Carmanah Minerals (XCNQ:CARM) Change In Receivables : C$0.00 Mil (TTM As of May. 2024)

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What is Carmanah Minerals Change In Receivables?

Carmanah Minerals's change in receivables for the quarter that ended in May. 2024 was C$0.04 Mil. It means Carmanah Minerals's Accounts Receivable declined by C$0.04 Mil from Feb. 2024 to May. 2024 .

Carmanah Minerals's change in receivables for the fiscal year that ended in May. 2024 was C$0.00 Mil. It means Carmanah Minerals's Accounts Receivable stayed the same from May. 2023 to May. 2024 .

Carmanah Minerals's Accounts Receivable for the quarter that ended in May. 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. Carmanah Minerals's liquidation value for the three months ended in May. 2024 was C$-0.04 Mil.

Carmanah Minerals Change In Receivables Historical Data

The historical data trend for Carmanah 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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Carmanah Minerals Change In Receivables Chart

Carmanah Minerals Annual Data

Trend

May21

May22

May23

May24

Change In Receivables

0.01

-0.03

Carmanah Minerals Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Change In Receivables	Get a 7-Day Free Trial									-0.01	-0.07	0.01	0.02	0.04

Carmanah 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 May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Carmanah Minerals (XCNQ:CARM) 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.

Carmanah Minerals's Days Sales Outstanding for the quarter that ended in May. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.028	/	0	*	91
=

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

Carmanah Minerals's liquidation value for the quarter that ended in May. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.066	-	0.131	+	0.75 * 0.028	+	0.5 * 0
=	-0.04

Carmanah Minerals Change In Receivables Related Terms

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Carmanah Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Carmanah Minerals Corp (XCNQ:CARM) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.carmanahcorp.ca

Carmanah Minerals Corp is in the exploration stage company. It engages in the exploration and development of mineral properties in Canada. The projects in which the company holds an interest are Walker Project (Uranium), Hare Hill Project (Pluton), and Loljuh Project.

Executives

Karim Rayani

10% Security Holder