General Copper Gold (XCNQ:GGLD) Change In Receivables : C$0.02 Mil (TTM As of Feb. 2024)

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What is General Copper Gold Change In Receivables?

General Copper Gold's change in receivables for the quarter that ended in Feb. 2024 was C$0.03 Mil. It means General Copper Gold's Accounts Receivable declined by C$0.03 Mil from Nov. 2023 to Feb. 2024 .

General Copper Gold's change in receivables for the fiscal year that ended in Aug. 2023 was C$0.05 Mil. It means General Copper Gold's Accounts Receivable declined by C$0.05 Mil from Aug. 2022 to Aug. 2023 .

General Copper Gold's Accounts Receivable for the quarter that ended in Feb. 2024 was C$0.01 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. General Copper Gold's liquidation value for the three months ended in Feb. 2024 was C$-0.27 Mil.

General Copper Gold Change In Receivables Historical Data

The historical data trend for General Copper 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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General Copper Gold Change In Receivables Chart

General Copper Gold Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Change In Receivables

-0.01

-0.08

0.05

General Copper Gold Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial													0.10	-	-	-	0.03

General Copper 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.02 Mil.

General Copper Gold (XCNQ:GGLD) 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.

General Copper Gold's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.005	/	0	*	91
=

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

General Copper Gold's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.003	-	0.275	+	0.75 * 0.005	+	0.5 * 0
=	-0.27

General Copper Gold Change In Receivables Related Terms

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General Copper Gold (XCNQ:GGLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » General Copper Gold Corp (XCNQ:GGLD) » Definitions » Change In Receivables

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GNRGF:USA

Address

1558 West Hastings Street, Vancouver, BC, CAN, V6G3J4

Website

https://www.generalgold.ca

General Copper Gold Corp is an independent mineral exploration company. It is engaged in the business of exploring and evaluating mineral properties. The company is exploring 770 hectares of Clark's Brook gold property in central Newfoundland as well as the 2,313 hectares of Topley Richfield copper-gold property in British Columbia.

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