Technology Minerals (LSE:TM1) Change In Receivables : £0.02 Mil (TTM As of Dec. 2023)

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What is Technology Minerals Change In Receivables?

Technology Minerals's change in receivables for the quarter that ended in Dec. 2023 was £0.01 Mil. It means Technology Minerals's Accounts Receivable declined by £0.01 Mil from Jun. 2023 to Dec. 2023 .

Technology Minerals's change in receivables for the fiscal year that ended in Jun. 2023 was £-0.06 Mil. It means Technology Minerals's Accounts Receivable increased by £0.06 Mil from Jun. 2022 to Jun. 2023 .

Technology Minerals's Accounts Receivable for the quarter that ended in Dec. 2023 was £0.07 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. Technology Minerals's liquidation value for the six months ended in Dec. 2023 was £-3.75 Mil.

Technology Minerals Change In Receivables Historical Data

The historical data trend for Technology 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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Technology Minerals Change In Receivables Chart

Technology Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Change In Receivables

-0.02

-0.06

Technology Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	-0.24	0.21	-0.07	0.01	0.01

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

Technology Minerals (LSE:TM1) 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.

Technology Minerals's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.066	/	0	*	91
=

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

Technology Minerals'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)
=	0.038	-	3.842	+	0.75 * 0.066	+	0.5 * 0
=	-3.75

Technology Minerals Change In Receivables Related Terms

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Technology Minerals (LSE:TM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Technology Minerals PLC (LSE:TM1) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Savile Row, London, GBR, W1S 3PW

Website

https://www.technologyminerals.co.uk

Technology Minerals PLC is a London-based mineral exploration company focused on the exploration of mineral resource projects in Ireland (Li project), Spain (Cu-Co-Ni project), Cameroon (Ni-Co project), and three projects in the USA (Cu-Co, Co, and Ni-Co-Cu projects, respectively).

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