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Faircourt Goldome (TSX:FGX) Receivables Turnover : 0.00 (As of Jun. 2024)


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What is Faircourt Goldome 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. Faircourt Goldome's Revenue for the six months ended in Jun. 2024 was C$-0.49 Mil. Faircourt Goldome's average Accounts Receivable for the six months ended in Jun. 2024 was C$0.05 Mil.


Faircourt Goldome Receivables Turnover Historical Data

The historical data trend for Faircourt Goldome'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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Faircourt Goldome Receivables Turnover Chart

Faircourt Goldome Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.87 120.47 37.51 7.24 23.17

Faircourt Goldome Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 9.49 - 16.16 8.16 -

Competitive Comparison of Faircourt Goldome's Receivables Turnover

For the Asset Management subindustry, Faircourt Goldome'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.


Faircourt Goldome's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Faircourt Goldome's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Faircourt Goldome's Receivables Turnover falls into.



Faircourt Goldome Receivables Turnover Calculation

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

Faircourt Goldome's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=0.811 / ((0.028 + 0.042) / 2 )
=0.811 / 0.035
=23.17

Faircourt Goldome's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=-0.494 / ((0.042 + 0.049) / 2 )
=-0.494 / 0.0455
=N/A

* 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.


Faircourt Goldome  (TSX:FGX) 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.


Faircourt Goldome Receivables Turnover Related Terms

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Faircourt Goldome Business Description

Traded in Other Exchanges
N/A
Address
120 Adelaide Street West, Suite 2107, Toronto, ON, CAN, M5H 1T1
Faircourt Gold Income Corp is a closed-end investment fund/investment trust. The company's investment objective is to provide shareholders with monthly distributions and the opportunity for capital appreciation. It provides investors with exposure to the various companies involved in gold exploration, mining or production, while also providing a tax-efficient yield in the form of monthly distributions. Geographically the group operates throughout the region of Canada.

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