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Viridis Mining and Minerals (ASX:VMM) Accounts Receivable : A$0.13 Mil (As of Dec. 2023)


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What is Viridis Mining and Minerals Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Viridis Mining and Minerals's accounts receivables for the quarter that ended in Dec. 2023 was A$0.13 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Viridis Mining and Minerals's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.01.

Viridis Mining and Minerals Accounts Receivable Historical Data

The historical data trend for Viridis Mining and Minerals's Accounts Receivable 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.

Viridis Mining and Minerals Accounts Receivable Chart

Viridis Mining and Minerals Annual Data
Trend Jun21 Jun22 Jun23
Accounts Receivable
0.02 0.03 0.10

Viridis Mining and Minerals Semi-Annual Data
Jun22 Dec22 Jun23 Dec23
Accounts Receivable 0.03 0.04 0.10 0.13

Viridis Mining and Minerals Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Viridis Mining and Minerals Accounts Receivable 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 receivables are being managed.

Viridis Mining and Minerals's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.132/0*91
=

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Viridis Mining and Minerals's accounts receivable are only considered to be worth 75% of book value:

Viridis Mining and Minerals's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.562+0.75 * 0.132+0.5 * 0-2.224
-0-0)/49.1006
=-0.01

* 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.

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Viridis Mining and Minerals Accounts Receivable Related Terms

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Viridis Mining and Minerals (ASX:VMM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Viridis Mining and Minerals Ltd (ASX:VMM) » Definitions » Accounts Receivable
Comparable Companies
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Traded in Other Exchanges
N/A
Address
108 St Georges Terrace, Level 50, Perth, WA, AUS, 6000
Website
https://www.viridismining.com.au
Viridis Mining and Minerals Ltd is a mineral exploration company. It operates in the geographical areas of Australia and Canada. The company's projects include South Kitikmeot Gold Project, which the company considers to be prospective for gold, the Boddington West Project, which the company considers to be prospective for gold, the Bindoon Project, which the Company considers to be prospective for nickel, copper and platinum group elements, Poochera Project and Smoky Halloysite Project, which the Company considers to be prospective for kaolin-halloysite.