Kinross Gold (Kinross Gold) Change In Receivables : $43 Mil (TTM As of Dec. 2023)

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What is Kinross Gold Change In Receivables?

Kinross Gold's change in receivables for the quarter that ended in Dec. 2023 was $2 Mil. It means Kinross Gold's Accounts Receivable declined by $2 Mil from Sep. 2023 to Dec. 2023 .

Kinross Gold's change in receivables for the fiscal year that ended in Dec. 2023 was $69 Mil. It means Kinross Gold's Accounts Receivable declined by $69 Mil from Dec. 2022 to Dec. 2023 .

Kinross Gold's Accounts Receivable for the quarter that ended in Dec. 2023 was $0 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. Kinross Gold's Days Sales Outstanding for the three months ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Kinross Gold's liquidation value for the three months ended in Dec. 2023 was $-3,429 Mil.

Kinross Gold Change In Receivables Historical Data

The historical data trend for Kinross Gold'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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Kinross Gold Change In Receivables Chart

Kinross Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-64.50

-120.90

-70.10

17.90

68.70

Kinross Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-29.10	20.00	42.20	-21.00	2.10

Kinross Gold 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 $43 Mil.

Kinross Gold (NYSE:KGC) 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.

Kinross Gold'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	/	1115.7	*	91
=	0.00

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

Kinross Gold'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)
=	352.4	-	4357.6	+	0.75 * 0	+	0.5 * 1153
=	-3,429

Kinross Gold Change In Receivables Related Terms

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Kinross Gold (Kinross Gold) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (NYSE:KGC) » Definitions » Change In Receivables

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0R2D:UK KIN2:Germany KIN2:Germany KIN2:Germany K:Canada KGC:Argentina

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.