Vortex Energy (XCNQ:VRTX) Receivables Turnover : 0.00 (As of Mar. 2024)

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What is Vortex Energy 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. Vortex Energy's Revenue for the three months ended in Mar. 2024 was C$0.00 Mil. Vortex Energy's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.48 Mil.

Vortex Energy Receivables Turnover Historical Data

The historical data trend for Vortex Energy'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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Vortex Energy Receivables Turnover Chart

Vortex Energy Annual Data

Trend

Jun22

Jun23

Receivables Turnover

Vortex Energy Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Vortex Energy's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Vortex Energy'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.

Vortex Energy's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Vortex Energy's Receivables Turnover falls into.

Vortex Energy Receivables Turnover Calculation

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

Vortex Energy's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	0	/ (	(0	+	0.144)	/	1 )
=	0	/	0.144
=	N/A

Vortex Energy's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0	/ (	(0.404	+	0.563)	/	2 )
=	0	/	0.4835
=	N/A

Vortex Energy (XCNQ:VRTX) 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.

Vortex Energy Receivables Turnover Related Terms

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Vortex Energy (XCNQ:VRTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vortex Energy Corp (XCNQ:VRTX) » Definitions » Receivables Turnover

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Traded in Other Exchanges

VTECF:USA AA3:Germany

Address

1177 West Hastings Street, Suite 1930, Vancouver, BC, CAN, V6E 4T5

Website

Vortex Energy Corp is engaged in the acquisition, exploration, staking, and evaluation of the green energy and/or mineral exploration sector. natural resource properties in North America.

Executives