Forum Energy Metals (TSXV:FMC) Receivables Turnover : 0.00 (As of Feb. 2024)

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What is Forum Energy Metals 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. Forum Energy Metals's Revenue for the three months ended in Feb. 2024 was C$0.00 Mil. Forum Energy Metals's average Accounts Receivable for the three months ended in Feb. 2024 was C$0.04 Mil.

Forum Energy Metals Receivables Turnover Historical Data

The historical data trend for Forum Energy Metals'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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Forum Energy Metals Receivables Turnover Chart

Forum Energy Metals Annual Data

Trend

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Nov23

Receivables Turnover

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Forum Energy Metals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
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Competitive Comparison of Forum Energy Metals's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Forum Energy Metals'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.

Forum Energy Metals's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Forum Energy Metals's Receivables Turnover falls into.

Forum Energy Metals Receivables Turnover Calculation

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

Forum Energy Metals's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Receivables Turnover (A: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2023 )	/ (	(Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )
=	0	/ (	(0.183	+	0.032)	/	2 )
=	0	/	0.1075
=	N/A

Forum Energy Metals's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	0	/ (	(0.032	+	0.046)	/	2 )
=	0	/	0.039
=	N/A

Forum Energy Metals (TSXV:FMC) 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.

Forum Energy Metals Receivables Turnover Related Terms

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Forum Energy Metals (TSXV:FMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forum Energy Metals Corp (TSXV:FMC) » Definitions » Receivables Turnover

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FDCFF:USA

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.forumenergymetals.com

Forum Energy Metals Corp is a Canadian-based mineral resource company focused on the acquisition, exploration, and development of energy metals: copper, cobalt, uranium, and palladium. Its projects include Fir Island uranium property, Henday Lake uranium property, Janice Lake Sedimentary Copper Project, Love Lake Copper-Nickel-Palladium Project, Quartz Gulch Cobalt Project, Idaho, Key Lake Road uranium project, Maurice Point uranium project, and North West Athabasca among others.

Executives

Richard James Mazur

Director, Senior Officer