Novo Resources (ASX:NVO) Change In Receivables : A$-9.25 Mil (TTM As of Sep. 2024)

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What is Novo Resources Change In Receivables?

Novo Resources's change in receivables for the quarter that ended in Sep. 2024 was A$0.94 Mil. It means Novo Resources's Accounts Receivable declined by A$0.94 Mil from Jun. 2024 to Sep. 2024 .

Novo Resources's change in receivables for the fiscal year that ended in Dec. 2023 was A$-8.75 Mil. It means Novo Resources's Accounts Receivable increased by A$8.75 Mil from Dec. 2022 to Dec. 2023 .

Novo Resources's Accounts Receivable for the quarter that ended in Sep. 2024 was A$0.00 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. Novo Resources's liquidation value for the three months ended in Sep. 2024 was A$-16.41 Mil.

Novo Resources Change In Receivables Historical Data

The historical data trend for Novo 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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Novo Resources Change In Receivables Chart

Novo Resources Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Dec21

Dec22

Dec23

Change In Receivables

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-0.14

0.62

-4.72

3.86

-8.75

Novo Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															1.75	-10.44	11.09	-10.83	0.94

Novo 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was A$-9.25 Mil.

Novo Resources (ASX:NVO) 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.

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

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

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

Novo Resources's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.861	-	23.273	+	0.75 * 0	+	0.5 * 0
=	-16.41

Novo Resources Change In Receivables Related Terms

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Novo Resources Business Description

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NSRPF:USA 1NO:Germany NVO:Canada

Address

1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.novoresources.com

Novo Resources Corp is a company engaged in the business of evaluating, acquiring, and exploring natural resource properties with a focus on gold. The organization has business interests in properties located in Australia, Canada, and the USA. Its projects include Beatons Creek Property, Millennium Property, Blue Spec; Paleo-Placer; Comet Well, and others. It has two segments Mining operations and exploration operations.