Cerro Grande Mining (XCNQ:CEG) Receivables Turnover : 0.00 (As of Jun. 2024)

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What is Cerro Grande Mining 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. Cerro Grande Mining's Revenue for the three months ended in Jun. 2024 was C$0.00 Mil. Cerro Grande Mining's average Accounts Receivable for the three months ended in Jun. 2024 was C$0.11 Mil.

Cerro Grande Mining Receivables Turnover Historical Data

The historical data trend for Cerro Grande Mining'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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Cerro Grande Mining Receivables Turnover Chart

Cerro Grande Mining Annual Data

Trend

Sep14

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Sep23

Receivables Turnover

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Cerro Grande Mining Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
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Competitive Comparison of Cerro Grande Mining's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Cerro Grande Mining'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.

Cerro Grande Mining's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Cerro Grande Mining's Receivables Turnover falls into.

Cerro Grande Mining Receivables Turnover Calculation

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

Cerro Grande Mining's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	0	/ (	(0.015	+	0.007)	/	2 )
=	0	/	0.011
=	N/A

Cerro Grande Mining's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	0	/ (	(0.111	+	0.112)	/	2 )
=	0	/	0.1115
=	N/A

Cerro Grande Mining (XCNQ:CEG) 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.

Cerro Grande Mining Receivables Turnover Related Terms

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Cerro Grande Mining Business Description

Industry

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CEGMF:USA

Address

1 King Street West, Suite 4009, Toronto, ON, CAN, M5H 1A1

Website

http://www.cegmining.com

Cerro Grande Mining Corp is a Canada-based exploration company. The business activity of the group is operated in one reportable operating segment, being the acquisition, exploration, and development of mineral properties. It explores new gold, copper, and industrial mineral properties in central Chile. The company holds an interest in Pimenton Copper Gold Mining Project.