Altius Renewable Royalties (TSX:ARR) Accounts Receivable : C$0.27 Mil (As of Mar. 2024)

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What is Altius Renewable Royalties Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Altius Renewable Royalties's accounts receivables for the quarter that ended in Mar. 2024 was C$0.27 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Altius Renewable Royalties's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 16.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Altius Renewable Royalties's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$2.50.

Altius Renewable Royalties Accounts Receivable Historical Data

The historical data trend for Altius Renewable Royalties'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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Altius Renewable Royalties Accounts Receivable Chart

Altius Renewable Royalties Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.11

0.36

0.16

0.26

0.16

Altius Renewable Royalties Quarterly Data
	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														0.45	0.34	0.24	0.16	0.27

Altius Renewable Royalties Accounts Receivable Calculation

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

Altius Renewable Royalties 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.

Altius Renewable Royalties's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.269	/	1.471	*	91
=	16.69

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

Altius Renewable Royalties'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)
=	(90.952	+	0.75 * 0.269	+	0.5 * 0	-	14.037
-	0	-	0)	/	30.7876
=	2.50

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.

Altius Renewable Royalties Accounts Receivable Related Terms

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Altius Renewable Royalties (TSX:ARR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altius Renewable Royalties Corp (TSX:ARR) » Definitions » Accounts Receivable

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ATRWF:USA 7VZ:Germany

Address

38 Duffy Place, 2nd Floor, Saint Johns, NL, CAN, A1B 4M5

Website

https://www.arr.energy

Altius Renewable Royalties Corp is a renewable energy royalty company whose business is to invest in renewable power developers and originators. The company's long-term strategy is to gain exposure to revenue underlying renewable energy operations by acquiring and managing a portfolio of diversified renewable energy royalties including acquiring royalties and other interests directly from project originators, developers, operators, and third-party holders of existing royalties. The Company manages its business under one operating segment consisting of the acquisition and management of renewable energy investments and royalties in North America.

Executives

Frederick James Mifflin	Director or Senior Officer of 10% Security Holder
André Gaumond	Director, Director or Senior Officer of 10% Security Holder
Karen Elaine Clarke-whistler	Director
Brian Dalton	Director or Senior Officer of 10% Security Holder, Senior Officer