Troy Minerals (XCNQ:TROY) Change In Receivables : C$-0.02 Mil (TTM As of Feb. 2024)

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What is Troy Minerals Change In Receivables?

Troy Minerals's change in receivables for the quarter that ended in Feb. 2024 was C$-0.03 Mil. It means Troy Minerals's Accounts Receivable increased by C$0.03 Mil from Nov. 2023 to Feb. 2024 .

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

Troy Minerals'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. Troy Minerals's liquidation value for the three months ended in Feb. 2024 was C$2.71 Mil.

Troy Minerals Change In Receivables Historical Data

The historical data trend for Troy Minerals'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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Troy Minerals Change In Receivables Chart

Troy Minerals Annual Data

Trend

May22

May23

Change In Receivables

-0.02

Troy Minerals Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial						-	-	0.02	-0.01	-0.03

Troy Minerals 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$-0.02 Mil.

Troy Minerals (XCNQ:TROY) 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.

Troy Minerals'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	/	0	*	91
=

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

Troy Minerals'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)
=	2.904	-	0.199	+	0.75 * 0	+	0.5 * 0
=	2.71

Troy Minerals Change In Receivables Related Terms

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Troy Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Troy Minerals Inc (XCNQ:TROY) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

TROYF:USA VJ3:Germany

Address

c/o 750 West Pender Street, Suite 1200, Vancouver, BC, CAN, V6C 2T8

Website

https://www.troyminerals.com

Troy Minerals Inc is a mining exploration company engaged in the identification, acquisition, evaluation, and exploration of mineral properties located in British Columbia, Canada. The company holds 100% interest in the Green Gold Property which consists of 12 mineral claims covering an area of approximately 7,587 hectares located near Prince George, British Columbia.

Executives

Rana Gurvinder Vig

Director, Senior Officer

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