GGL Resources (GGL Resources) Change In Receivables : $0.01 Mil (TTM As of Feb. 2024)

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What is GGL Resources Change In Receivables?

GGL Resources's change in receivables for the quarter that ended in Feb. 2024 was $0.00 Mil. It means GGL Resources's Accounts Receivable declined by $0.00 Mil from Nov. 2023 to Feb. 2024 .

GGL Resources's change in receivables for the fiscal year that ended in Nov. 2023 was $0.04 Mil. It means GGL Resources's Accounts Receivable declined by $0.04 Mil from Nov. 2022 to Nov. 2023 .

GGL Resources's Accounts Receivable for the quarter that ended in Feb. 2024 was $0.00 Mil.

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 Receivable are being managed.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. GGL Resources's liquidation value for the three months ended in Feb. 2024 was $0.10 Mil.

GGL Resources Change In Receivables Historical Data

The historical data trend for GGL Resources's Change In Receivables 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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GGL Resources Change In Receivables Chart

GGL Resources Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Receivables

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-0.03

0.04

GGL Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial															0.03	-	-0.01	0.02	-

GGL Resources Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.01 Mil.

GGL Resources (OTCPK:GGLXF) Change In Receivables 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 Receivable are being managed.

GGL Resources's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

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

2. In Ben Graham's calculation of liquidation value, GGL Resources's accounts receivable are only considered to be worth 75% of book value:

GGL Resources's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.219	-	0.115	+	0.75 * 0	+	0.5 * 0
=	0.10

GGL Resources Change In Receivables Related Terms

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GGL Resources (GGL Resources) Business Description

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GGL:Canada

Address

1100 Melville Street, Suite 510, Vancouver, BC, CAN, V6E 4A6

Website

https://www.gglresourcescorp.com

GGL Resources Corp is a resource exploration company engaged in the exploration and development of mineral properties. Its mineral property interests consist of exploration-stage mineral properties located in the Northwest Territories, Nunavut, and British Columbia in Canada and in Nevada, USA. The company holds an interest in the properties of Bishop, Gold Point, CH, Rhombus, Stein, Providence Greenstone Belt, and McConnell Creek, among others.