Mining Investments Resources (LSE:MIR) Change In Receivables: £-0.00 Mil (TTM As of Dec. 2013)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Mining Investments Resources Change In Receivables?

Mining Investments Resources LSE:MIR Change In Receivables is £-0.00 Mil as of Dec. 2013. The stock has 2 warning signs investors should review.

Mining Investments Resources's change in receivables for the quarter that ended in Dec. 2013 was £0.01 Mil. It means Mining Investments Resources's Accounts Receivable declined by £0.01 Mil from Jun. 2013 to Dec. 2013 .

Mining Investments Resources's change in receivables for the fiscal year that ended in Jun. 2013 was £-0.01 Mil. It means Mining Investments Resources's Accounts Receivable increased by £0.01 Mil from Jun. 2012 to Jun. 2013 .

Mining Investments Resources's Accounts Receivable for the quarter that ended in Dec. 2013 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. Mining Investments Resources's Days Sales Outstanding for the six months ended in Dec. 2013 was 121.67.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Mining Investments Resources's liquidation value for the six months ended in Dec. 2013 was £0.21 Mil.

Mining Investments Resources  (LSE:MIR) 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.

Mining Investments Resources's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.002/0.003*91
=121.67

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

Mining Investments Resources's liquidation value for the quarter that ended in Dec. 2013 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.419-0.213+0.75 * 0.002+0.5 * 0
=0.21

* 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.

Mining Investments Resources Change In Receivables Related Terms

Mining Investments Resources Change In Receivables Historical Data

* Premium members only.

The historical data trend for Mining Investments Resources'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.

Mining Investments Resources Change In Receivables Chart

Mining Investments Resources Annual Data
Trend Mar04 Mar05 Mar06 Mar07 Mar08 Jun09 Jun10 Jun11 Jun12 Jun13
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.28 0.14 0.23 0.33 -0.01

Mining Investments Resources Semi-Annual Data
Sep03 Mar04 Sep04 Mar05 Sep05 Mar06 Sep06 Mar07 Sep07 Mar08 Sep08 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.20 0.14 -0.00 -0.01 0.01

Mining Investments Resources 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. 2013 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.00 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of £-0.00 Mil mean?
Mining Investments Resources (LSE:MIR) has a Change In Receivables of £-0.00 Mil as of Dec. 2013. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Mining Investments Resources and its competitors.
Is Mining Investments Resources' Change In Receivables too high?
Mining Investments Resources' current Change In Receivables is £-0.00 Mil.
How does Mining Investments Resources' Change In Receivables compare to competitors?
Mining Investments Resources' Change In Receivables of £-0.00 Mil can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Conglomerates company?
A good Change In Receivables depends on the Conglomerates industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Mining Investments Resources and its competitors. Mining Investments Resources's current Change In Receivables is £-0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mining Investments Resources stock overvalued right now?
Mining Investments Resources (LSE:MIR) has a current Change In Receivables of £-0.00 Mil. The current Change In Receivables is £-0.00 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Mining Investments Resources (LSE:MIR), the current Change In Receivables is £-0.00 Mil as of Dec. 2013. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Mining Investments Resources Business Description

Mining Investments Resources PLC is an investing company. It mainly invests in businesses which possess the opportunity for high growth, generally through exploitation of intellectual property. The Company's investing policy is to acquire a diverse portfolio of direct and indirect interests in exploration and producing projects and assets in the natural resources sector.