Millennial Potash (TSXV:MLP) Change In Receivables : C$0.02 Mil (TTM As of Feb. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Millennial Potash Change In Receivables?

Millennial Potash's change in receivables for the quarter that ended in Feb. 2024 was C$-0.01 Mil. It means Millennial Potash's Accounts Receivable increased by C$0.01 Mil from Nov. 2023 to Feb. 2024 .

Millennial Potash's change in receivables for the fiscal year that ended in Aug. 2023 was C$0.01 Mil. It means Millennial Potash's Accounts Receivable declined by C$0.01 Mil from Aug. 2022 to Aug. 2023 .

Millennial Potash's Accounts Receivable for the quarter that ended in Feb. 2024 was C$0.02 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. Millennial Potash's liquidation value for the three months ended in Feb. 2024 was C$0.47 Mil.

Millennial Potash Change In Receivables Historical Data

The historical data trend for Millennial Potash'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.

* Premium members only.

Millennial Potash Change In Receivables Chart

Millennial Potash Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Change In Receivables

-0.01

-0.03

0.01

Millennial Potash Quarterly Data
	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														-0.01	0.02	-0.01	0.02	-0.01

Millennial Potash 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 C$0.02 Mil.

Millennial Potash (TSXV:MLP) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.018	/	0	*	91
=

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

Millennial Potash'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)
=	1.158	-	0.698	+	0.75 * 0.018	+	0.5 * 0
=	0.47

Millennial Potash Change In Receivables Related Terms

Thank you for viewing the detailed overview of Millennial Potash's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Millennial Potash (TSXV:MLP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Millennial Potash Corp (TSXV:MLP) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MLPNF:USA X0D:Germany X0D:Germany

Address

300-1455 Bellevue Avenue, West Vancouver, Vancouver, BC, CAN, V7T 1C3

Website

https://www.millennialpotash.com

Millennial Potash Corp is a Canadian resource company focused on the exploration and development of potash deposits. The company's flagship asset is the Banio Potash Project located along the coast of Gabon, West Africa, which has the potential to have all the right characteristics to become a producer of potash.

Executives

Farhad Abasov

Director, Senior Officer