Thor Explorations (TSXV:THX) Receivables Turnover : 869.13 (As of Dec. 2023)

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What is Thor Explorations 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. Thor Explorations's Revenue for the three months ended in Dec. 2023 was C$30.9 Mil. Thor Explorations's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.0 Mil. Hence, Thor Explorations's Receivables Turnover for the three months ended in Dec. 2023 was 869.13.

Thor Explorations Receivables Turnover Historical Data

The historical data trend for Thor Explorations'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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Thor Explorations Receivables Turnover Chart

Thor Explorations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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25.39

1,133.28

3,867.22

Thor Explorations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															207.25	633.63	814.16	853.74	869.13

Competitive Comparison of Thor Explorations's Receivables Turnover

For the Gold subindustry, Thor Explorations'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.

Thor Explorations's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Thor Explorations's Receivables Turnover falls into.

Thor Explorations Receivables Turnover Calculation

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

Thor Explorations's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	189.494	/ (	(0.091	+	0.007)	/	2 )
=	189.494	/	0.049
=	3,867.22

Thor Explorations's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	30.854	/ (	(0.064	+	0.007)	/	2 )
=	30.854	/	0.0355
=	869.13

Thor Explorations (TSXV:THX) 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.

Thor Explorations Receivables Turnover Related Terms

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Thor Explorations (TSXV:THX) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thor Explorations Ltd (TSXV:THX) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

1075 West Georgia Street, Suite 220, Vancouver, BC, CAN, V6EC9

Website

https://www.thorexpl.com

Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria and a 70% interest in the Douta Gold Project located in south-eastern Senegal. It also holds a 100% interest in the Bongui and Legue gold permits located in Hounde greenstone belt, southwest Burkina Faso. It has three reportable segments, the Segilola Mine Project, Exploration Projects, and Corporate.

Thor Explorations (TSXV:THX) Headlines

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