Okmin Resources (Okmin Resources) Change In Receivables : $0.04 Mil (TTM As of Dec. 2023)

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What is Okmin Resources Change In Receivables?

Okmin Resources's change in receivables for the quarter that ended in Dec. 2023 was $-0.00 Mil. It means Okmin Resources's Accounts Receivable increased by $0.00 Mil from Sep. 2023 to Dec. 2023 .

Okmin Resources's change in receivables for the fiscal year that ended in Jun. 2023 was $0.00 Mil. It means Okmin Resources's Accounts Receivable stayed the same from Jun. 2022 to Jun. 2023 .

Okmin Resources's Accounts Receivable for the quarter that ended in Dec. 2023 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. Okmin Resources's Days Sales Outstanding for the three months ended in Dec. 2023 was 39.67.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Okmin Resources's liquidation value for the three months ended in Dec. 2023 was $-0.29 Mil.

Okmin Resources Change In Receivables Historical Data

The historical data trend for Okmin 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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Okmin Resources Change In Receivables Chart

Okmin Resources Annual Data

Trend

Jun21

Jun22

Jun23

Change In Receivables

-0.03

Okmin Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial							-0.02	0.06	-0.02	-0.01	-

Okmin 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.04 Mil.

Okmin Resources (OTCPK:OKMN) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.01	/	0.023	*	91
=	39.67

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

Okmin Resources'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)
=	0.113	-	0.409	+	0.75 * 0.01	+	0.5 * 0
=	-0.29

Okmin Resources Change In Receivables Related Terms

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Okmin Resources (Okmin Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Okmin Resources Inc (OTCPK:OKMN) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

16501 Ventura Boulevard, Suite 400, Encino, Los Angeles, CA, USA, 91436

Website

https://www.okminresources.com

Okmin Resources Inc is a natural resource exploration stage company that seeks to acquire, explore, and develop natural resource assets. It engages in the business of the acquisition, exploration, and development of mineral rights and natural resource assets. The company's projects are located in Oklahoma and Kansas. Its projects comprise Vitt Project Kansas; West Sheppard Pool Field in North East Oklahoma; and Pushmataha in South East Oklahoma.

Executives

Roy Mansano	10 percent owner	5343 OSTROM AVE., ENCINO CA 91316
Thomas Lapinski	director	16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436
Jonathan Herzog	director, 10 percent owner, officer: President and CEO	16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436

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