Great Western Minerals Group (Great Western Minerals Group) Change In Receivables : $0.18 Mil (TTM As of Sep. 2014)

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What is Great Western Minerals Group Change In Receivables?

Great Western Minerals Group's change in receivables for the quarter that ended in Sep. 2014 was $0.71 Mil. It means Great Western Minerals Group's Accounts Receivable declined by $0.71 Mil from Jun. 2014 to Sep. 2014 .

Great Western Minerals Group's change in receivables for the fiscal year that ended in Dec. 2013 was $-1.40 Mil. It means Great Western Minerals Group's Accounts Receivable increased by $1.40 Mil from Dec. 2012 to Dec. 2013 .

Great Western Minerals Group's Accounts Receivable for the quarter that ended in Sep. 2014 was $1.97 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. Great Western Minerals Group's Days Sales Outstanding for the three months ended in Sep. 2014 was 32.29.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Great Western Minerals Group's liquidation value for the three months ended in Sep. 2014 was $-63.59 Mil.

Great Western Minerals Group Change In Receivables Historical Data

The historical data trend for Great Western Minerals Group'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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Great Western Minerals Group Change In Receivables Chart

Great Western Minerals Group Annual Data

Trend

Dec04

Dec05

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Dec09

Dec10

Dec11

Dec12

Dec13

Change In Receivables

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-2.39

1.24

0.32

-1.40

Great Western Minerals Group Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Change In Receivables	Get a 7-Day Free Trial															1.41	-1.19	-0.41	1.08	0.71

Great Western Minerals Group 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. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.18 Mil.

Great Western Minerals Group (OTCPK:GWMGF) 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.

Great Western Minerals Group's Days Sales Outstanding for the quarter that ended in Sep. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.966	/	5.555	*	91
=	32.29

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

Great Western Minerals Group's liquidation value for the quarter that ended in Sep. 2014 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	12.257	-	78.924	+	0.75 * 1.966	+	0.5 * 3.213
=	-63.59

Great Western Minerals Group Change In Receivables Related Terms

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Great Western Minerals Group (Great Western Minerals Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Western Minerals Group Ltd (OTCPK:GWMGF) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Unit 201B, 2121 Airport Drive, Saskatoon, SK, CAN, S7L 6W5

Website

http://www.gwmg.ca

Great Western Minerals Group Ltd is a Canadian-based exploration and development company, which is engaged in the exploration and development of its rare earth elements (REE) property, and the manufacturing and marketing of products containing REE. The company operates as an integrated rare earth processor which manufactures specialty alloys used in the magnet, battery, defense and aerospace industries. It holds an interest in the Steenkampskraal monazite mine, located approximately 350 kilometers northwest of Cape Town, South Africa. Further, the group also holds an interest in Hoidas Lake rare earth mineral property in Canada.

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