Victoria Gold (TSX:VGCX) Change In Receivables : C$-2.6 Mil (TTM As of Mar. 2024)

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What is Victoria Gold Change In Receivables?

Victoria Gold's change in receivables for the quarter that ended in Mar. 2024 was C$3.0 Mil. It means Victoria Gold's Accounts Receivable declined by C$3.0 Mil from Dec. 2023 to Mar. 2024 .

Victoria Gold's change in receivables for the fiscal year that ended in Dec. 2023 was C$-0.1 Mil. It means Victoria Gold's Accounts Receivable increased by C$0.1 Mil from Dec. 2022 to Dec. 2023 .

Victoria Gold's Accounts Receivable for the quarter that ended in Mar. 2024 was C$2.8 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. Victoria Gold's Days Sales Outstanding for the three months ended in Mar. 2024 was 3.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Victoria Gold's liquidation value for the three months ended in Mar. 2024 was C$-292.2 Mil.

Victoria Gold Change In Receivables Historical Data

The historical data trend for Victoria 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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Victoria Gold Change In Receivables Chart

Victoria Gold Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2.83

2.12

2.19

-9.83

-0.10

Victoria Gold Quarterly Data
	May19	Aug19	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															5.53	-0.10	-2.61	-2.91	2.98

Victoria 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.6 Mil.

Victoria Gold (TSX:VGCX) 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.

Victoria 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
=	2.813	/	82.982	*	91
=	3.09

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

Victoria Gold'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)
=	39.393	-	446.241	+	0.75 * 2.813	+	0.5 * 225.138
=	-292.2

Victoria Gold Change In Receivables Related Terms

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Victoria Gold (TSX:VGCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Victoria Gold Corp (TSX:VGCX) » Definitions » Change In Receivables

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VITFF:USA VI9A:Germany

Address

80 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2A4

Website

https://www.vitgoldcorp.com

Victoria Gold Corp is engaged in the acquisition, evaluation, and exploration of mineral properties. Its mining project includes The Eagle Gold Project in Yukon Canada. Eagle is an open pit, heap leach operation located approximately 375 kilometers north of the capital city of Whitehorse. The exploration potential of the company's 100% owned greater Dublin Gulch property is good and includes priority targets Olive-Shamrock and Nugget-Raven.

Executives

John Charles Mcconnell

Director, Senior Officer

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