South Pacific Metals (TSXV:SPMC) Change In Receivables : C$-0.03 Mil (TTM As of Sep. 2024)

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What is South Pacific Metals Change In Receivables?

South Pacific Metals's change in receivables for the quarter that ended in Sep. 2024 was C$-0.01 Mil. It means South Pacific Metals's Accounts Receivable increased by C$0.01 Mil from Jun. 2024 to Sep. 2024 .

South Pacific Metals's change in receivables for the fiscal year that ended in Dec. 2023 was C$-0.07 Mil. It means South Pacific Metals's Accounts Receivable increased by C$0.07 Mil from Dec. 2022 to Dec. 2023 .

South Pacific Metals's Accounts Receivable for the quarter that ended in Sep. 2024 was C$0.09 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. South Pacific Metals's liquidation value for the three months ended in Sep. 2024 was C$0.78 Mil.

South Pacific Metals Change In Receivables Historical Data

The historical data trend for South Pacific Metals'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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South Pacific Metals Change In Receivables Chart

South Pacific Metals Annual Data

Trend

Nov20

Dec22

Dec23

Change In Receivables

-0.01

0.07

-0.07

South Pacific Metals Quarterly Data
	Feb20	Jun20	Nov20	Feb21	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial												0.16	-0.03	0.02	-0.01	-0.01

South Pacific Metals 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.03 Mil.

South Pacific Metals (TSXV:SPMC) 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.

South Pacific Metals's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.093	/	0	*	91
=

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

South Pacific Metals's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.867	-	0.152	+	0.75 * 0.093	+	0.5 * 0
=	0.78

South Pacific Metals Change In Receivables Related Terms

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South Pacific Metals Business Description

Industry

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SPMEF:USA

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.southpacificmetals.ca

South Pacific Metals Corp is an emerging gold-copper exploration company operating in the heart of Papua New Guinea's gold and copper production corridors. With an expansive 3,000 sqkm land package and four transformative gold-copper projects contiguous with producers K92 Mining, PanAust and neighbouring Barrick Gold, new leadership and experienced in-country teams are prioritizing thoughtful and rigorous technical programs focused on boots-on-the-ground exploration to prioritize discovery across its portfolio projects: Anga, Osena, Kili Teke and May River.