Goldgroup Mining (Goldgroup Mining) Change In Receivables : $-0.25 Mil (TTM As of Dec. 2023)

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What is Goldgroup Mining Change In Receivables?

Goldgroup Mining's change in receivables for the quarter that ended in Dec. 2023 was $-0.19 Mil. It means Goldgroup Mining's Accounts Receivable increased by $0.19 Mil from Sep. 2023 to Dec. 2023 .

Goldgroup Mining's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.25 Mil. It means Goldgroup Mining's Accounts Receivable increased by $0.25 Mil from Dec. 2022 to Dec. 2023 .

Goldgroup Mining's Accounts Receivable for the quarter that ended in Dec. 2023 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. Goldgroup Mining's Days Sales Outstanding for the three months ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Goldgroup Mining's liquidation value for the three months ended in Dec. 2023 was $-13.99 Mil.

Goldgroup Mining Change In Receivables Historical Data

The historical data trend for Goldgroup Mining'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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Goldgroup Mining Change In Receivables Chart

Goldgroup Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.44

-1.12

-0.70

0.20

-0.25

Goldgroup Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															0.06	-0.56	-0.37	0.87	-0.19

Goldgroup Mining 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 quarterly data reported by the company within the most recent 12 months, which was $-0.25 Mil.

Goldgroup Mining (OTCPK:GGAZF) 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.

Goldgroup Mining'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	/	4.674	*	91
=	0.00

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

Goldgroup Mining'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)
=	0.292	-	15.788	+	0.75 * 0	+	0.5 * 3.004
=	-13.99

Goldgroup Mining Change In Receivables Related Terms

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Goldgroup Mining (Goldgroup Mining) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldgroup Mining Inc (OTCPK:GGAZF) » Definitions » Change In Receivables

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Traded in Other Exchanges

GGA:Mexico 55G0:Germany GGA:Canada

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.goldgroupmining.com

Goldgroup Mining Inc is a Canadian-based gold production, development, and exploration company with an upside in a portfolio of projects in Mexico, including an interest in DynaResource de Mexico, S.A. de C.V., which owns 100% of the high-grade gold exploration project, San Jose de Gracia, located in the State of Sinaloa. In addition, the company operates its 100%-owned Cerro Prieto heap-leach gold mine, in the State of Sonora, Mexico.