Nican (NILTF) Change In Receivables : $-0.01 Mil (TTM As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Nican Change In Receivables?

Nican's change in receivables for the quarter that ended in Sep. 2024 was $-0.00 Mil. It means Nican's Accounts Receivable increased by $0.00 Mil from Jun. 2024 to Sep. 2024 .

Nican's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.04 Mil. It means Nican's Accounts Receivable increased by $0.04 Mil from Dec. 2022 to Dec. 2023 .

Nican's Accounts Receivable for the quarter that ended in Sep. 2024 was $0.03 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. Nican's liquidation value for the three months ended in Sep. 2024 was $0.43 Mil.

Nican Change In Receivables Historical Data

The historical data trend for Nican'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.

* Premium members only.

Nican Change In Receivables Chart

Nican Annual Data

Trend

Dec21

Dec22

Dec23

Change In Receivables

-0.06

-0.04

Nican Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial								0.01	-0.07	0.02	0.05	-

Nican 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.01 Mil.

Nican (OTCPK:NILTF) 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.

Nican's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.032	/	0	*	91
=

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

Nican's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.918	-	0.516	+	0.75 * 0.032	+	0.5 * 0
=	0.43

Nican Change In Receivables Related Terms

Thank you for viewing the detailed overview of Nican's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Nican Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nican Ltd (OTCPK:NILTF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

NICN:Canada

Address

390 Bay Street, Suite 700A, Toronto, ON, CAN, M4V 1X7

Website

https://www.nicanltd.com

Nican Ltd engages in exploring, developing, operating, and financing mining assets. Its principal business activity is the exploration and evaluation of mineral properties. The company is focused on nickel-copper opportunities in stable jurisdictions on known mineral belts. Its project comprises of wine project and pipy project both located in well-established mining jurisdictions in Manitoba, Canada.

Nican Headlines

No Headlines