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Akwaaba Mining (Akwaaba Mining) Accounts Receivable : $0.01 Mil (As of Mar. 2024)


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What is Akwaaba Mining Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Akwaaba Mining's accounts receivables for the quarter that ended in Mar. 2024 was $0.01 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. Akwaaba Mining's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.03.


Akwaaba Mining Accounts Receivable Historical Data

The historical data trend for Akwaaba Mining'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.

Akwaaba Mining Accounts Receivable Chart

Akwaaba Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.01

Akwaaba Mining Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable 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 0.01 0.01

Akwaaba Mining Accounts Receivable Calculation

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


Akwaaba Mining 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.

Akwaaba 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
=0.007/0*91
=

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

Akwaaba Mining's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(0.041+0.75 * 0.007+0.5 * 0-0.345
-0-0)/10.4594
=-0.03

* 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.


Akwaaba Mining Accounts Receivable Related Terms

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Akwaaba Mining (Akwaaba Mining) Business Description

Traded in Other Exchanges
Address
No. 2411 Bennie Place, Port Coquitlam, BC, CAN, V3B 7M6
Akwaaba Mining Ltd is a Canadian-based exploration company. It is focused on the acquisition, exploration, and evaluation of gold properties. It operates through the segment of acquisition, exploration, and evaluation of exploration and evaluation assets in Ghana. The company holds an interest in the Akorade Project Gold Properties, located in southwest Ghana, in the southern portion of the Ashanti gold belt.

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