79North (XCNQ:JQ) Change In Receivables : C$0.01 Mil (TTM As of Feb. 2024)

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What is 79North Change In Receivables?

79North's change in receivables for the quarter that ended in Feb. 2024 was C$0.01 Mil. It means 79North's Accounts Receivable declined by C$0.01 Mil from Nov. 2023 to Feb. 2024 .

79North's change in receivables for the fiscal year that ended in Nov. 2023 was C$0.01 Mil. It means 79North's Accounts Receivable declined by C$0.01 Mil from Nov. 2022 to Nov. 2023 .

79North's Accounts Receivable for the quarter that ended in Feb. 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. 79North's liquidation value for the three months ended in Feb. 2024 was C$-0.57 Mil.

79North Change In Receivables Historical Data

The historical data trend for 79North'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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79North Change In Receivables Chart

79North Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Receivables

-0.02

-0.09

0.11

-0.01

0.01

79North Quarterly Data
	Aug19	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														0.01	0.01	-0.01	0.01	0.01

79North 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$0.01 Mil.

79North (XCNQ:JQ) 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.

79North's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.001	/	0	*	91
=

2. In Ben Graham's calculation of liquidation value, 79North's accounts receivable are only considered to be worth 75% of book value:

79North'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)
=	0.017	-	0.589	+	0.75 * 0.001	+	0.5 * 0
=	-0.57

79North Change In Receivables Related Terms

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79North (XCNQ:JQ) Business Description

Industry

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SVNTF:USA

Address

82 Richmond Street East, Suite 306, Toronto, ON, CAN, M5C 1P1

Website

https://www.79north.ca

79North Inc is a mineral exploration company focused on the acquisition, exploration, and development of properties for the mining of gold and other minerals. It holds an interest in the Suriname property. The Company primarily operates in one reportable operating segment, the exploration and evaluation of gold properties in Suriname.

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