australia.

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