Mink Ventures (TSXV:MINK) Receivables Turnover : 0.00 (As of Mar. 2024)

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What is Mink Ventures 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. Mink Ventures's Revenue for the three months ended in Mar. 2024 was C$0.00 Mil. Mink Ventures's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.06 Mil.

Mink Ventures Receivables Turnover Historical Data

The historical data trend for Mink Ventures'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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Mink Ventures Receivables Turnover Chart

Mink Ventures Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

Mink Ventures Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Mink Ventures's Receivables Turnover

For the Shell Companies subindustry, Mink Ventures'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.

Mink Ventures's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Mink Ventures's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mink Ventures's Receivables Turnover falls into.

Mink Ventures Receivables Turnover Calculation

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

Mink Ventures'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	/ (	(0.015	+	0.106)	/	2 )
=	0	/	0.0605
=	N/A

Mink Ventures'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	/ (	(0.106	+	0.023)	/	2 )
=	0	/	0.0645
=	N/A

Mink Ventures (TSXV:MINK) 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.

Mink Ventures Receivables Turnover Related Terms

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Mink Ventures (TSXV:MINK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mink Ventures Corp (TSXV:MINK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

66 Wellington Street West, Suite 4100, Toronto, ON, CAN, M5K 1B7

Website

https://www.minkventures.com

Mink Ventures Corp is a Canadian mineral exploration company exploring battery metals (nickel, copper, cobalt) at its Montcalm project. The principal business of the company is the acquisition, exploration and development of mineral property interests in Canada.

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