GORO (Gold Resource) Change In Receivables : $-0.70 Mil (TTM As of Sep. 2024)

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What is Gold Resource Change In Receivables?

Gold Resource's change in receivables for the quarter that ended in Sep. 2024 was $-0.84 Mil. It means Gold Resource's Accounts Receivable increased by $0.84 Mil from Jun. 2024 to Sep. 2024 .

Gold Resource's change in receivables for the fiscal year that ended in Dec. 2023 was $0.75 Mil. It means Gold Resource's Accounts Receivable declined by $0.75 Mil from Dec. 2022 to Dec. 2023 .

Gold Resource's Accounts Receivable for the quarter that ended in Sep. 2024 was $5.41 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. Gold Resource's Days Sales Outstanding for the three months ended in Sep. 2024 was 37.22.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Gold Resource's liquidation value for the three months ended in Sep. 2024 was $-88.81 Mil.

Gold Resource Change In Receivables Historical Data

The historical data trend for Gold Resource'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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Gold Resource Change In Receivables Chart

Gold Resource Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-6.62

4.14

-4.45

3.59

0.75

Gold Resource Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-0.36	0.38	0.17	-0.42	-0.84

Gold Resource 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.70 Mil.

Gold Resource (AMEX:GORO) 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.

Gold Resource's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.413	/	13.272	*	91
=	37.22

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

Gold Resource's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.352	-	98.137	+	0.75 * 5.413	+	0.5 * 7.824
=	-88.81

Gold Resource Change In Receivables Related Terms

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Gold Resource Business Description

Industry

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Comparable Companies

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Address

7900 East Union Avenue, Suite 320, Denver, CO, USA, 80237

Website

https://www.goldresourcecorp.com

Gold Resource Corp is a gold and silver producer, developer, and explorer with operations in Oaxaca, Mexico, and Nevada, USA. It targets low capital expenditure projects with the potential for generating high returns on capital. The company's two pipeline projects are; Don David Gold at Oaxaca, Mexico, and Back Forty at Michigan, United States of America.

Executives

Chet Holyoak	officer: Interim CFO	7900 E UNION AVENUE, SUITE 320, DENVER CO 80237
Allen J Palmiere	director, officer: CEO, President	2000 S. COLORADO BLVD., SUITE 10200, DENVER CO 80222
Joseph Martin Driscoll	director	2000 S. COLORADO BLVD, SUITE 10200, DENVER CO 80222
Kimberly C Perry	officer: Chief Financial Officer	2886 CARRIAGE MANOR POINT, COLORADO SPRINGS CO 80906
Alberto Reyes	officer: Chief Operating Officer	53 RIVER VALLEY DRIVE, KITCHENER A6 N2C 2V5
Lila A Murphy	director	2000 S. COLORADO BLVD., SUITE 10200, DENVER CO 80222
Ronald Little	director	2234 OLD LILAC LANE, OTTAWA A6 K1H 6H7
Richard M Irvine	director	LAS ROSAS #339, COLONIA REFORMA, OAXACA O5 68050
Alex G Morrison	director	1658 COLE BLVD., BLDG. 6, SUITE 210, LAKEWOOD CO 80401
Elizabeth Ann Wilkinson	officer: See Remarks	45 GLENADEN AVENUE E, TORONTO A6 M8Y 2L4
Bill M Conrad	director	2886 CARRIAGE MANOR POINT, COLO SPGS CO 80906
Gregory A Patterson	officer: VP Corporate Development	2886 CARRIAGE MANOR POINT, COLORADO SPRINGS CO 80906
Barry D Devlin	officer: VP Exploration	7338 YELLOW FIN COURT, BLAINE WA 98230
John A Labate	officer: Chief Financial Officer
Jessica M Browne	officer: VP, General Counsel, Secretary	2886 CARRIAGE MANOR POINT, COLORADO SPRINGS CO 80906