G Mining Ventures (TSX:GMIN) Change In Receivables : C$-1.60 Mil (TTM As of Mar. 2024)

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What is G Mining Ventures Change In Receivables?

G Mining Ventures's change in receivables for the quarter that ended in Mar. 2024 was C$-0.82 Mil. It means G Mining Ventures's Accounts Receivable increased by C$0.82 Mil from Dec. 2023 to Mar. 2024 .

G Mining Ventures's change in receivables for the fiscal year that ended in Dec. 2023 was C$-0.55 Mil. It means G Mining Ventures's Accounts Receivable increased by C$0.55 Mil from Dec. 2022 to Dec. 2023 .

G Mining Ventures's Accounts Receivable for the quarter that ended in Mar. 2024 was C$3.17 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. G Mining Ventures's liquidation value for the three months ended in Mar. 2024 was C$-460.82 Mil.

G Mining Ventures Change In Receivables Historical Data

The historical data trend for G Mining Ventures'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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G Mining Ventures Change In Receivables Chart

G Mining Ventures Annual Data

Trend

Oct18

Oct19

Oct20

Dec22

Dec23

Change In Receivables

-0.02

-1.35

-0.55

G Mining Ventures Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															0.24	-0.57	-0.42	0.21	-0.82

G Mining Ventures 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 C$-1.60 Mil.

G Mining Ventures (TSX:GMIN) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.167	/	0	*	91
=

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

G Mining Ventures'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)
=	28.163	-	503.748	+	0.75 * 3.167	+	0.5 * 24.786
=	-460.82

G Mining Ventures Change In Receivables Related Terms

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G Mining Ventures (TSX:GMIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » G Mining Ventures Corp (TSX:GMIN) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

GMINF:USA 0WQ0:Germany

Address

7900 Boul. Taschereau, Building D, Suite 210, Brossard, QC, CAN, J4X 1C2

Website

https://www.gminingventures.com

G Mining Ventures Corp is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects. Its flagship asset, the permitted Tocantinzinho Project, is located in Para State, Brazil. Tocantinzinho is an open-pit gold deposit containing around 2.0 million ounces of reserves at 1.3 g/t. The deposit is open at depth and the underexplored 688km2 land package presents an additional exploration potential. It has one operating segment, the exploration and development of mineral properties.

Executives

Julie-anais Debreil

Senior Officer

G Mining Ventures (TSX:GMIN) Headlines

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