GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lovitt Resources Inc (TSXV:LRC.H) » Definitions » Change In Receivables

Lovitt Resources (TSXV:LRC.H) Change In Receivables : C$0.14 Mil (TTM As of Mar. 2023)


View and export this data going back to 1980. Start your Free Trial

What is Lovitt Resources Change In Receivables?

Lovitt Resources's change in receivables for the quarter that ended in Mar. 2023 was C$0.00 Mil. It means Lovitt Resources's Accounts Receivable stayed the same from Dec. 2022 to Mar. 2023 .

Lovitt Resources's change in receivables for the fiscal year that ended in Jun. 2022 was C$0.00 Mil. It means Lovitt Resources's Accounts Receivable declined by C$0.00 Mil from Jun. 2021 to Jun. 2022 .

Lovitt Resources's Accounts Receivable for the quarter that ended in Mar. 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. Lovitt Resources's liquidation value for the three months ended in Mar. 2023 was C$-2.75 Mil.


Lovitt Resources Change In Receivables Historical Data

The historical data trend for Lovitt 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.

* Premium members only.

Lovitt Resources Change In Receivables Chart

Lovitt Resources Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Mar16 Mar17 Mar18 Mar19 Jun21 Jun22
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -0.07 - -

Lovitt Resources Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.01 0.01 0.06 0.06 -

Lovitt 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.14 Mil.

* 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.


Lovitt Resources  (TSXV:LRC.H) 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.

Lovitt Resources's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.003/0*91
=

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

Lovitt Resources's liquidation value for the quarter that ended in Mar. 2023 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.071-2.826+0.75 * 0.003+0.5 * 0
=-2.75

* 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.


Lovitt Resources Change In Receivables Related Terms

Thank you for viewing the detailed overview of Lovitt Resources's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.


Lovitt Resources (TSXV:LRC.H) Business Description

Traded in Other Exchanges
N/A
Address
1942 167 Street, Surrey, British Columbia, BC, CAN, V3Z 9R4
Lovitt Resources Inc is engaged in the development of gold resources in North America. It holds land and mineral interests located in Wenatchee, Washington, U.S.A. The company finances its operations by selling land. The geopraphical segments include United States and Canada.

Lovitt Resources (TSXV:LRC.H) Headlines

No Headlines