Great Atlantic Resources (TSXV:GR) Change In Receivables : C$-0.09 Mil (TTM As of Nov. 2023)

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What is Great Atlantic Resources Change In Receivables?

Great Atlantic Resources's change in receivables for the quarter that ended in Nov. 2023 was C$-0.05 Mil. It means Great Atlantic Resources's Accounts Receivable increased by C$0.05 Mil from Aug. 2023 to Nov. 2023 .

Great Atlantic Resources's change in receivables for the fiscal year that ended in Feb. 2023 was C$0.04 Mil. It means Great Atlantic Resources's Accounts Receivable declined by C$0.04 Mil from Feb. 2022 to Feb. 2023 .

Great Atlantic Resources's Accounts Receivable for the quarter that ended in Nov. 2023 was C$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. Great Atlantic Resources's liquidation value for the three months ended in Nov. 2023 was C$-2.36 Mil.

Great Atlantic Resources Change In Receivables Historical Data

The historical data trend for Great Atlantic 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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Great Atlantic Resources Change In Receivables Chart

Great Atlantic Resources Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Change In Receivables

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-0.06

-0.07

0.04

Great Atlantic Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Change In Receivables	Get a 7-Day Free Trial															0.02	-	-0.04	-0.01	-0.05

Great Atlantic 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.09 Mil.

Great Atlantic Resources (TSXV:GR) 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.

Great Atlantic Resources's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.032	/	0	*	91
=

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

Great Atlantic Resources's liquidation value for the quarter that ended in Nov. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.004	-	2.391	+	0.75 * 0.032	+	0.5 * 0
=	-2.36

Great Atlantic Resources Change In Receivables Related Terms

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Great Atlantic Resources (TSXV:GR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Atlantic Resources Corp (TSXV:GR) » Definitions » Change In Receivables

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PH02:Germany

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.greatatlanticresources.com

Great Atlantic Resources Corp is engaged in the acquisition, exploration, and evaluation of its mineral property interests located in Atlantic Canada. Principally, the company explores for gold, zinc, tungsten, and antimony. It is focused on the development of various project properties including Golden Promise gold, Pilley's Island, and South Quarry properties located in Newfoundland. The company's New Brunswick project properties comprise kagoot brook, keymet, Macdougall road, and Porcupine.

Executives

Christopher Ross Anderson

10% Security Holder, Director

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