Torq Resources (Torq Resources) Change In Receivables : $0.03 Mil (TTM As of Mar. 2024)

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What is Torq Resources Change In Receivables?

Torq Resources's change in receivables for the quarter that ended in Mar. 2024 was $-0.01 Mil. It means Torq Resources's Accounts Receivable increased by $0.01 Mil from Dec. 2023 to Mar. 2024 .

Torq Resources's change in receivables for the fiscal year that ended in Dec. 2023 was $0.02 Mil. It means Torq Resources's Accounts Receivable declined by $0.02 Mil from Dec. 2022 to Dec. 2023 .

Torq Resources's Accounts Receivable for the quarter that ended in Mar. 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. Torq Resources's liquidation value for the three months ended in Mar. 2024 was $-1.72 Mil.

Torq Resources Change In Receivables Historical Data

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

Torq Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.01

-0.08

0.06

0.02

Torq Resources 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															-0.03	-0.01	0.04	-	-0.01

Torq 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.03 Mil.

Torq Resources (OTCPK:TRBMF) 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.

Torq Resources's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.034	/	0	*	91
=

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

Torq Resources'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)
=	1.674	-	3.417	+	0.75 * 0.034	+	0.5 * 0
=	-1.72

Torq Resources Change In Receivables Related Terms

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Torq Resources (Torq Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Torq Resources Inc (OTCPK:TRBMF) » Definitions » Change In Receivables

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Traded in Other Exchanges

S8QN:Germany TORQ:Canada

Address

1177 West Hastings Street, Suite 1630, Vancouver, BC, CAN, V6E 2K3

Website

https://www.torqresources.com

Torq Resources Inc is a copper and gold exploration company with a portfolio of premium holdings in Chile. Its projects include Santa Cecilia gold-copper project, Margarita iron-oxide copper-gold project, and the Andrea copper porphyry project.