Cerrado Gold (Cerrado Gold) Receivables Turnover : 23.51 (As of Sep. 2023)

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What is Cerrado Gold 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. Cerrado Gold's Revenue for the three months ended in Sep. 2023 was $21.57 Mil. Cerrado Gold's average Accounts Receivable for the three months ended in Sep. 2023 was $0.92 Mil. Hence, Cerrado Gold's Receivables Turnover for the three months ended in Sep. 2023 was 23.51.

Cerrado Gold Receivables Turnover Historical Data

The historical data trend for Cerrado Gold'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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Cerrado Gold Receivables Turnover Chart

Cerrado Gold Annual Data

Trend

Dec21

Dec22

Receivables Turnover

57.56

70.37

Cerrado Gold Quarterly Data
	Sep19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial										16.50	19.69	18.38	16.42	23.51

Competitive Comparison of Cerrado Gold's Receivables Turnover

For the Gold subindustry, Cerrado Gold'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.

Cerrado Gold's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Cerrado Gold's Receivables Turnover falls into.

Cerrado Gold Receivables Turnover Calculation

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

Cerrado Gold's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	90.36	/ (	(1.217	+	1.351)	/	2 )
=	90.36	/	1.284
=	70.37

Cerrado Gold's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	21.574	/ (	(0.935	+	0.9)	/	2 )
=	21.574	/	0.9175
=	23.51

Cerrado Gold (OTCPK:CRDOF) 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.

Cerrado Gold Receivables Turnover Related Terms

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Cerrado Gold (Cerrado Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cerrado Gold Inc (OTCPK:CRDOF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CERT:Canada

Address

200 Bay Street, Suite 3205, Toronto, ON, CAN, M5J 2J2

Website

https://www.cerradogold.com

Cerrado Gold Inc is a precious metals mining and exploration company building a portfolio of assets in South America. The company owns Minera Don Nicolas Project, located in Santa Cruz, Argentina. It is also focused on exploration at its Monte do Carmo gold Project in Tocantins State, Brazil.