Western Metallica Resources (TSXV:WMS) Accounts Receivable : C$0.10 Mil (As of Mar. 2022)

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What is Western Metallica Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Western Metallica Resources's accounts receivables for the quarter that ended in Mar. 2022 was C$0.10 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. Western Metallica Resources's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was C$-0.16.

Western Metallica Resources Accounts Receivable Historical Data

The historical data trend for Western Metallica Resources'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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Western Metallica Resources Accounts Receivable Chart

Western Metallica Resources Annual Data

Trend

Dec19

Dec20

Dec21

Accounts Receivable

0.02

0.04

0.05

Western Metallica Resources Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22
Accounts Receivable	Get a 7-Day Free Trial			0.04	-	0.03	0.05	0.10

Western Metallica Resources Accounts Receivable Calculation

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

Western Metallica Resources 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.

Western Metallica Resources's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.097	/	0	*	91
=

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

Western Metallica Resources's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 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)
=	(0.467	+	0.75 * 0.097	+	0.5 * 0	-	8.459
-	0	-	0)	/	50.467
=	-0.16

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.

Western Metallica Resources Accounts Receivable Related Terms

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Western Metallica Resources (TSXV:WMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Metallica Resources Corp (TSXV:WMS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

93 Ridley Boulevard, Toronto, ON, CAN, M5M 3L6

Website

https://www.westernmetallicacorp.com

Western Metallica Resources Corp is engaged in the acquisition, exploration, and development of mineral properties in Spain. The company's projects include Penedela, Valledor and Sierra Alta, and Nueva Celti.

Executives

Peter Marcel Imhof

Director, Senior Officer