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Goldflare Exploration (TSXV:GOFL) Receivables Turnover : 0.00 (As of Nov. 2023)


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What is Goldflare Exploration 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. Goldflare Exploration's Revenue for the three months ended in Nov. 2023 was C$0.00 Mil. Goldflare Exploration's average Accounts Receivable for the three months ended in Nov. 2023 was C$0.00 Mil.


Goldflare Exploration Receivables Turnover Historical Data

The historical data trend for Goldflare Exploration'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.

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Goldflare Exploration Receivables Turnover Chart

Goldflare Exploration Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Receivables Turnover
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Goldflare Exploration Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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Competitive Comparison of Goldflare Exploration's Receivables Turnover

For the Gold subindustry, Goldflare Exploration'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.


Goldflare Exploration's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Goldflare Exploration's Receivables Turnover falls into.



Goldflare Exploration Receivables Turnover Calculation

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

Goldflare Exploration's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

Receivables Turnover (A: Feb. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Feb. 2023 ) / ((Accounts Receivable (A: Feb. 2022 ) + Accounts Receivable (A: Feb. 2023 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

Goldflare Exploration's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

Receivables Turnover (Q: Nov. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Nov. 2023 ) / ((Accounts Receivable (Q: Aug. 2023 ) + Accounts Receivable (Q: Nov. 2023 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

* 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.


Goldflare Exploration  (TSXV:GOFL) 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.


Goldflare Exploration Receivables Turnover Related Terms

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Goldflare Exploration (TSXV:GOFL) Business Description

Traded in Other Exchanges
N/A
Address
458, des Laurentides Boulevard, Piedmont, QC, CAN, J0R 1K0
Goldflare Exploration Inc is a mineral exploration company that owns a diversified portfolio of properties. The company is the sole owner of the Aiguebelle-Goldfields, Ranger, Windfall, and Syenite Condor Properties; and it holds 50% of the Destorbelle Property. All of its properties are located in Quebec.
Executives
Yves Dufour Director
Ghislain Morin Senior Officer
Serge Roy Senior Officer

Goldflare Exploration (TSXV:GOFL) Headlines

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