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Lovitt Resources (TSXV:LRC.H) Receivables Turnover : 0.00 (As of Mar. 2023)


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What is Lovitt Resources 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. Lovitt Resources's Revenue for the three months ended in Mar. 2023 was C$0.00 Mil. Lovitt Resources's average Accounts Receivable for the three months ended in Mar. 2023 was C$0.00 Mil.


Lovitt Resources Receivables Turnover Historical Data

The historical data trend for Lovitt Resources'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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Lovitt Resources Receivables Turnover Chart

Lovitt Resources Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Mar16 Mar17 Mar18 Mar19 Jun21 Jun22
Receivables Turnover
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Lovitt Resources Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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Competitive Comparison of Lovitt Resources's Receivables Turnover

For the Gold subindustry, Lovitt Resources'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.


Lovitt Resources's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Lovitt Resources's Receivables Turnover falls into.



Lovitt Resources Receivables Turnover Calculation

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

Lovitt Resources's Receivables Turnover for the fiscal year that ended in Jun. 2022 is calculated as

Receivables Turnover (A: Jun. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2022 ) / ((Accounts Receivable (A: Jun. 2021 ) + Accounts Receivable (A: Jun. 2022 )) / count )
=0 / ((0.006 + 0.001) / 2 )
=0 / 0.0035
=N/A

Lovitt Resources's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

Receivables Turnover (Q: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Mar. 2023 )) / count )
=0 / ((0.004 + 0.003) / 2 )
=0 / 0.0035
=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.


Lovitt Resources  (TSXV:LRC.H) 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.


Lovitt Resources Receivables Turnover Related Terms

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Lovitt Resources (TSXV:LRC.H) Business Description

Traded in Other Exchanges
N/A
Address
1942 167 Street, Surrey, British Columbia, BC, CAN, V3Z 9R4
Lovitt Resources Inc is engaged in the development of gold resources in North America. It holds land and mineral interests located in Wenatchee, Washington, U.S.A. The company finances its operations by selling land. The geopraphical segments include United States and Canada.

Lovitt Resources (TSXV:LRC.H) Headlines

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