Bulgold (TSXV:ZLTO) Accounts Receivable : C$0.00 Mil (As of Mar. 2024)

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What is Bulgold Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bulgold's accounts receivables for the quarter that ended in Mar. 2024 was C$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. Bulgold's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$0.04.

Bulgold Accounts Receivable Historical Data

The historical data trend for Bulgold'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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Bulgold Accounts Receivable Chart

Bulgold Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

Bulgold Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial				-	-	-	-	-

Bulgold Accounts Receivable Calculation

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

Bulgold 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.

Bulgold'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	/	0	*	91
=

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

Bulgold'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)
=	(1.634	+	0.75 * 0	+	0.5 * 0	-	0.608
-	0	-	0)	/	27.5979
=	0.04

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.

Bulgold Accounts Receivable Related Terms

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Bulgold (TSXV:ZLTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bulgold Inc (TSXV:ZLTO) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

181 Bay Street, Suite 4400, Toronto, ON, CAN, M5J 2T3

Website

https://www.bulgold.com

Bulgold Inc is a gold exploration company focused on the exploration and development of mineral exploration projects in Eastern and Central Europe. The Company controls 100% of two quality quartz-adularia epithermal gold projects located in the Bulgarian portion of the Western Tethyan Belt: the Kutel Gold Project and the Kostilkovo Gold Project. The Company also holds an option to acquire a 100% interest in the Lutila exploration license located in central Slovakia which is prospective for low-sulfidation epithermal gold mineralization.

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