Prospect Ridge Resources (XCNQ:PRR) Change In Receivables : C$-0.01 Mil (TTM As of Feb. 2024)

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What is Prospect Ridge Resources Change In Receivables?

Prospect Ridge Resources's change in receivables for the quarter that ended in Feb. 2024 was C$0.05 Mil. It means Prospect Ridge Resources's Accounts Receivable declined by C$0.05 Mil from Nov. 2023 to Feb. 2024 .

Prospect Ridge Resources's change in receivables for the fiscal year that ended in Aug. 2023 was C$0.17 Mil. It means Prospect Ridge Resources's Accounts Receivable declined by C$0.17 Mil from Aug. 2022 to Aug. 2023 .

Prospect Ridge Resources's Accounts Receivable for the quarter that ended in Feb. 2024 was C$0.03 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. Prospect Ridge Resources's liquidation value for the three months ended in Feb. 2024 was C$0.14 Mil.

Prospect Ridge Resources Change In Receivables Historical Data

The historical data trend for Prospect Ridge 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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Prospect Ridge Resources Change In Receivables Chart

Prospect Ridge Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Change In Receivables

-0.01

-0.64

0.17

Prospect Ridge Resources Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial								-0.10	-0.01	-	-0.06	0.05

Prospect Ridge 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.01 Mil.

Prospect Ridge Resources (XCNQ:PRR) 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.

Prospect Ridge Resources's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.032	/	0	*	91
=

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

Prospect Ridge Resources'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)
=	0.47	-	0.352	+	0.75 * 0.032	+	0.5 * 0
=	0.14

Prospect Ridge Resources Change In Receivables Related Terms

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Prospect Ridge Resources (XCNQ:PRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prospect Ridge Resources Corp (XCNQ:PRR) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

PRRSF:USA

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.prospectridgeresources.com

Prospect Ridge Resources Corp is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral projects in North America. The company's material property is the Galinee Project, consisting of 15 contiguous mineral claims covering an area of approximately 839.45 hectares in the province of Quebec. It also holds interest in Holy Grail Property which is located north of Terrace, BC. It started the project Knauss Creek Property.

Executives

Michael Alexander Iverson	Director, Senior Officer
Yan Ducharme	Senior Officer

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