Xcite Resources (XCNQ:XRI) Change In Receivables : C$-0.02 Mil (TTM As of Jan. 2024)

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What is Xcite Resources Change In Receivables?

Xcite Resources's change in receivables for the quarter that ended in Jan. 2024 was C$-0.01 Mil. It means Xcite Resources's Accounts Receivable increased by C$0.01 Mil from Oct. 2023 to Jan. 2024 .

Xcite Resources's change in receivables for the fiscal year that ended in Oct. 2023 was C$-0.01 Mil. It means Xcite Resources's Accounts Receivable increased by C$0.01 Mil from Oct. 2022 to Oct. 2023 .

Xcite Resources's Accounts Receivable for the quarter that ended in Jan. 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. Xcite Resources's liquidation value for the three months ended in Jan. 2024 was C$-0.22 Mil.

Xcite Resources Change In Receivables Historical Data

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

Xcite Resources Annual Data

Trend

Oct21

Oct22

Oct23

Change In Receivables

-0.01

Xcite Resources Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial							-	-0.01	-	-	-0.01

Xcite 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.02 Mil.

Xcite Resources (XCNQ:XRI) 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.

Xcite Resources'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	/	0	*	91
=

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

Xcite Resources'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)
=	0.012	-	0.233	+	0.75 * 0	+	0.5 * 0
=	-0.22

Xcite Resources Change In Receivables Related Terms

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Xcite Resources (XCNQ:XRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xcite Resources Inc (XCNQ:XRI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

1030 West Georgia Street, Suite 1910, Vancouver, BC, CAN, V6E 2Y3

Website

Xcite Resources Inc is a Canada-based mineral exploration company on its Turgeon Lake Property, located in the Province of Québec. It has one reportable segment, the exploration, and development of mineral property in the province of Quebec, Canada.

Executives

Carl Desjardins

10% Security Holder

Xcite Resources (XCNQ:XRI) Headlines

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