Sun Summit Minerals (Sun Summit Minerals) Change In Receivables : $0.01 Mil (TTM As of Feb. 2024)

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What is Sun Summit Minerals Change In Receivables?

Sun Summit Minerals's change in receivables for the quarter that ended in Feb. 2024 was $0.12 Mil. It means Sun Summit Minerals's Accounts Receivable declined by $0.12 Mil from Nov. 2023 to Feb. 2024 .

Sun Summit Minerals's change in receivables for the fiscal year that ended in Nov. 2023 was $-0.06 Mil. It means Sun Summit Minerals's Accounts Receivable increased by $0.06 Mil from Nov. 2022 to Nov. 2023 .

Sun Summit Minerals's Accounts Receivable for the quarter that ended in Feb. 2024 was $0.02 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. Sun Summit Minerals's liquidation value for the three months ended in Feb. 2024 was $0.06 Mil.

Sun Summit Minerals Change In Receivables Historical Data

The historical data trend for Sun Summit Minerals'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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Sun Summit Minerals Change In Receivables Chart

Sun Summit Minerals Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Receivables

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0.04

-0.05

-0.07

0.06

-0.06

Sun Summit Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial															0.05	-0.04	-0.04	-0.03	0.12

Sun Summit Minerals 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.01 Mil.

Sun Summit Minerals (OTCPK:SMREF) 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.

Sun Summit Minerals's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.021	/	0	*	91
=

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

Sun Summit Minerals's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.161	-	0.12	+	0.75 * 0.021	+	0.5 * 0
=	0.06

Sun Summit Minerals Change In Receivables Related Terms

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Sun Summit Minerals (Sun Summit Minerals) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sun Summit Minerals Corp (OTCPK:SMREF) » Definitions » Change In Receivables

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SMN:Canada

Address

889 West Pender Street, c/o Suite 800, Vancouver, BC, CAN, V6C 3B2

Website

https://www.sunsummitminerals.com

Sun Summit Minerals Corp is a Canadian mineral exploration company. The company is focused on developing a resource at the flagship Buck Project located in central British Columbia. Its projects include Chunibas Project, 1068 Project, and Other Projects. The company conducts its operations in Canada and Mexico.

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