Erdene Resource Development (TSX:ERD) Change In Receivables : C$0.00 Mil (TTM As of Mar. 2024)

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What is Erdene Resource Development Change In Receivables?

Erdene Resource Development's change in receivables for the quarter that ended in Mar. 2024 was C$0.00 Mil. It means Erdene Resource Development's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Erdene Resource Development's change in receivables for the fiscal year that ended in Dec. 2023 was C$0.00 Mil. It means Erdene Resource Development's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Erdene Resource Development's Accounts Receivable for the quarter that ended in Mar. 2024 was C$0.32 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. Erdene Resource Development's liquidation value for the three months ended in Mar. 2024 was C$2.89 Mil.

Erdene Resource Development Change In Receivables Historical Data

The historical data trend for Erdene Resource Development'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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Erdene Resource Development Change In Receivables Chart

Erdene Resource Development Annual Data

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Change In Receivables

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Erdene Resource Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Erdene Resource Development 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Erdene Resource Development (TSX:ERD) 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.

Erdene Resource Development's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.316	/	0	*	91
=

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

Erdene Resource Development's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.972	-	0.317	+	0.75 * 0.316	+	0.5 * 0
=	2.89

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Erdene Resource Development (TSX:ERD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Erdene Resource Development Corp (TSX:ERD) » Definitions » Change In Receivables

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ERDCF:USA

Address

99 Wyse Road, Metropolitan Place, Suite 1480, Dartmouth, NS, CAN, B3A 4S5

Website

https://www.erdene.com

Erdene Resource Development Corp is a Canadian-based resource exploration company. It is primarily engaged in the exploration and development of precious metals and mineral deposits in Mongolia. The company's project consists of Bayan Khundii, Altan Nar, Zuun Mod, and Khuvyn Khar. The Bayan Khundii and Altan Nar project is located within the Tian-Shan copper-gold belt in southwest Mongolia from the Chinese border city of Ceke. The Zuun Mod project is located within 200 kilometres of China's border in Mongolia's Bayankhongor Province. The Khuvyn Khar copper-silver project is located on the Zuun Mod property.

Executives

John Philip Byrne	Director
Peter Akerley	Director, Senior Officer

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