Solstice Gold (TSXV:SGC) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is Solstice 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. Solstice Gold's Revenue for the three months ended in Dec. 2023 was C$0.00 Mil. Solstice Gold's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.10 Mil.

Solstice Gold Receivables Turnover Historical Data

The historical data trend for Solstice 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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Solstice Gold Receivables Turnover Chart

Solstice Gold Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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Solstice Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Competitive Comparison of Solstice Gold's Receivables Turnover

For the Gold subindustry, Solstice 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.

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

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

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

Solstice Gold Receivables Turnover Calculation

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

Solstice 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	/ (	(0.053	+	0.019)	/	2 )
=	0	/	0.036
=	N/A

Solstice Gold's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0	/ (	(0.031	+	0.161)	/	2 )
=	0	/	0.096
=	N/A

Solstice Gold (TSXV:SGC) 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.

Solstice Gold Receivables Turnover Related Terms

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Solstice Gold (TSXV:SGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Solstice Gold Corp (TSXV:SGC) » Definitions » Receivables Turnover

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Traded in Other Exchanges

SGCPF:USA

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.solsticegold.com

Solstice Gold Corp is a gold exploration company. Its material property is the gold project at the Kahuna Property and Red Lake Extension project. .The Company is does exploration of mineral resource properties in Ontario and Nunavut, Canada.

Executives

Martin Edward Tunney

Director, Senior Officer