Firering Strategic Minerals (LSE:FRG) Change In Receivables : £-0.01 Mil (TTM As of Jun. 2024)

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What is Firering Strategic Minerals Change In Receivables?

Firering Strategic Minerals's change in receivables for the quarter that ended in Jun. 2024 was £0.00 Mil. It means Firering Strategic Minerals's Accounts Receivable stayed the same from Dec. 2023 to Jun. 2024 .

Firering Strategic Minerals's change in receivables for the fiscal year that ended in Dec. 2023 was £-0.01 Mil. It means Firering Strategic Minerals's Accounts Receivable increased by £0.01 Mil from Dec. 2022 to Dec. 2023 .

Firering Strategic Minerals's Accounts Receivable for the quarter that ended in Jun. 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. Firering Strategic Minerals's liquidation value for the six months ended in Jun. 2024 was £-1.01 Mil.

Firering Strategic Minerals Change In Receivables Historical Data

The historical data trend for Firering Strategic Minerals'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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Firering Strategic Minerals Change In Receivables Chart

Firering Strategic Minerals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.03

-0.68

-0.01

Firering Strategic Minerals Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Receivables	Get a 7-Day Free Trial					-	-	-	-0.01	-

Firering Strategic Minerals 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.01 Mil.

Firering Strategic Minerals (LSE:FRG) 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.

Firering Strategic Minerals's Days Sales Outstanding for the quarter that ended in Jun. 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, Firering Strategic Minerals's accounts receivable are only considered to be worth 75% of book value:

Firering Strategic Minerals's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.135	-	1.14	+	0.75 * 0	+	0.5 * 0
=	-1.01

Firering Strategic Minerals Change In Receivables Related Terms

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Firering Strategic Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firering Strategic Minerals PLC (LSE:FRG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ioanni Stylianou 6, 2nd Floor, Office 202, Nicosia, CYP, 2003

Website

https://www.fireringplc.com

Firering Strategic Minerals PLC focuses on developing assets for the ethical production of critical metals. The company's portfolio of assets is in Cote d'Ivoire. Lithium-Coltan Project covers an area of 135 km2 and is in Northern Cote d'Ivoire. It holds an exploration license for lithium which has been amended to include, inter alia, niobium-tantalum following the results of the exploration study and as part of the application for exploitation permits.