Oceanic Iron Ore (TSXV:FEO) Change In Receivables : C$0.01 Mil (TTM As of Mar. 2024)

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What is Oceanic Iron Ore Change In Receivables?

Oceanic Iron Ore's change in receivables for the quarter that ended in Mar. 2024 was C$0.01 Mil. It means Oceanic Iron Ore's Accounts Receivable declined by C$0.01 Mil from Dec. 2023 to Mar. 2024 .

Oceanic Iron Ore's change in receivables for the fiscal year that ended in Dec. 2023 was C$0.00 Mil. It means Oceanic Iron Ore's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Oceanic Iron Ore's Accounts Receivable for the quarter that ended in Mar. 2024 was C$0.00 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. Oceanic Iron Ore's liquidation value for the three months ended in Mar. 2024 was C$-5.09 Mil.

Oceanic Iron Ore Change In Receivables Historical Data

The historical data trend for Oceanic Iron Ore'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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Oceanic Iron Ore Change In Receivables Chart

Oceanic Iron Ore Annual Data

Trend

Mar14

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Dec23

Change In Receivables

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0.01

0.02

Oceanic Iron Ore Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	0.01

Oceanic Iron Ore 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$0.01 Mil.

Oceanic Iron Ore (TSXV:FEO) 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.

Oceanic Iron Ore's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.001	/	0	*	91
=

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

Oceanic Iron Ore'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)
=	0.217	-	5.31	+	0.75 * 0.001	+	0.5 * 0
=	-5.09

Oceanic Iron Ore Change In Receivables Related Terms

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Oceanic Iron Ore (TSXV:FEO) Business Description

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FEOVF:USA

Address

595 Burrard Street, Suite 3083, Three Bentall Centre, Vancouver, BC, CAN, V7X 1L3

Website

https://www.oceanicironore.com

Oceanic Iron Ore Corp is an exploration-stage company. It is engaged in the acquisition and exploration of iron ore properties in Quebec, Canada. The company focuses on the operations of the Ungava Bay iron property in Nunavik, Quebec which consists of three project areas: Hopes Advance, Morgan Lake, and Roberts Lake.

Executives