Empire Metals (LSE:EEE) Change In Receivables : £-0.02 Mil (TTM As of Jun. 2023)

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What is Empire Metals Change In Receivables?

Empire Metals's change in receivables for the quarter that ended in Jun. 2023 was £-0.07 Mil. It means Empire Metals's Accounts Receivable increased by £0.07 Mil from Dec. 2022 to Jun. 2023 .

Empire Metals's change in receivables for the fiscal year that ended in Dec. 2022 was £0.02 Mil. It means Empire Metals's Accounts Receivable declined by £0.02 Mil from Dec. 2021 to Dec. 2022 .

Empire Metals's Accounts Receivable for the quarter that ended in Jun. 2023 was £0.26 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. Empire Metals's liquidation value for the six months ended in Jun. 2023 was £1.34 Mil.

Empire Metals Change In Receivables Historical Data

The historical data trend for Empire Metals'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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Empire Metals Change In Receivables Chart

Empire Metals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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0.09

-0.03

-0.01

-0.02

0.02

Empire Metals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial															-0.04	0.02	-0.03	0.04	-0.07

Empire Metals 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.02 Mil.

Empire Metals (LSE:EEE) 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.

Empire Metals's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.255	/	0	*	91
=

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

Empire Metals's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.405	-	0.256	+	0.75 * 0.255	+	0.5 * 0
=	1.34

Empire Metals Change In Receivables Related Terms

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Empire Metals (LSE:EEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Empire Metals Ltd (LSE:EEE) » Definitions » Change In Receivables

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EEE.GB:UK NOGN:Germany

Address

Craigmuir Chambers, PO Box 71, Road Town, Tortola, VGB, VG1110

Website

https://www.empiremetals.co.uk

Empire Metals Ltd is an exploration and resource development company with a project portfolio comprising gold interests in Australia and Austria. The company develops a pipeline of projects with its main focus on the high-grade Eclipse and Gindalbie Gold Projects in Western Australia. The company's project portfolio includes the Pitfield Copper-Gold Project and the Walton Copper-Gold Project in Western Australia and the Stavely Copper-Gold Project in the Stavely Arc region of Victoria. It has a high-grade gold exploration portfolio in Austria which includes Rotgulden, Schonberg and Walchen prospects.

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