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Foremost Lithium Resource & Technology (XCNQ:FAT) Receivables Turnover : 0.00 (As of Sep. 2023)


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What is Foremost Lithium Resource & Technology 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. Foremost Lithium Resource & Technology's Revenue for the three months ended in Sep. 2023 was C$0.00 Mil. Foremost Lithium Resource & Technology's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.00 Mil.


Foremost Lithium Resource & Technology Receivables Turnover Historical Data

The historical data trend for Foremost Lithium Resource & Technology'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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Foremost Lithium Resource & Technology Receivables Turnover Chart

Foremost Lithium Resource & Technology Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
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Foremost Lithium Resource & Technology Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of Foremost Lithium Resource & Technology's Receivables Turnover

For the Chemicals subindustry, Foremost Lithium Resource & Technology'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.


Foremost Lithium Resource & Technology's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Foremost Lithium Resource & Technology's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Foremost Lithium Resource & Technology's Receivables Turnover falls into.



Foremost Lithium Resource & Technology Receivables Turnover Calculation

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

Foremost Lithium Resource & Technology's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

Foremost Lithium Resource & Technology's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=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.


Foremost Lithium Resource & Technology  (XCNQ:FAT) 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.


Foremost Lithium Resource & Technology Receivables Turnover Related Terms

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Foremost Lithium Resource & Technology (XCNQ:FAT) Business Description

Traded in Other Exchanges
Address
700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1K8
Foremost Lithium Resource & Technology Ltd is a hard-rock exploration company strategically located to capitalize on the growing EV appetite and is committed to being a supplier of North America's lithium feedstock. As the transition towards decarbonization, the company is focused on the exploration and growth of its five Lithium Lane Projects in Snow Lake Manitoba. It also has the Winston Gold/Silver Property in New Mexico, USA.
Executives
Sead Hamzagic Senior Officer