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Visible Gold Mines (TSXV:VGD) Receivables Turnover : 0.00 (As of Jan. 2024)


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What is Visible Gold Mines 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. Visible Gold Mines's Revenue for the three months ended in Jan. 2024 was C$0.00 Mil. Visible Gold Mines's average Accounts Receivable for the three months ended in Jan. 2024 was C$0.01 Mil.


Visible Gold Mines Receivables Turnover Historical Data

The historical data trend for Visible Gold Mines'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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Visible Gold Mines Receivables Turnover Chart

Visible Gold Mines Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Receivables Turnover
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Visible Gold Mines Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Competitive Comparison of Visible Gold Mines's Receivables Turnover

For the Gold subindustry, Visible Gold Mines'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.


Visible Gold Mines's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Visible Gold Mines's Receivables Turnover falls into.



Visible Gold Mines Receivables Turnover Calculation

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

Visible Gold Mines's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

Receivables Turnover (A: Jul. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jul. 2023 ) / ((Accounts Receivable (A: Jul. 2022 ) + Accounts Receivable (A: Jul. 2023 )) / count )
=0 / ((0 + 0.043) / 1 )
=0 / 0.043
=N/A

Visible Gold Mines's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

Receivables Turnover (Q: Jan. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jan. 2024 ) / ((Accounts Receivable (Q: Oct. 2023 ) + Accounts Receivable (Q: Jan. 2024 )) / count )
=0 / ((0.004 + 0.008) / 2 )
=0 / 0.006
=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.


Visible Gold Mines  (TSXV:VGD) 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.


Visible Gold Mines Receivables Turnover Related Terms

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Visible Gold Mines (TSXV:VGD) Business Description

Traded in Other Exchanges
Address
147 Quebec Avenue (porte arriere), Rouyn-Noranda, QC, CAN, J9X 6M8
Visible Gold Mines Inc is engaged in the acquisition and exploration of mineral properties with prospects for hosting gold mineral deposits in Canada. The company has a single reporting segment. Its properties include CarLi Project, Piko Property, NataLi Project, Veronik, Piko, Horsefly, Hazeur and others.
Executives
Sylvain Champagne Director, Senior Officer

Visible Gold Mines (TSXV:VGD) Headlines

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