Tower Resources (LSE:TRP) Change In Receivables : £0.33 Mil (TTM As of Jun. 2024)

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What is Tower Resources Change In Receivables?

Tower Resources's change in receivables for the quarter that ended in Jun. 2024 was £1.07 Mil. It means Tower Resources's Accounts Receivable declined by £1.07 Mil from Dec. 2023 to Jun. 2024 .

Tower Resources's change in receivables for the fiscal year that ended in Dec. 2023 was £-0.75 Mil. It means Tower Resources's Accounts Receivable increased by £0.75 Mil from Dec. 2022 to Dec. 2023 .

Tower Resources's Accounts Receivable for the quarter that ended in Jun. 2024 was £0.04 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. Tower Resources's liquidation value for the six months ended in Jun. 2024 was £-1.19 Mil.

Tower Resources Change In Receivables Historical Data

The historical data trend for Tower 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.

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Tower Resources Change In Receivables Chart

Tower Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.02

0.03

-0.38

-0.75

Tower Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Receivables	Get a 7-Day Free Trial															-	-0.38	-	-0.75	1.07

Tower 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.33 Mil.

Tower Resources (LSE:TRP) 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.

Tower Resources's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.044	/	0	*	91
=

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

Tower Resources'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)
=	0.265	-	1.488	+	0.75 * 0.044	+	0.5 * 0
=	-1.19

Tower Resources Change In Receivables Related Terms

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Tower Resources Business Description

Industry

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Address

134 Buckingham Palace Road, Westminster, London, GBR, SW1W 9SA

Website

https://www.towerresources.co.uk

Tower Resources PLC is a upstream oil and gas company. It is engaged in the exploration of oil and gas and has exploration projects in Cameroon, South Africa, Namibia and Western Sahara. It is an operator of international licenses with a focus on projects in Africa. The company has two reportable operating segments: Africa and Head Office.