Vortex Metals (TSXV:VMS) Change In Receivables : C$-0.08 Mil (TTM As of Sep. 2023)

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What is Vortex Metals Change In Receivables?

Vortex Metals's change in receivables for the quarter that ended in Sep. 2023 was C$-0.01 Mil. It means Vortex Metals's Accounts Receivable increased by C$0.01 Mil from Jun. 2023 to Sep. 2023 .

Vortex Metals's change in receivables for the fiscal year that ended in Dec. 2022 was C$0.09 Mil. It means Vortex Metals's Accounts Receivable declined by C$0.09 Mil from Dec. 2021 to Dec. 2022 .

Vortex Metals's Accounts Receivable for the quarter that ended in Sep. 2023 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. Vortex Metals's liquidation value for the three months ended in Sep. 2023 was C$-0.80 Mil.

Vortex Metals Change In Receivables Historical Data

The historical data trend for Vortex 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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Vortex Metals Change In Receivables Chart

Vortex Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Change In Receivables

-0.02

0.09

Vortex Metals Quarterly Data
	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial								-	-0.04	-0.02	-0.01	-0.01

Vortex 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.08 Mil.

Vortex Metals (TSXV:VMS) 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.

Vortex Metals's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.087	/	0	*	91
=

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

Vortex Metals's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.69	-	1.556	+	0.75 * 0.087	+	0.5 * 0
=	-0.80

Vortex Metals Change In Receivables Related Terms

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Vortex Metals (TSXV:VMS) Business Description

Industry

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

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Traded in Other Exchanges

VMSSF:USA DM8:Germany

Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

Vortex Metals Inc is engaged in the acquisition and exploration business. The company has an interest in two drill-ready high potential copper-gold volcanogenic massive sulfide (VMS) properties (Riqueza Marina and Zaachila) in the state of Oaxaca, and a third high-potential gold property (El Rescate) in the state of Puebla. The company has interest in Mexico Properties project.

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