Azimut Exploration (TSXV:AZM) Change In Receivables : C$0.21 Mil (TTM As of Feb. 2024)

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What is Azimut Exploration Change In Receivables?

Azimut Exploration's change in receivables for the quarter that ended in Feb. 2024 was C$1.36 Mil. It means Azimut Exploration's Accounts Receivable declined by C$1.36 Mil from Nov. 2023 to Feb. 2024 .

Azimut Exploration's change in receivables for the fiscal year that ended in Aug. 2023 was C$0.86 Mil. It means Azimut Exploration's Accounts Receivable declined by C$0.86 Mil from Aug. 2022 to Aug. 2023 .

Azimut Exploration's Accounts Receivable for the quarter that ended in Feb. 2024 was C$1.74 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. Azimut Exploration's Days Sales Outstanding for the three months ended in Feb. 2024 was 1,481.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Azimut Exploration's liquidation value for the three months ended in Feb. 2024 was C$3.67 Mil.

Azimut Exploration Change In Receivables Historical Data

The historical data trend for Azimut Exploration'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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Azimut Exploration Change In Receivables Chart

Azimut Exploration Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Change In Receivables

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0.07

-0.27

-0.65

1.96

0.86

Azimut Exploration 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															1.09	0.12	-0.32	-0.95	1.36

Azimut Exploration 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 C$0.21 Mil.

Azimut Exploration (TSXV:AZM) 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.

Azimut Exploration's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.737	/	0.107	*	91
=	1,481.32

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

Azimut Exploration'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)
=	8.631	-	6.259	+	0.75 * 1.737	+	0.5 * 0
=	3.67

Azimut Exploration Change In Receivables Related Terms

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Azimut Exploration (TSXV:AZM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Azimut Exploration Inc (TSXV:AZM) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

AZMTF:USA

Address

110 Rue De La Barre, Bureau 224, Longueuil, QC, CAN, J4K 1A3

Website

http://www.azimut-exploration.com

Azimut Exploration Inc is engaged in the acquisition, exploration, and evaluation of mineral properties. Its projects include Elmer property, JB lithium propety, Wabamisk property, Chromaska property and others in the James Bay region and Rex-Duquet, Nantais, Doran property and others in the Nunavik region of Quebec. It mainly explores gold, nickel, lithium, chromium and other minerals and metals.

Executives

Jonathan Rosset	Senior Officer
Christiane Bergevin	Director

Azimut Exploration (TSXV:AZM) Headlines

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