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Canada Rare Earth (Canada Rare Earth) Receivables Turnover : 0.71 (As of Dec. 2023)


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What is Canada Rare Earth 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. Canada Rare Earth's Revenue for the three months ended in Dec. 2023 was $0.59 Mil. Canada Rare Earth's average Accounts Receivable for the three months ended in Dec. 2023 was $0.83 Mil. Hence, Canada Rare Earth's Receivables Turnover for the three months ended in Dec. 2023 was 0.71.


Canada Rare Earth Receivables Turnover Historical Data

The historical data trend for Canada Rare Earth'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.

* Premium members only.

Canada Rare Earth Receivables Turnover Chart

Canada Rare Earth Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.13 2.78 20.71 1.26 11.73

Canada Rare Earth Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.02 1.34 1.12 0.05 0.71

Competitive Comparison of Canada Rare Earth's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Canada Rare Earth'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.


Canada Rare Earth's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Canada Rare Earth's Receivables Turnover falls into.



Canada Rare Earth Receivables Turnover Calculation

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

Canada Rare Earth's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=3.929 / ((0.257 + 0.413) / 2 )
=3.929 / 0.335
=11.73

Canada Rare Earth'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 )
=0.59 / ((0.763 + 0.897) / 2 )
=0.59 / 0.83
=0.71

* 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.


Canada Rare Earth  (OTCPK:RAREF) 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.


Canada Rare Earth Receivables Turnover Related Terms

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Canada Rare Earth (Canada Rare Earth) Business Description

Traded in Other Exchanges
Address
650 West Georgia Street, Suite 2110, Vancouver, BC, CAN, V6B 4N8
Canada Rare Earth Corp is a Canada-based development stage company. The company is engaged in developing an integrated business within the rare earth industry from the initial mandate of acquiring and exploring mineral property interests. It's only reportable segment is the sale of oxides and rare earth concentrate. Geographically, it derives a majority of revenue from Asia.

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