Quartz Mountain Resources (TSXV:QZM) Change In Receivables : C$-0.08 Mil (TTM As of Jul. 2024)

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What is Quartz Mountain Resources Change In Receivables?

Quartz Mountain Resources's change in receivables for the quarter that ended in Jul. 2024 was C$-0.07 Mil. It means Quartz Mountain Resources's Accounts Receivable increased by C$0.07 Mil from Apr. 2024 to Jul. 2024 .

Quartz Mountain Resources's change in receivables for the fiscal year that ended in Jul. 2024 was C$-0.08 Mil. It means Quartz Mountain Resources's Accounts Receivable increased by C$0.08 Mil from Jul. 2023 to Jul. 2024 .

Quartz Mountain Resources's Accounts Receivable for the quarter that ended in Jul. 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. Quartz Mountain Resources's liquidation value for the three months ended in Jul. 2024 was C$1.57 Mil.

Quartz Mountain Resources Change In Receivables Historical Data

The historical data trend for Quartz Mountain 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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Quartz Mountain Resources Change In Receivables Chart

Quartz Mountain Resources Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Change In Receivables

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0.01

-0.01

-0.08

Quartz Mountain Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Change In Receivables	Get a 7-Day Free Trial															-	-0.02	-0.01	0.03	-0.07

Quartz Mountain 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.08 Mil.

Quartz Mountain Resources (TSXV:QZM) 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.

Quartz Mountain Resources's Days Sales Outstanding for the quarter that ended in Jul. 2024 is calculated as:

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

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

Quartz Mountain Resources's liquidation value for the quarter that ended in Jul. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.906	-	0.333	+	0.75 * 0	+	0.5 * 0
=	1.57

Quartz Mountain Resources Change In Receivables Related Terms

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Quartz Mountain Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quartz Mountain Resources Ltd (TSXV:QZM) » Definitions » Change In Receivables

Comparable Companies

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QZMRF:USA

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.quartzmountainresources.com

Quartz Mountain Resources Ltd is in the business of exploring and developing mineral properties in Canada. It is focused on acquiring, exploring, developing, and transacting important scale gold, silver, and copper deposits in British Columbia. The projects that the company holds an interest in are the Maestro project and the Jake project. All the company's assets are located in Canada.

Executives

Robert Allan Dickinson	10% Security Holder, Senior Officer
Matthew Robert Dickinson	Director

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