Advanced Gold Exploration (XCNQ:AUEX) Change In Receivables : C$-0.02 Mil (TTM As of Mar. 2024)

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What is Advanced Gold Exploration Change In Receivables?

Advanced Gold Exploration's change in receivables for the quarter that ended in Mar. 2024 was C$0.02 Mil. It means Advanced Gold Exploration's Accounts Receivable declined by C$0.02 Mil from Dec. 2023 to Mar. 2024 .

Advanced Gold Exploration's change in receivables for the fiscal year that ended in Dec. 2023 was C$0.11 Mil. It means Advanced Gold Exploration's Accounts Receivable declined by C$0.11 Mil from Dec. 2022 to Dec. 2023 .

Advanced Gold Exploration's Accounts Receivable for the quarter that ended in Mar. 2024 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. Advanced Gold Exploration's liquidation value for the three months ended in Mar. 2024 was C$-0.38 Mil.

Advanced Gold Exploration Change In Receivables Historical Data

The historical data trend for Advanced Gold Exploration'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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Advanced Gold Exploration Change In Receivables Chart

Advanced Gold Exploration Annual Data

Trend

Dec21

Dec22

Dec23

Change In Receivables

-0.02

-0.13

0.11

Advanced Gold Exploration Quarterly Data
	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial										0.15	-0.02	0.01	-0.03	0.02

Advanced Gold Exploration 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$-0.02 Mil.

Advanced Gold Exploration (XCNQ:AUEX) 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.

Advanced Gold Exploration'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	/	0	*	91
=

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

Advanced Gold Exploration'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)
=	0.056	-	0.437	+	0.75 * 0	+	0.5 * 0
=	-0.38

Advanced Gold Exploration Change In Receivables Related Terms

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Advanced Gold Exploration (XCNQ:AUEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Advanced Gold Exploration Inc (XCNQ:AUEX) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

AUHIF:USA 4TG:Germany

Address

372 Bay Street, Suite 301, Toronto, ON, CAN, M5H 2W9

Website

https://www.advanceunited.ca

Advanced Gold Exploration Inc Formerly Advance United Holdings Inc is a junior mining company. It is identifying and acquiring undervalued gold-bearing properties. Its projects include Paint Lake Road Project and Buck Lake Property. It has one business segment and operates in the mineral exploration business in Canada.

Executives

James Atkinson

Director, Senior Officer

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