American Eagle Gold (TSXV:AE) Accounts Receivable : C$0.08 Mil (As of Mar. 2024)

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What is American Eagle Gold Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. American Eagle Gold's accounts receivables for the quarter that ended in Mar. 2024 was C$0.08 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. American Eagle Gold's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$0.04.

American Eagle Gold Accounts Receivable Historical Data

The historical data trend for American Eagle Gold's Accounts Receivable 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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American Eagle Gold Accounts Receivable Chart

American Eagle Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.10

0.30

0.12

American Eagle Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial											0.30	0.05	0.16	0.12	0.08

American Eagle Gold Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

American Eagle Gold Accounts Receivable 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 receivables are being managed.

American Eagle Gold's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.078	/	0	*	91
=

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), American Eagle Gold's accounts receivable are only considered to be worth 75% of book value:

American Eagle Gold's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5.837	+	0.75 * 0.078	+	0.5 * 0	-	1.123
-	0	-	0)	/	120.675
=	0.04

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

American Eagle Gold Accounts Receivable Related Terms

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American Eagle Gold (TSXV:AE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Eagle Gold Corp (TSXV:AE) » Definitions » Accounts Receivable

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Traded in Other Exchanges

AMEGF:USA

Address

55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7

Website

https://www.americaneaglegold.ca

American Eagle Gold Corp is focused on advancing its NAK property located in the Babine Copper-Gold Porphyry district in central British Columbia. NAK's known copper-gold porphyry mineralization is open at depth and is defined by a compelling geophysical signature analogous to Newcrest's Red Chris Mine and Newmont's Tatogga project located in Northwest BC. The company is drilling to test the property's geophysical features in search of a robust underground block cave copper-gold porphyry deposit.

Executives

Stephen Alexander Nelson Stewart

10% Security Holder, Director