Vortex Metals (TSXV:VMS) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is Vortex 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. Vortex Metals's Revenue for the three months ended in Dec. 2023 was C$0.00 Mil. Vortex Metals's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.09 Mil.

Vortex Metals Receivables Turnover Historical Data

The historical data trend for Vortex 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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Vortex Metals Receivables Turnover Chart

Vortex Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Vortex Metals Quarterly Data
	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of Vortex Metals's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Vortex 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.

Vortex Metals's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

Vortex Metals Receivables Turnover Calculation

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

Vortex Metals'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	/ (	(0.045	+	0.098)	/	2 )
=	0	/	0.0715
=	N/A

Vortex Metals'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	/ (	(0.087	+	0.098)	/	2 )
=	0	/	0.0925
=	N/A

Vortex Metals (TSXV:VMS) 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.

Vortex Metals Receivables Turnover Related Terms

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Vortex Metals (TSXV:VMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vortex Metals Inc (TSXV:VMS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VMSSF:USA DM8:Germany

Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

Vortex Metals Inc is engaged in the acquisition and exploration business. The company has an interest in two drill-ready high potential copper-gold volcanogenic massive sulfide (VMS) properties (Riqueza Marina and Zaachila) in the state of Oaxaca, and a third high-potential gold property (El Rescate) in the state of Puebla. The company has interest in Mexico Properties project.

Executives

Vikas Ranjan

Senior Officer

Vortex Metals (TSXV:VMS) Headlines

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