Snow Lake Resources (Snow Lake Resources) Change In Receivables : $0.04 Mil (TTM As of Dec. 2023)

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What is Snow Lake Resources Change In Receivables?

Snow Lake Resources's change in receivables for the quarter that ended in Dec. 2023 was $0.09 Mil. It means Snow Lake Resources's Accounts Receivable declined by $0.09 Mil from Jun. 2023 to Dec. 2023 .

Snow Lake Resources's change in receivables for the fiscal year that ended in Jun. 2023 was $0.09 Mil. It means Snow Lake Resources's Accounts Receivable declined by $0.09 Mil from Jun. 2022 to Jun. 2023 .

Snow Lake Resources's Accounts Receivable for the quarter that ended in Dec. 2023 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. Snow Lake Resources's liquidation value for the six months ended in Dec. 2023 was $0.19 Mil.

Snow Lake Resources Change In Receivables Historical Data

The historical data trend for Snow Lake 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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Snow Lake Resources Change In Receivables Chart

Snow Lake Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Receivables

-0.01

0.01

-0.22

0.09

Snow Lake Resources Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial					-0.03	-0.19	0.13	-0.05	0.09

Snow Lake 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.04 Mil.

Snow Lake Resources (NAS:LITM) 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.

Snow Lake Resources's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

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

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

Snow Lake Resources's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4.688	-	4.499	+	0.75 * 0	+	0.5 * 0
=	0.19

Snow Lake Resources Change In Receivables Related Terms

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Snow Lake Resources (Snow Lake Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Snow Lake Resources Ltd (NAS:LITM) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

360 Main Street, 30th Floor, Winnipeg, MB, CAN, R3C 4G1

Website

https://www.snowlakelithium.com

Snow Lake Resources Ltd is an exploration stage mining company engaged in lithium exploration in the province of Manitoba, Canada. Its primary focus is currently conducting exploration for lithium at Thompson Brothers Lithium Project.