Reflex Advanced Materials (XCNQ:RFLX) Change In Receivables : C$-0.08 Mil (TTM As of Jan. 2024)

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What is Reflex Advanced Materials Change In Receivables?

Reflex Advanced Materials's change in receivables for the quarter that ended in Jan. 2024 was C$-0.04 Mil. It means Reflex Advanced Materials's Accounts Receivable increased by C$0.04 Mil from Oct. 2023 to Jan. 2024 .

Reflex Advanced Materials's change in receivables for the fiscal year that ended in Jan. 2024 was C$-0.08 Mil. It means Reflex Advanced Materials's Accounts Receivable increased by C$0.08 Mil from Jan. 2023 to Jan. 2024 .

Reflex Advanced Materials's Accounts Receivable for the quarter that ended in Jan. 2024 was C$0.12 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. Reflex Advanced Materials's liquidation value for the three months ended in Jan. 2024 was C$-0.19 Mil.

Reflex Advanced Materials Change In Receivables Historical Data

The historical data trend for Reflex Advanced Materials'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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Reflex Advanced Materials Change In Receivables Chart

Reflex Advanced Materials Annual Data

Trend

Jan22

Jan23

Jan24

Change In Receivables

-0.03

-0.08

Reflex Advanced Materials Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial					-0.01	-0.03	-0.06	0.05	-0.04

Reflex Advanced Materials 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.08 Mil.

Reflex Advanced Materials (XCNQ:RFLX) 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.

Reflex Advanced Materials's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.118	/	0	*	91
=

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

Reflex Advanced Materials's liquidation value for the quarter that ended in Jan. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.065	-	0.342	+	0.75 * 0.118	+	0.5 * 0
=	-0.19

Reflex Advanced Materials Change In Receivables Related Terms

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Reflex Advanced Materials (XCNQ:RFLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Reflex Advanced Materials Corp (XCNQ:RFLX) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

RFLXF:USA HF2:Germany

Address

905 West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6

Website

https://www.reflexmaterials.com

Reflex Advanced Materials Corp is engaged in the business of mineral exploration in Canada. The company is working to advance its ZigZag Lake Lithium Property, located in Thunder Bay Mining Division, Crescent Lake Area, Ontario, Canada.

Executives

Dave Bowen

10% Security Holder, Deemed Insider - 6 Months before becoming Insider, Director, Senior Officer

Reflex Advanced Materials (XCNQ:RFLX) Headlines

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