Quebec Rare Earth Elements (XCNQ:QREE) Change In Receivables : C$0.02 Mil (TTM As of Jan. 2024)

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What is Quebec Rare Earth Elements Change In Receivables?

Quebec Rare Earth Elements's change in receivables for the quarter that ended in Jan. 2024 was C$0.00 Mil. It means Quebec Rare Earth Elements's Accounts Receivable declined by C$0.00 Mil from Oct. 2023 to Jan. 2024 .

Quebec Rare Earth Elements's change in receivables for the fiscal year that ended in Apr. 2023 was C$0.02 Mil. It means Quebec Rare Earth Elements's Accounts Receivable declined by C$0.02 Mil from Apr. 2022 to Apr. 2023 .

Quebec Rare Earth Elements's Accounts Receivable for the quarter that ended in Jan. 2024 was C$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. Quebec Rare Earth Elements's liquidation value for the three months ended in Jan. 2024 was C$-0.04 Mil.

Quebec Rare Earth Elements Change In Receivables Historical Data

The historical data trend for Quebec Rare Earth Elements'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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Quebec Rare Earth Elements Change In Receivables Chart

Quebec Rare Earth Elements Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Change In Receivables

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-0.04

0.06

-0.09

0.07

0.02

Quebec Rare Earth Elements Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial															-	-0.01	-	0.02	-

Quebec Rare Earth Elements 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.02 Mil.

Quebec Rare Earth Elements (XCNQ:QREE) 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.

Quebec Rare Earth Elements's Days Sales Outstanding for the quarter that ended in Jan. 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, Quebec Rare Earth Elements's accounts receivable are only considered to be worth 75% of book value:

Quebec Rare Earth Elements's liquidation value for the quarter that ended in Jan. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.092	-	0.134	+	0.75 * 0	+	0.5 * 0
=	-0.04

Quebec Rare Earth Elements Change In Receivables Related Terms

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Quebec Rare Earth Elements (XCNQ:QREE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quebec Rare Earth Elements Corp (XCNQ:QREE) » Definitions » Change In Receivables

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QQREF:USA 41K:Germany

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.metallica-metals.com

Quebec Rare Earth Elements Corp is a junior exploration company targeting gold, silver, platinum, and palladium in some of the most active exploration districts in Canada. Its flagship asset, the Starr Project, is host to multiple high-grade gold and silver discoveries that have been identified through trenching, bulk sampling, and diamond drilling. In addition, the company is one of the landholders in the rapidly advancing Marathon/Thunder Bay North area mining districts where Generation Mining and Clean Air Metals are advancing their sizable high grade platinum-palladium +/- copper-nickel-silver-gold projects. The company also holds sizable land positions in British Columbia's Golden Triangle.

Executives

John Warren Jentz

10% Security Holder, Director