Nickel Asia (Nickel Asia) Change In Receivables : $3.3 Mil (TTM As of Mar. 2024)

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What is Nickel Asia Change In Receivables?

Nickel Asia's change in receivables for the quarter that ended in Mar. 2024 was $0.6 Mil. It means Nickel Asia's Accounts Receivable declined by $0.6 Mil from Dec. 2023 to Mar. 2024 .

Nickel Asia's change in receivables for the fiscal year that ended in Dec. 2023 was $19.3 Mil. It means Nickel Asia's Accounts Receivable declined by $19.3 Mil from Dec. 2022 to Dec. 2023 .

Nickel Asia's Accounts Receivable for the quarter that ended in Mar. 2024 was $18.0 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. Nickel Asia's Days Sales Outstanding for the three months ended in Mar. 2024 was 37.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Nickel Asia's liquidation value for the three months ended in Mar. 2024 was $58.8 Mil.

Nickel Asia Change In Receivables Historical Data

The historical data trend for Nickel Asia'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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Nickel Asia Change In Receivables Chart

Nickel Asia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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1.80

-5.99

-5.68

-19.81

19.30

Nickel Asia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															16.61	-27.76	18.81	11.64	0.60

Nickel Asia 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.3 Mil.

Nickel Asia (OTCPK:NCKAF) 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.

Nickel Asia's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	17.974	/	43.953	*	91
=	37.32

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

Nickel Asia's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	261.326	-	247.689	+	0.75 * 17.974	+	0.5 * 63.369
=	58.8

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Nickel Asia (Nickel Asia) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Asia Corp (OTCPK:NCKAF) » Definitions » Change In Receivables

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NIKL:Philippines

Address

32nd Street, Bonifacio Global City, 28th Floor NAC Tower, Taguig, PHL, 1634

Website

https://www.nickelasia.com

Nickel Asia Corp is a nickel ore mining company engaged in operating five mines; the Rio Tuba mine, the Taganito mine, the Tagana-an mine, the Cagdianao mine, and the Dinapigue mine. It produces saprolite (nickel ore with an iron content of less than 20%) and limonite (nickel ore with an iron content greater than 20%) ore. The company has three operating segments; The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, The services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and The power segment is into power generation and exploration for geothermal resources.

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