NewOrigin Gold (NewOrigin Gold) Receivables Turnover : 0.00 (As of Mar. 2024)

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What is NewOrigin 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. NewOrigin Gold's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. NewOrigin Gold's average Accounts Receivable for the three months ended in Mar. 2024 was $0.00 Mil.

NewOrigin Gold Receivables Turnover Historical Data

The historical data trend for NewOrigin 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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NewOrigin Gold Receivables Turnover Chart

NewOrigin Gold Annual Data

Trend

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Receivables Turnover

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NewOrigin Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of NewOrigin Gold's Receivables Turnover

For the Gold subindustry, NewOrigin 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.

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

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

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

NewOrigin Gold Receivables Turnover Calculation

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

NewOrigin 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	/ (	(0.015	+	0)	/	1 )
=	0	/	0.015
=	N/A

NewOrigin Gold's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

NewOrigin Gold (OTCPK:TROIF) 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.

NewOrigin Gold Receivables Turnover Related Terms

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NewOrigin Gold (NewOrigin Gold) Business Description

Industry

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

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NEWO:Canada

Address

110 Yonge Street, Dennis Peterson, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.neworigingold.com

NewOrigin Gold Corp's strategy is to stake or acquire early-stage, under-explored precious metals properties in prospective mining camps. The company aims to create shareholder value by leveraging management's broad experience to make new economic gold discoveries on the under-explored properties. It is focused on exploring its flagship Sky Lake Project in the past producing Pickle Lake Mining Camp in northwestern, Ontario. The company's project portfolio includes the North Abitibi Project, South Abitibi Project, the Nipissing Cobalt Property, the Kinebik Gold Project.

NewOrigin Gold (NewOrigin Gold) Headlines

From GuruFocus

NewOrigin Gold Announces Closing of Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 12-20-2022