Africa Resources AB (NGM:AFRI) Change In Receivables : kr0.00 Mil (TTM As of Mar. 2024)

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What is Africa Resources AB Change In Receivables?

Africa Resources AB's change in receivables for the quarter that ended in Mar. 2024 was kr-0.02 Mil. It means Africa Resources AB's Accounts Receivable increased by kr0.02 Mil from Dec. 2023 to Mar. 2024 .

Africa Resources AB's change in receivables for the fiscal year that ended in Dec. 2023 was kr-0.00 Mil. It means Africa Resources AB's Accounts Receivable increased by kr0.00 Mil from Dec. 2022 to Dec. 2023 .

Africa Resources AB's Accounts Receivable for the quarter that ended in Mar. 2024 was kr0.00 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. Africa Resources AB's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Africa Resources AB's liquidation value for the three months ended in Mar. 2024 was kr-5.40 Mil.

Africa Resources AB Change In Receivables Historical Data

The historical data trend for Africa Resources AB'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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Africa Resources AB Change In Receivables Chart

Africa Resources AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.02

-0.04

0.05

0.04

Africa Resources AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-0.02	0.01	0.02	-0.01	-0.02

Africa Resources AB 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr0.00 Mil.

Africa Resources AB (NGM:AFRI) 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.

Africa Resources AB's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0.743	*	91
=	0.00

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

Africa Resources AB's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.258	-	5.814	+	0.75 * 0	+	0.5 * 0.322
=	-5.40

Africa Resources AB Change In Receivables Related Terms

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Africa Resources AB (NGM:AFRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Africa Resources AB (NGM:AFRI) » Definitions » Change In Receivables

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Traded in Other Exchanges

N/A

Address

Engelbrektsgatan 7, 1 trp, Stockholm, SWE, 11432

Website

http://www.africaresources.se

Africa Resources AB is engaged in exploration and extraction of minerals in Africa. The company is developing projects based on collaborations with local expertise and partners.

Africa Resources AB (NGM:AFRI) Headlines

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