Westward Gold (XCNQ:WG) Change In Receivables : C$-0.01 Mil (TTM As of Dec. 2023)

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What is Westward Gold Change In Receivables?

Westward Gold's change in receivables for the quarter that ended in Dec. 2023 was C$-0.01 Mil. It means Westward Gold's Accounts Receivable increased by C$0.01 Mil from Sep. 2023 to Dec. 2023 .

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

Westward Gold's Accounts Receivable for the quarter that ended in Dec. 2023 was C$0.03 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. Westward Gold's liquidation value for the three months ended in Dec. 2023 was C$-0.02 Mil.

Westward Gold Change In Receivables Historical Data

The historical data trend for Westward 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.

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Westward Gold Change In Receivables Chart

Westward Gold Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-0.02

0.01

-0.04

-0.01

Westward Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.02	0.02	-0.01	-	-0.01

Westward 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.01 Mil.

Westward Gold (XCNQ:WG) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.028	/	0	*	91
=

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

Westward Gold'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)
=	0.155	-	0.2	+	0.75 * 0.028	+	0.5 * 0
=	-0.02

Westward Gold Change In Receivables Related Terms

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Westward Gold (XCNQ:WG) Business Description

Industry

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

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WGLIF:USA IM50:Germany

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.westwardgold.com

Westward Gold Inc is a mineral exploration company focused on developing the Toiyabe and Turquoise Canyon Projects located in the Cortez Hills area of Lander County, Nevada. It is also advancing the Mulloy Project in Northern Ontario.

Executives

Colin Moore

Director, Senior Officer

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