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55 North Mining (XCNQ:FFF) Change In Receivables : C$-0.02 Mil (TTM As of Mar. 2024)


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What is 55 North Mining Change In Receivables?

55 North Mining's change in receivables for the quarter that ended in Mar. 2024 was C$-0.01 Mil. It means 55 North Mining's Accounts Receivable increased by C$0.01 Mil from Dec. 2023 to Mar. 2024 .

55 North Mining's change in receivables for the fiscal year that ended in Dec. 2023 was C$-0.01 Mil. It means 55 North Mining's Accounts Receivable increased by C$0.01 Mil from Dec. 2022 to Dec. 2023 .

55 North Mining's Accounts Receivable for the quarter that ended in Mar. 2024 was C$0.02 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. 55 North Mining's liquidation value for the three months ended in Mar. 2024 was C$-0.48 Mil.


55 North Mining Change In Receivables Historical Data

The historical data trend for 55 North Mining'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.

55 North Mining Change In Receivables Chart

55 North Mining 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 -0.03 -0.12 0.14 0.03 -0.01

55 North Mining Quarterly Data
Mar19 Jun19 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 - - - -0.01 -0.01

55 North Mining 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.

* 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.


55 North Mining  (XCNQ:FFF) 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.

55 North Mining's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.019/0*91
=

2. In Ben Graham's calculation of liquidation value, 55 North Mining's accounts receivable are only considered to be worth 75% of book value:

55 North Mining'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)
=0.129-0.62+0.75 * 0.019+0.5 * 0
=-0.48

* 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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55 North Mining (XCNQ:FFF) Business Description

Traded in Other Exchanges
N/A
Address
401 Bay Street, Suite 2702, Toronto, ON, CAN, M5H 2Y4
55 North Mining Inc is engaged in the acquisition, exploration, development and extraction of natural resources, specifically precious metals. It is an exploration and development company advancing its high-grade Last Hope Gold Project located in Manitoba, Canada.

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