Zodiac Gold (TSXV:ZAU) Change In Receivables : C$-0.08 Mil (TTM As of Dec. 2023)

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What is Zodiac Gold Change In Receivables?

Zodiac Gold's change in receivables for the quarter that ended in Dec. 2023 was C$0.00 Mil. It means Zodiac Gold's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Zodiac Gold's change in receivables for the fiscal year that ended in Mar. 2023 was C$-0.06 Mil. It means Zodiac Gold's Accounts Receivable increased by C$0.06 Mil from Mar. 2022 to Mar. 2023 .

Zodiac Gold's Accounts Receivable for the quarter that ended in Dec. 2023 was C$0.15 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. Zodiac Gold's liquidation value for the three months ended in Dec. 2023 was C$-2.01 Mil.

Zodiac Gold Change In Receivables Historical Data

The historical data trend for Zodiac Gold'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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Zodiac Gold Change In Receivables Chart

Zodiac Gold Annual Data

Trend

Mar22

Mar23

Change In Receivables

-0.06

Zodiac Gold Quarterly Data
	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial			-	-	-0.07	-	-

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

Zodiac Gold (TSXV:ZAU) 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.

Zodiac Gold's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.145	/	0	*	91
=

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

Zodiac Gold's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.03	-	2.147	+	0.75 * 0.145	+	0.5 * 0
=	-2.01

Zodiac Gold Change In Receivables Related Terms

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Zodiac Gold Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

833 Seymour Street, Suite 3606, Vancouver, BC, CAN, V6B 0G4

Website

https://www.zodiac-gold.com

Zodiac Gold Inc is a gold exploration company focused on its prospective portfolio of gold properties in Liberia, West Africa. The company's flagship Todi gold project located along the Todi shear zone.

Executives

David Stephen Kol	10% Security Holder, Director, Senior Officer
Mark J. Kol	Director

Zodiac Gold Headlines

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