Aduro Clean Technologies (XCNQ:ACT) Receivables Turnover : 0.00 (As of Feb. 2024)

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What is Aduro Clean Technologies 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. Aduro Clean Technologies's Revenue for the three months ended in Feb. 2024 was C$0.10 Mil. Aduro Clean Technologies's average Accounts Receivable for the three months ended in Feb. 2024 was C$0.00 Mil.

Aduro Clean Technologies Receivables Turnover Historical Data

The historical data trend for Aduro Clean Technologies'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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Aduro Clean Technologies Receivables Turnover Chart

Aduro Clean Technologies Annual Data

Trend

May18

May19

May20

May21

May22

May23

Receivables Turnover

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Aduro Clean Technologies Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
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Competitive Comparison of Aduro Clean Technologies's Receivables Turnover

For the Pollution & Treatment Controls subindustry, Aduro Clean Technologies'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.

Aduro Clean Technologies's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Aduro Clean Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Aduro Clean Technologies's Receivables Turnover falls into.

Aduro Clean Technologies Receivables Turnover Calculation

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

Aduro Clean Technologies's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	0.11	/ (	(0	+	0)	/	1 )
=	0.11	/	0
=	N/A

Aduro Clean Technologies's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	0.104	/ (	(0	+	0)	/	1 )
=	0.104	/	0
=	N/A

Aduro Clean Technologies (XCNQ:ACT) 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.

Aduro Clean Technologies Receivables Turnover Related Terms

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Aduro Clean Technologies (XCNQ:ACT) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aduro Clean Technologies Inc (XCNQ:ACT) » Definitions » Receivables Turnover

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ACTHF:USA 9D50:Germany

Address

1086 Modeland Road, Suite 104, Sarnia, ON, CAN, N7S 6L2

Website

https://www.adurocleantech.com

Aduro Clean Technologies Inc is a developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into feedstocks and higher-value fuels. The company's technology activates unique properties of water in a chemistry platform that operates at relatively low temperatures and costs.