NTVMF (Elevation Gold Mining) Change In Receivables : $0.17 Mil (TTM As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Elevation Gold Mining Change In Receivables?

Elevation Gold Mining's change in receivables for the quarter that ended in Mar. 2024 was $0.13 Mil. It means Elevation Gold Mining's Accounts Receivable declined by $0.13 Mil from Dec. 2023 to Mar. 2024 .

Elevation Gold Mining's change in receivables for the fiscal year that ended in Dec. 2023 was $0.15 Mil. It means Elevation Gold Mining's Accounts Receivable declined by $0.15 Mil from Dec. 2022 to Dec. 2023 .

Elevation Gold Mining's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.01 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. Elevation Gold Mining's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.08.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Elevation Gold Mining's liquidation value for the three months ended in Mar. 2024 was $-60.64 Mil.

Elevation Gold Mining Change In Receivables Historical Data

The historical data trend for Elevation Gold Mining'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.

Elevation Gold Mining Change In Receivables Chart

Elevation Gold Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Change In Receivables

Get a 7-Day Free Trial

-0.32

0.04

-0.23

0.15

Elevation Gold Mining 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															0.11	0.09	0.06	-0.11	0.13

Elevation Gold Mining 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 $0.17 Mil.

Elevation Gold Mining (OTCPK:NTVMF) 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.

Elevation Gold Mining's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.011	/	12.943	*	91
=	0.08

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

Elevation Gold Mining'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)
=	0.325	-	77.72	+	0.75 * 0.011	+	0.5 * 33.485
=	-60.64

Elevation Gold Mining Change In Receivables Related Terms

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

Elevation Gold Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elevation Gold Mining Corp (OTCPK:NTVMF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

1188 West Georgia, Suite 1920, Vancouver, BC, CAN, V6E 4A2

Website

https://www.elevationgold.com

Elevation Gold Mining Corp operates as a precious metals exploration and mining company. It acquires, explores for, and develops mineral properties in the United States and Canada. The company's principal operation is the production of gold and silver from Moss Mine in the Mohave County of Arizona. It also holds title to the Hercules exploration property, located in Lyon County, Nevada.