VAR Resources (TSXV:VAR) Receivables Turnover : 0.00 (As of Jul. 2022)

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What is VAR 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. VAR Resources's Revenue for the three months ended in Jul. 2022 was C$0.00 Mil. VAR Resources's average Accounts Receivable for the three months ended in Jul. 2022 was C$0.01 Mil.

VAR Resources Receivables Turnover Historical Data

The historical data trend for VAR 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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VAR Resources Receivables Turnover Chart

VAR Resources Annual Data

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Receivables Turnover

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1.11

VAR Resources Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of VAR Resources's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, VAR 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.

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

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

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

VAR Resources Receivables Turnover Calculation

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

VAR Resources's Receivables Turnover for the fiscal year that ended in Oct. 2021 is calculated as

	Receivables Turnover (A: Oct. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2021 )	/ (	(Accounts Receivable (A: Oct. 2020 )	+	Accounts Receivable (A: Oct. 2021 ))	/	count )
=	0	/ (	(0.001	+	0.002)	/	2 )
=	0	/	0.0015
=	N/A

VAR Resources's Receivables Turnover for the quarter that ended in Jul. 2022 is calculated as

	Receivables Turnover (Q: Jul. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2022 )	/ (	(Accounts Receivable (Q: Apr. 2022 )	+	Accounts Receivable (Q: Jul. 2022 ))	/	count )
=	0	/ (	(0.01	+	0.004)	/	2 )
=	0	/	0.007
=	N/A

VAR Resources (TSXV:VAR) 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.

VAR Resources Receivables Turnover Related Terms

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