First Mining Gold (FRA:FMG) Change In Receivables : €-0.03 Mil (TTM As of Mar. 2024)

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What is First Mining Gold Change In Receivables?

First Mining Gold's change in receivables for the quarter that ended in Mar. 2024 was €-0.03 Mil. It means First Mining Gold's Accounts Receivable increased by €0.03 Mil from Dec. 2023 to Mar. 2024 .

First Mining Gold's change in receivables for the fiscal year that ended in Dec. 2023 was €0.04 Mil. It means First Mining Gold's Accounts Receivable declined by €0.04 Mil from Dec. 2022 to Dec. 2023 .

First Mining Gold's Accounts Receivable for the quarter that ended in Mar. 2024 was €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. First Mining Gold's liquidation value for the three months ended in Mar. 2024 was €-29.29 Mil.

First Mining Gold Change In Receivables Historical Data

The historical data trend for First Mining 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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First Mining Gold Change In Receivables Chart

First Mining Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.17

-0.04

-0.01

0.09

0.04

First Mining Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															0.04	-0.08	0.14	-0.06	-0.03

First Mining 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.03 Mil.

First Mining Gold (FRA:FMG) 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.

First Mining Gold's Days Sales Outstanding for the quarter that ended in Mar. 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, First Mining Gold's accounts receivable are only considered to be worth 75% of book value:

First Mining Gold's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.327	-	34.619	+	0.75 * 0	+	0.5 * 0
=	-29.29

First Mining Gold Change In Receivables Related Terms

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First Mining Gold (FRA:FMG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Mining Gold Corp (FRA:FMG) » Definitions » Change In Receivables

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FFMGF:USA FF:Canada

Address

1188 West Georgia Street, Suite 2070, Vancouver, BC, CAN, V6E 4A2

Website

http://www.firstmininggold.com

First Mining Gold Corp is engaged in the acquisition, exploration, development and selective disposition of its North American mineral properties. It is engaged in advancing a portfolio of gold projects in Canada, with the project being the Springpole Gold Project in northwestern Ontario. The company also holds an equity position in Treasury Metals which is advancing the Goliath Gold Complex toward construction. Its portfolio of gold projects in eastern Canada also includes Hope Brook, Cameron, Duparquet, Duquesne, and Pitt gold projects. In addition, the Company holds an interest in the PC Gold legal entity which holds the Pickle Crow gold project.

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