Mining Global (Mining Global) Accounts Receivable : $0.00 Mil (As of Aug. 2023)

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What is Mining Global Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mining Global's accounts receivables for the quarter that ended in Aug. 2023 was $0.00 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. Mining Global's Net-Net Working Capital per share for the quarter that ended in Aug. 2023 was $-0.00.

Mining Global Accounts Receivable Historical Data

The historical data trend for Mining Global'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.

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Mining Global Accounts Receivable Chart

Mining Global Annual Data

Trend

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Accounts Receivable

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Mining Global Semi-Annual Data
	Aug08	Aug09	Aug10	Aug11	Aug12	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Accounts Receivable	Get a 7-Day Free Trial								-	-	-	-	-

Mining Global Accounts Receivable Calculation

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

Mining Global 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.

Mining Global's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

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

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

Mining Global's Net-Net Working Capital Per Share for the quarter that ended in Aug. 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)
=	(0.02	+	0.75 * 0	+	0.5 * 0	-	0.056
-	0.11	-	0)	/	7225.16
=	-0.00

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.

Mining Global Accounts Receivable Related Terms

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Mining Global (Mining Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mining Global Inc (OTCPK:MNGG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 S Australian Avenue, Suite 600, West Palm Beach, FL, USA, 33401

Website

https://www.mnggotc.com

Mining Global Inc is primarily engaged in the acquisition, exploration, and development of mineral properties. The company focuses on mineral deposits of lead, zinc, copper, silver, gold or uranium capable of commercial extraction.

Executives

Gregory K Clements	director, officer: Chief Financial Officer	240 MARTIN ST. #3, BLAINE WA 98230
Cedric N Atkinson	director, 10 percent owner, officer: Chief Executive Officer	240 MARTIN ST. #3, BLAINE WA 98230
Oxygen Management Group, Ltd.	10 percent owner	240 MARTIN STREET, SUITE 3, BLAINE WA 98230
Lindsay Edward Gorrill	director	611 E. SHERMAN AVE., COEUR D'ALENE ID 83814
David K Ryan	officer: Vice-President of Finance	P.O. BOX 61605, BROOKSWOOD RPO, LANGLEY A1 V3A 8C8
Jarrett F Bousquet	director, 10 percent owner, officer: President,Secretary&Treasurer	240 MARTIN STREET, #3, BLAINE WA 98230
Shane Epp	officer: Executive Vice President	2154 WEST 45TH AVENUE, VANCOUVER A1 V6M 2J1

Mining Global (Mining Global) Headlines

From GuruFocus

Mining Global (OTC:MNGG) to Merge with Namibia African Lithium Mine

By ACCESSWIRE • 08-08-2023