Highrock Resources (XCNQ:HRK) Receivables Turnover : 0.00 (As of Jan. 2024)

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What is Highrock Resources 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. Highrock Resources's Revenue for the three months ended in Jan. 2024 was C$0.00 Mil. Highrock Resources's average Accounts Receivable for the three months ended in Jan. 2024 was C$0.00 Mil.

Highrock Resources Receivables Turnover Historical Data

The historical data trend for Highrock Resources'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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Highrock Resources Receivables Turnover Chart

Highrock Resources Annual Data

Trend

Jan22

Jan23

Jan24

Receivables Turnover

Highrock Resources Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial					-	-	-	-	-

Competitive Comparison of Highrock Resources's Receivables Turnover

For the Gold subindustry, Highrock Resources'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.

Highrock Resources's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Highrock Resources's Receivables Turnover falls into.

Highrock Resources Receivables Turnover Calculation

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

Highrock Resources's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Receivables Turnover (A: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2024 )	/ (	(Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )
=	0	/ (	(0.002	+	0.003)	/	2 )
=	0	/	0.0025
=	N/A

Highrock Resources'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	/ (	(0.002	+	0.003)	/	2 )
=	0	/	0.0025
=	N/A

Highrock Resources (XCNQ:HRK) 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.

Highrock Resources Receivables Turnover Related Terms

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Highrock Resources (XCNQ:HRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Highrock Resources Ltd (XCNQ:HRK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

Highrock Resources Ltd engages in the exploration and development of mineral properties in British Columbia with a primary focus on gold exploration in British Columbia. It holds an interest in Pathfinder Property.

Executives

Anthony Ralph Roodenburg

Director, Senior Officer

Highrock Resources (XCNQ:HRK) Headlines

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