Fredonia Mining (TSXV:FRED) Change In Receivables : C$-0.02 Mil (TTM As of Dec. 2023)

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What is Fredonia Mining Change In Receivables?

Fredonia Mining's change in receivables for the quarter that ended in Dec. 2023 was C$0.00 Mil. It means Fredonia Mining's Accounts Receivable declined by C$0.00 Mil from Sep. 2023 to Dec. 2023 .

Fredonia Mining's change in receivables for the fiscal year that ended in Sep. 2023 was C$-0.03 Mil. It means Fredonia Mining's Accounts Receivable increased by C$0.03 Mil from Sep. 2022 to Sep. 2023 .

Fredonia Mining's Accounts Receivable for the quarter that ended in Dec. 2023 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. Fredonia Mining's liquidation value for the three months ended in Dec. 2023 was C$-0.83 Mil.

Fredonia Mining Change In Receivables Historical Data

The historical data trend for Fredonia Mining'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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Fredonia Mining Change In Receivables Chart

Fredonia Mining Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Change In Receivables

-0.20

0.03

-0.03

Fredonia Mining Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial										-	-0.03	-0.01	0.02	-

Fredonia Mining 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.02 Mil.

Fredonia Mining (TSXV:FRED) 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.

Fredonia Mining's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

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

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

Fredonia Mining's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.141	-	0.97	+	0.75 * 0	+	0.5 * 0
=	-0.83

Fredonia Mining Change In Receivables Related Terms

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Fredonia Mining (TSXV:FRED) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 Bay Street, Number 700, Toronto, ON, CAN, M5H 2S6

Website

https://www.fredoniamanagement.com

Fredonia Mining Inc is engaged in the exploration of precious metals in Argentina. Fredonia holds licenses over three areas in the Deseado including the flagship El Dorado Monserrat Project, EDM, as well as El Aguila, and Hornia. Fredonia has undertaken exploration drill programs on EDM and El Aguila with encouraging results. Hornia is an underexplored area but historic drilling indicates the realistic potential for further discoveries. El Aguila is interpreted as a failed caldera with significant gold mineralization encountered in the radial as well as ring structures.

Executives

Estanislao Ricardo Auriemma

Director, Senior Officer

Fredonia Mining (TSXV:FRED) Headlines

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