Sorrento Resources (XCNQ:SRS) Change In Receivables : C$-0.03 Mil (TTM As of Dec. 2023)

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What is Sorrento Resources Change In Receivables?

Sorrento Resources's change in receivables for the quarter that ended in Dec. 2023 was C$-0.02 Mil. It means Sorrento Resources's Accounts Receivable increased by C$0.02 Mil from Sep. 2023 to Dec. 2023 .

Sorrento Resources's change in receivables for the fiscal year that ended in Jun. 2023 was C$-0.02 Mil. It means Sorrento Resources's Accounts Receivable increased by C$0.02 Mil from Jun. 2022 to Jun. 2023 .

Sorrento Resources's Accounts Receivable for the quarter that ended in Dec. 2023 was C$0.04 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. Sorrento Resources's liquidation value for the three months ended in Dec. 2023 was C$-0.06 Mil.

Sorrento Resources Change In Receivables Historical Data

The historical data trend for Sorrento 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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Sorrento Resources Change In Receivables Chart

Sorrento Resources Annual Data

Trend

Jun22

Jun23

Change In Receivables

-0.02

Sorrento Resources Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial				-0.01	-0.01	-0.01	-	-0.02

Sorrento 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.03 Mil.

Sorrento Resources (XCNQ:SRS) 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.

Sorrento Resources's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.037	/	0	*	91
=

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

Sorrento Resources's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.027	-	0.115	+	0.75 * 0.037	+	0.5 * 0
=	-0.06

Sorrento Resources Change In Receivables Related Terms

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Sorrento Resources (XCNQ:SRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sorrento Resources Ltd (XCNQ:SRS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

SRSLF:USA

Address

9285 - 203B Street, Langley, BC, CAN, V1M 2L9

Website

https://www.sorrentoresources.ca

Sorrento Resources Ltd engages in the exploration, development, and exploitation of mineral resources in Canada. Its projects include Wing Pond project, Harmsworth project, PEG lithium project, Silver Mountain project and others.

Executives

Blair Lawrence Naughty

10% Security Holder