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. Ivanhoe Electric's Revenue for the
three
months ended in Sep. 2024 was $0.67 Mil. Ivanhoe Electric's average Accounts Receivable for the
three
months ended in Sep. 2024 was $2.70 Mil.
Hence, Ivanhoe Electric's Receivables Turnover for the
three
months ended in Sep. 2024 was 0.25.
Ivanhoe Electric Receivables Turnover Historical Data
The historical data trend for Ivanhoe Electric'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.
Competitive Comparison of Ivanhoe Electric's Receivables Turnover
For the Copper subindustry, Ivanhoe Electric'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.
Ivanhoe Electric's Receivables Turnover Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ivanhoe Electric's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Ivanhoe Electric's Receivables Turnover falls into.
Ivanhoe Electric Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Ivanhoe Electric's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Ivanhoe Electric (AMEX:IE) 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.
Ivanhoe Electric Receivables Turnover Related Terms
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Ivanhoe Electric Inc is a United States-based minerals exploration and development company with a focus on developing mines from mineral deposits located in the United States. The company has three reportable segments; Critical metals segment is focused on mineral project exploration and development with a focus on identifying and developing mineral projects, and ultimately mines, associated with the metals necessary for electrification, The data processing segment provides data analytics, geophysical modeling, and artificial intelligence services for the mineral, oil & gas and water exploration industries, and The energy storage segment develops, manufactures and installs vanadium flow batteries for grid-scale energy storage. It derives a majority of its revenue from Canada.
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