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GUYGF (G2 Goldfields) Receivables Turnover : 2.97 (As of Aug. 2024)


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What is G2 Goldfields 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. G2 Goldfields's Revenue for the three months ended in Aug. 2024 was $0.09 Mil. G2 Goldfields's average Accounts Receivable for the three months ended in Aug. 2024 was $0.03 Mil. Hence, G2 Goldfields's Receivables Turnover for the three months ended in Aug. 2024 was 2.97.


G2 Goldfields Receivables Turnover Historical Data

The historical data trend for G2 Goldfields'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.

* Premium members only.

G2 Goldfields Receivables Turnover Chart

G2 Goldfields Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.74 240.00 24.45 18.72 19.95

G2 Goldfields Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.11 4.05 3.29 3.57 2.97

Competitive Comparison of G2 Goldfields's Receivables Turnover

For the Gold subindustry, G2 Goldfields'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.


G2 Goldfields's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, G2 Goldfields's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where G2 Goldfields's Receivables Turnover falls into.



G2 Goldfields Receivables Turnover Calculation

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

G2 Goldfields's Receivables Turnover for the fiscal year that ended in May. 2024 is calculated as

Receivables Turnover (A: May. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: May. 2024 ) / ((Accounts Receivable (A: May. 2023 ) + Accounts Receivable (A: May. 2024 )) / count )
=0.389 / ((0.005 + 0.034) / 2 )
=0.389 / 0.0195
=19.95

G2 Goldfields's Receivables Turnover for the quarter that ended in Aug. 2024 is calculated as

Receivables Turnover (Q: Aug. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Aug. 2024 ) / ((Accounts Receivable (Q: May. 2024 ) + Accounts Receivable (Q: Aug. 2024 )) / count )
=0.089 / ((0.034 + 0.026) / 2 )
=0.089 / 0.03
=2.97

* 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.


G2 Goldfields  (OTCPK:GUYGF) 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.


G2 Goldfields Receivables Turnover Related Terms

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G2 Goldfields Business Description

Traded in Other Exchanges
Address
141 Adelaide Street West, Suite 1101, Toronto, ON, CAN, M5H 3L5
G2 Goldfields Inc is a Canada-based company engaged in the business of acquiring and exploring mineral properties. The company's project portfolio includes Sandy Lake Gold Project in Canada, Aremu / Oko Gold Project in Guyana, and Peters Mine in Guyana.

G2 Goldfields Headlines

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