Golden Shield Resources (XCNQ:GSRI) Change In Receivables : C$0.01 Mil (TTM As of Jul. 2024)

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What is Golden Shield Resources Change In Receivables?

Golden Shield Resources's change in receivables for the quarter that ended in Jul. 2024 was C$-0.01 Mil. It means Golden Shield Resources's Accounts Receivable increased by C$0.01 Mil from Apr. 2024 to Jul. 2024 .

Golden Shield Resources's change in receivables for the fiscal year that ended in Jul. 2024 was C$0.01 Mil. It means Golden Shield Resources's Accounts Receivable declined by C$0.01 Mil from Jul. 2023 to Jul. 2024 .

Golden Shield 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. Golden Shield Resources's liquidation value for the three months ended in Jul. 2024 was C$-0.23 Mil.

Golden Shield Resources Change In Receivables Historical Data

The historical data trend for Golden Shield 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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Golden Shield Resources Change In Receivables Chart

Golden Shield Resources Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

Change In Receivables

0.01

-0.05

0.01

Golden Shield Resources Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Change In Receivables	Get a 7-Day Free Trial							-	-0.01	-0.01	0.04	-0.01

Golden Shield 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$0.01 Mil.

Golden Shield Resources (XCNQ:GSRI) 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.

Golden Shield 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, Golden Shield Resources's accounts receivable are only considered to be worth 75% of book value:

Golden Shield 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)
=	0.191	-	0.416	+	0.75 * 0	+	0.5 * 0
=	-0.23

Golden Shield Resources Change In Receivables Related Terms

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Golden Shield Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Shield Resources Inc (XCNQ:GSRI) » Definitions » Change In Receivables

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GSRFF:USA 4LE0:Germany

Address

1095 West Pender Street, Suite 750, Vancouver, BC, CAN, V6E 2M6

Website

https://www.goldenshield.ca

Golden Shield Resources Inc is engaged in the identification, acquisition, evaluation, and exploration of mineral properties in Guyana. The company projects includes Marudi Mountain, Arakaka, and Fish Creek.

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