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BGX - Black Gold Exploration (XCNQ:BGX) Receivables Turnover : 0.00 (As of Sep. 2024)


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What is BGX - Black Gold Exploration 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. BGX - Black Gold Exploration's Revenue for the three months ended in Sep. 2024 was C$0.00 Mil. BGX - Black Gold Exploration's average Accounts Receivable for the three months ended in Sep. 2024 was C$0.03 Mil.


BGX - Black Gold Exploration Receivables Turnover Historical Data

The historical data trend for BGX - Black Gold Exploration'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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BGX - Black Gold Exploration Receivables Turnover Chart

BGX - Black Gold Exploration Annual Data
Trend Dec21 Dec22 Dec23
Receivables Turnover
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BGX - Black Gold Exploration Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of BGX - Black Gold Exploration's Receivables Turnover

For the Oil & Gas E&P subindustry, BGX - Black Gold Exploration'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.


BGX - Black Gold Exploration's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, BGX - Black Gold Exploration's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where BGX - Black Gold Exploration's Receivables Turnover falls into.


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BGX - Black Gold Exploration Receivables Turnover Calculation

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

BGX - Black Gold Exploration'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 / ((0.002 + 0.012) / 2 )
=0 / 0.007
=N/A

BGX - Black Gold Exploration's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=0 / ((0.024 + 0.028) / 2 )
=0 / 0.026
=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.


BGX - Black Gold Exploration  (XCNQ:BGX) 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.


BGX - Black Gold Exploration Receivables Turnover Related Terms

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BGX - Black Gold Exploration Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 2400, Vancouver, BC, CAN, V6E 3P3
BGX - Black Gold Exploration Corp is engaged in the exploration of oil and gas properties in Argentina. The Company's objective is to explore and warranted develop the El Carmen Property.

BGX - Black Gold Exploration Headlines

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