Cannon Resources (ASX:CNR) Receivables Turnover : 0.00 (As of Dec. 2021)

View and export this data going back to 2021. Start your Free Trial

What is Cannon Resources Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Cannon Resources's Revenue for the six months ended in Dec. 2021 was A$0.00 Mil. Cannon Resources's average Accounts Receivable for the six months ended in Dec. 2021 was A$0.09 Mil.

Cannon Resources Receivables Turnover Historical Data

The historical data trend for Cannon Resources's Receivables Turnover 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.

Cannon Resources Receivables Turnover Chart

Cannon Resources Annual Data

Trend

Jun22

Receivables Turnover

Cannon Resources Semi-Annual Data
	Dec21	Jun22
Receivables Turnover	-	-

Competitive Comparison of Cannon Resources's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Cannon Resources's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cannon Resources's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Cannon Resources's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cannon Resources's Receivables Turnover falls into.

Cannon Resources Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Cannon Resources's Receivables Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Receivables Turnover (A: Jun. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2022 )	/ (	(Accounts Receivable (A: . 20 )	+	Accounts Receivable (A: Jun. 2022 ))	/	count )
=	0	/ (	(	+	0)	/	1 )
=	0	/	0
=	N/A

Cannon Resources's Receivables Turnover for the quarter that ended in Dec. 2021 is calculated as

	Receivables Turnover (Q: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2021 )	/ (	(Accounts Receivable (Q: . 20 )	+	Accounts Receivable (Q: Dec. 2021 ))	/	count )
=	0	/ (	(	+	0.094)	/	1 )
=	0	/	0.094
=	N/A

Cannon Resources (ASX:CNR) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Cannon Resources Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Cannon Resources's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Cannon Resources (ASX:CNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cannon Resources Ltd (ASX:CNR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

87 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.cannonres.com.au

Cannon Resources Ltd is a mineral exploration and development company. It is engaged in two projects located in the North-Eastern Goldfields region of Western Australia. The Fisher East Project contains nickel deposits of Camelwood, Cannonball, and Musket; and the Collurabbie Project. The Group operates within the mineral exploration industry in Australia.