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Goldbank Mining (TSXV:GLB) Receivables Turnover : 0.00 (As of Dec. 2023)


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What is Goldbank Mining 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. Goldbank Mining's Revenue for the three months ended in Dec. 2023 was C$0.00 Mil. Goldbank Mining's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.07 Mil.


Goldbank Mining Receivables Turnover Historical Data

The historical data trend for Goldbank Mining'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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Goldbank Mining Receivables Turnover Chart

Goldbank Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
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Goldbank Mining 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 Goldbank Mining's Receivables Turnover

For the Gold subindustry, Goldbank Mining'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.


Goldbank Mining's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Goldbank Mining's Receivables Turnover falls into.



Goldbank Mining Receivables Turnover Calculation

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

Goldbank Mining'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 / ((0.055 + 0.071) / 2 )
=0 / 0.063
=N/A

Goldbank Mining'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 / ((0.074 + 0.071) / 2 )
=0 / 0.0725
=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.


Goldbank Mining  (TSXV:GLB) 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.


Goldbank Mining Receivables Turnover Related Terms

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Goldbank Mining (TSXV:GLB) Business Description

Traded in Other Exchanges
Address
889 West Pender Street, Suite 702, Vancouver, BC, CAN, V6C 3B2
Goldbank Mining Corp is an exploration stage company which is engaged in the process of exploring its mineral property in Canada. The company is involved in the exploration and development in the Yukon including the Leota Gold project which includes hard rock mining claims of Gold properties in the Klondike region of the Yukon Territories, Canada, and the Hasenfuss. It operates in one industry and geographic segment, the mineral resource industry with all current exploration activities conducted in Canada.
Executives
Francesco Joseph Garofalo Director

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