Omineca Mining and Metals (Omineca Mining and Metals) Change In Receivables : $0.10 Mil (TTM As of Mar. 2024)

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What is Omineca Mining and Metals Change In Receivables?

Omineca Mining and Metals's change in receivables for the quarter that ended in Mar. 2024 was $-0.02 Mil. It means Omineca Mining and Metals's Accounts Receivable increased by $0.02 Mil from Dec. 2023 to Mar. 2024 .

Omineca Mining and Metals's change in receivables for the fiscal year that ended in Dec. 2023 was $0.14 Mil. It means Omineca Mining and Metals's Accounts Receivable declined by $0.14 Mil from Dec. 2022 to Dec. 2023 .

Omineca Mining and Metals's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.10 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. Omineca Mining and Metals's liquidation value for the three months ended in Mar. 2024 was $-7.41 Mil.

Omineca Mining and Metals Change In Receivables Historical Data

The historical data trend for Omineca Mining and Metals'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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Omineca Mining and Metals Change In Receivables Chart

Omineca Mining and Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.04

-0.03

0.14

Omineca Mining and Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															0.01	0.02	-	0.12	-0.02

Omineca Mining and Metals 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 $0.10 Mil.

Omineca Mining and Metals (OTCPK:OMMSF) 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.

Omineca Mining and Metals's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.095	/	0	*	91
=

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

Omineca Mining and Metals'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)
=	0.558	-	8.042	+	0.75 * 0.095	+	0.5 * 0
=	-7.41

Omineca Mining and Metals Change In Receivables Related Terms

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Omineca Mining and Metals (Omineca Mining and Metals) Business Description

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

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Traded in Other Exchanges

OMM:Canada

Address

224-4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website

https://www.ominecaminingandmetals.com

Omineca Mining and Metals Ltd is a junior gold company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. Its exploration and evaluation properties are classified into two geographical locations, namely British Columbia and the Yukon. The company's properties include the Fraser Canyon, Mouse Mountain, Wingdam and others.

Omineca Mining and Metals (Omineca Mining and Metals) Headlines

From GuruFocus

Omineca Intercepts 8 Meters of 25.41 g/m3 Placer Gold in Geotechnical Drilling from the Wingdam Underground Placer Gold Project

By PRNewswire • 02-12-2024