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McLaren Resources (XCNQ:MCL) Receivables Turnover : 0.00 (As of Dec. 2023)


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


McLaren Resources Receivables Turnover Historical Data

The historical data trend for McLaren 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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McLaren Resources Receivables Turnover Chart

McLaren Resources Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Receivables Turnover
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McLaren Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of McLaren Resources's Receivables Turnover

For the Gold subindustry, McLaren 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.


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

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

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



McLaren Resources Receivables Turnover Calculation

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

McLaren Resources's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

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

McLaren Resources'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.


McLaren Resources  (XCNQ:MCL) 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.


McLaren Resources Receivables Turnover Related Terms

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McLaren Resources (XCNQ:MCL) Business Description

Traded in Other Exchanges
Address
44 Victoria Street, Suite 1616, Toronto, ON, CAN, M5C 1Y2
McLaren Resources Inc is engaged in the acquisition, exploration, and development of mineral resource properties. The company holds an interest in Blue Quartz gold property, Augdome property, McCool gold property and Kerrs.
Executives
Radovan Danilovsky Senior Officer

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