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Advanced Gold Exploration (XCNQ:AUEX) Receivables Turnover : 0.00 (As of Dec. 2023)


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


Advanced Gold Exploration Receivables Turnover Historical Data

The historical data trend for Advanced Gold 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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Advanced Gold Exploration Receivables Turnover Chart

Advanced Gold Exploration Annual Data
Trend Dec21 Dec22 Dec23
Receivables Turnover
- - -

Advanced Gold Exploration Quarterly Data
Jun20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Advanced Gold Exploration's Receivables Turnover

For the Gold subindustry, Advanced Gold 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.


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

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

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



Advanced Gold Exploration Receivables Turnover Calculation

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

Advanced Gold Exploration'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 )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

Advanced Gold Exploration'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 )
=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.


Advanced Gold Exploration  (XCNQ:AUEX) 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.


Advanced Gold Exploration Receivables Turnover Related Terms

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Advanced Gold Exploration (XCNQ:AUEX) Business Description

Traded in Other Exchanges
Address
372 Bay Street, Suite 301, Toronto, ON, CAN, M5H 2W9
Advanced Gold Exploration Inc Formerly Advance United Holdings Inc is a junior mining company. It is identifying and acquiring undervalued gold-bearing properties. Its projects include Paint Lake Road Project and Buck Lake Property. It has one business segment and operates in the mineral exploration business in Canada.
Executives
James Atkinson Director, Senior Officer

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