Kobo Resources (TSXV:KRI) Change In Receivables : C$-0.25 Mil (TTM As of Sep. 2023)

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What is Kobo Resources Change In Receivables?

Kobo Resources's change in receivables for the quarter that ended in Sep. 2023 was C$-0.15 Mil. It means Kobo Resources's Accounts Receivable increased by C$0.15 Mil from Jun. 2023 to Sep. 2023 .

Kobo Resources's change in receivables for the fiscal year that ended in Dec. 2022 was C$0.02 Mil. It means Kobo Resources's Accounts Receivable declined by C$0.02 Mil from Dec. 2021 to Dec. 2022 .

Kobo Resources's Accounts Receivable for the quarter that ended in Sep. 2023 was C$0.00 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. Kobo Resources's liquidation value for the three months ended in Sep. 2023 was C$1.72 Mil.

Kobo Resources Change In Receivables Historical Data

The historical data trend for Kobo Resources'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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Kobo Resources Change In Receivables Chart

Kobo Resources Annual Data

Trend

Dec20

Dec21

Dec22

Change In Receivables

-0.02

0.02

Kobo Resources Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial				-	-0.01	-0.05	-0.04	-0.15

Kobo Resources 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.25 Mil.

Kobo Resources (TSXV:KRI) 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.

Kobo Resources's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

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

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

Kobo Resources's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.461	-	0.74	+	0.75 * 0	+	0.5 * 0
=	1.72

Kobo Resources Change In Receivables Related Terms

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Kobo Resources (TSXV:KRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kobo Resources Inc (TSXV:KRI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

388 Grande-Allee East, Suite 101, Quebec, QC, CAN, G1R 2J4

Website

https://www.koboresources.com

Kobo Resources Inc is an exploration and mining development company focused on acquiring, exploring and developing gold property assets located in West Africa and primarily in Cote d'Ivoire.

Executives

Patrick Gagnon

Director

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