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Argo Gold (XCNQ:ARQ) Change In Receivables : C$-0.23 Mil (TTM As of Mar. 2024)


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What is Argo Gold Change In Receivables?

Argo Gold's change in receivables for the quarter that ended in Mar. 2024 was C$-0.03 Mil. It means Argo Gold's Accounts Receivable increased by C$0.03 Mil from Dec. 2023 to Mar. 2024 .

Argo Gold's change in receivables for the fiscal year that ended in Dec. 2023 was C$-0.18 Mil. It means Argo Gold's Accounts Receivable increased by C$0.18 Mil from Dec. 2022 to Dec. 2023 .

Argo Gold's Accounts Receivable for the quarter that ended in Mar. 2024 was C$0.20 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. Argo Gold's Days Sales Outstanding for the three months ended in Mar. 2024 was 35.55.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Argo Gold's liquidation value for the three months ended in Mar. 2024 was C$-1.53 Mil.


Argo Gold Change In Receivables Historical Data

The historical data trend for Argo 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.

* Premium members only.

Argo Gold Change In Receivables Chart

Argo Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 -0.02 0.01 -0.01 -0.18

Argo Gold 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 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 Premium Member Only Premium Member Only 0.02 -0.05 -0.15 - -0.03

Argo 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$-0.23 Mil.

* 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.


Argo Gold  (XCNQ:ARQ) 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.

Argo 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
=0.203/0.521*91
=35.55

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

Argo 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)
=0.128-1.806+0.75 * 0.203+0.5 * 0
=-1.53

* 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.


Argo Gold Change In Receivables Related Terms

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Argo Gold (XCNQ:ARQ) Business Description

Traded in Other Exchanges
Address
350 Bay Street, Suite 700, Toronto, ON, CAN, M5H 2S6
Argo Gold Inc is focused on gold exploration projects in central and northwestern Ontario. It is engaged in the acquisition, exploration, and development of mineral properties. Its projects include Uchi Gold Project; Woco Zone in the Uchi Gold Project, and Northgate Zone Uchi Gold Project, NW Ontario Gold Projects, Talbot Lake Gold Project, Angela Lake Gold Project, Zinc Silver Cobalt Projects, Hurdman Zinc-Silver Property, and Keelow Lake Project.
Executives
Judith Catharine Baker Director