GGX Gold (GGX Gold) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is GGX 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. GGX Gold's Revenue for the three months ended in Dec. 2023 was $0.00 Mil. GGX Gold's average Accounts Receivable for the three months ended in Dec. 2023 was $0.00 Mil.

GGX Gold Receivables Turnover Historical Data

The historical data trend for GGX 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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GGX Gold Receivables Turnover Chart

GGX Gold Annual Data

Trend

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Receivables Turnover

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GGX Gold 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 GGX Gold's Receivables Turnover

For the Gold subindustry, GGX 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.

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

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

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

GGX Gold Receivables Turnover Calculation

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

GGX Gold'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)	/	1 )
=	0	/	0
=	N/A

GGX Gold'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	+	0)	/	1 )
=	0	/	0
=	N/A

GGX Gold (OTCPK:GGXXF) 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.

GGX Gold Receivables Turnover Related Terms

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GGX Gold (GGX Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GGX Gold Corp (OTCPK:GGXXF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

3SR:Germany GGX:Canada

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.ggxgold.com

GGX Gold Corp is a Canada-based company. It is involved in the industrial metals and minerals business sector. The activities of the company consist of the acquisition, exploration, and development of mineral properties. The company has one project known as Gold Drop. It explores for gold, Tellurium, and silver properties.