SSVRF (Summa Silver) Receivables Turnover : 0.00 (As of Aug. 2024)

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What is Summa Silver 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. Summa Silver's Revenue for the three months ended in Aug. 2024 was $0.00 Mil. Summa Silver's average Accounts Receivable for the three months ended in Aug. 2024 was $0.02 Mil.

Summa Silver Receivables Turnover Historical Data

The historical data trend for Summa Silver'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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Summa Silver Receivables Turnover Chart

Summa Silver Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Receivables Turnover

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Summa Silver Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
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Competitive Comparison of Summa Silver's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Summa Silver'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.

Summa Silver's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Summa Silver's Receivables Turnover falls into.

Summa Silver Receivables Turnover Calculation

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

Summa Silver's Receivables Turnover for the fiscal year that ended in Aug. 2024 is calculated as

	Receivables Turnover (A: Aug. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2024 )	/ (	(Accounts Receivable (A: Aug. 2023 )	+	Accounts Receivable (A: Aug. 2024 ))	/	count )
=	0	/ (	(0.043	+	0.01)	/	2 )
=	0	/	0.0265
=	N/A

Summa Silver'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	/ (	(0.023	+	0.01)	/	2 )
=	0	/	0.0165
=	N/A

Summa Silver (OTCPK:SSVRF) 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.

Summa Silver Receivables Turnover Related Terms

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Summa Silver Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Summa Silver Corp (OTCPK:SSVRF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

48X:Germany SSVR:Canada

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.summasilver.com

Summa Silver Corp is a Canadian junior mineral exploration company. The company's property consists of the Hughes Property located in Central Nevada, the Mogollon Property located in southwestern New Mexico, and Donna Property located in the Kamloops Mining Division in British Columbia.