EMTRF (Element 29 Resources) Receivables Turnover : 0.00 (As of Jun. 2024)

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What is Element 29 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. Element 29 Resources's Revenue for the three months ended in Jun. 2024 was $0.00 Mil. Element 29 Resources's average Accounts Receivable for the three months ended in Jun. 2024 was $0.01 Mil.

Element 29 Resources Receivables Turnover Historical Data

The historical data trend for Element 29 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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Element 29 Resources Receivables Turnover Chart

Element 29 Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Element 29 Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Element 29 Resources's Receivables Turnover

For the Copper subindustry, Element 29 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.

Element 29 Resources's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Element 29 Resources's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Element 29 Resources's Receivables Turnover falls into.

Element 29 Resources Receivables Turnover Calculation

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

Element 29 Resources'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	/ (	(0.043	+	0.025)	/	2 )
=	0	/	0.034
=	N/A

Element 29 Resources's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	0	/ (	(0.012	+	0.01)	/	2 )
=	0	/	0.011
=	N/A

Element 29 Resources (OTCPK:EMTRF) 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.

Element 29 Resources Receivables Turnover Related Terms

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Element 29 Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Element 29 Resources Inc (OTCPK:EMTRF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ECU:Canada

Address

1650 - 1066 West Hastings Street, Vancouver, BC, CAN, V6C3X1

Website

https://www.e29copper.com

Element 29 Resources Inc is a Canada-based mineral exploration company acquiring, exploring, and evaluating resource properties. Its projects include the Flor de Cobre and Elida copper projects, among others. It has one business segment, the exploration of mineral properties. The company's properties are located in Peru.

Element 29 Resources Headlines

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