Thor Explorations (TSXV:THX) Change In Receivables : C$-0.1 Mil (TTM As of Dec. 2023)

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What is Thor Explorations Change In Receivables?

Thor Explorations's change in receivables for the quarter that ended in Dec. 2023 was C$0.0 Mil. It means Thor Explorations's Accounts Receivable declined by C$0.0 Mil from Sep. 2023 to Dec. 2023 .

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

Thor Explorations's Accounts Receivable for the quarter that ended in Dec. 2023 was C$0.0 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. Thor Explorations's Days Sales Outstanding for the three months ended in Dec. 2023 was 0.02.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Thor Explorations's liquidation value for the three months ended in Dec. 2023 was C$-158.6 Mil.

Thor Explorations Change In Receivables Historical Data

The historical data trend for Thor Explorations'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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Thor Explorations Change In Receivables Chart

Thor Explorations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.05

0.02

-0.08

Thor Explorations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															0.33	-0.03	-0.02	-0.04	-

Thor Explorations 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.1 Mil.

Thor Explorations (TSXV:THX) 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.

Thor Explorations's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.007	/	30.854	*	91
=	0.02

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

Thor Explorations's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	10.518	-	197.107	+	0.75 * 0.007	+	0.5 * 56.039
=	-158.6

Thor Explorations Change In Receivables Related Terms

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Thor Explorations (TSXV:THX) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thor Explorations Ltd (TSXV:THX) » Definitions » Change In Receivables

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Address

1075 West Georgia Street, Suite 220, Vancouver, BC, CAN, V6EC9

Website

https://www.thorexpl.com

Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria and a 70% interest in the Douta Gold Project located in south-eastern Senegal. It also holds a 100% interest in the Bongui and Legue gold permits located in Hounde greenstone belt, southwest Burkina Faso. It has three reportable segments, the Segilola Mine Project, Exploration Projects, and Corporate.

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