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Great Pacific Gold (TSXV:GPAC) Accounts Receivable : C$0.11 Mil (As of Mar. 2024)


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What is Great Pacific Gold Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Great Pacific Gold's accounts receivables for the quarter that ended in Mar. 2024 was C$0.11 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. Great Pacific Gold's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$0.10.

Great Pacific Gold Accounts Receivable Historical Data

The historical data trend for Great Pacific 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.

* Premium members only.

Great Pacific Gold Accounts Receivable Chart

Great Pacific Gold Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
0.02 0.22 0.06 0.04 0.06

Great Pacific Gold Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.05 0.08 0.06 0.11

Great Pacific Gold Accounts Receivable Calculation

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

Great Pacific 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.

Great Pacific 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
=0.105/0*91
=

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

Great Pacific 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)
=(9.074+0.75 * 0.105+0.5 * 0-0.32
-0--0.002)/85.9911
=0.10

* 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.

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.

Great Pacific Gold Accounts Receivable Related Terms

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Great Pacific Gold (TSXV:GPAC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Pacific Gold Corp (TSXV:GPAC) » Definitions » Accounts Receivable
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FSXLF:USA V3H:Germany
Address
1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7
Website
https://fostervillesouth.com
Fosterville South Exploration Ltd is engaged in the acquisition, exploration and development of mineral properties in Australia. The company owns an interest in the Central Victoria Properties, which are exploration stage properties comprised of the Lauriston Gold Project, the Golden Mountain Project, the Providence Project and other exploration license applications filed with the state of Victoria in the south east area of Australia. The Company operates in one reportable operating segment, being the acquisition, exploration, and evaluation of resource properties in Victoria, Australia.