Cupani Metals (XCNQ:CUPA) Receivables Turnover : 2.83 (As of Sep. 2024)

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What is Cupani 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. Cupani Metals's Revenue for the three months ended in Sep. 2024 was C$0.10 Mil. Cupani Metals's average Accounts Receivable for the three months ended in Sep. 2024 was C$0.04 Mil. Hence, Cupani Metals's Receivables Turnover for the three months ended in Sep. 2024 was 2.83.

Cupani Metals Receivables Turnover Historical Data

The historical data trend for Cupani 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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Cupani Metals Receivables Turnover Chart

Cupani Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.70

5.26

6.82

9.95

8.21

Cupani Metals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															3.14	2.46	1.87	2.65	2.83

Competitive Comparison of Cupani Metals's Receivables Turnover

For the Asset Management subindustry, Cupani 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.

Cupani Metals's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cupani Metals's Receivables Turnover distribution charts can be found below:

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

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Cupani Metals Receivables Turnover Calculation

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

Cupani 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 )
=	0.624	/ (	(0.086	+	0.066)	/	2 )
=	0.624	/	0.076
=	8.21

Cupani Metals'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: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	0.099	/ (	(0.027	+	0.043)	/	2 )
=	0.099	/	0.035
=	2.83

Cupani Metals (XCNQ:CUPA) 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.

Cupani Metals Receivables Turnover Related Terms

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Cupani Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cupani Metals Corp (XCNQ:CUPA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ICPLF:USA

Address

7934 Government Road, Burnaby, BC, CAN, V5A 2E2

Website

https://www.capitalight.co

Cupani Metals Corp Formerly IC Capitalight Corp is a Canada-based merchant bank engaged in the business of pursuing value-based investment opportunities. It is focused on providing shareholders with long-term capital growth by investing in a portfolio of undervalued companies, assets, or investment vehicles within the mineral resource and other sectors. It has three operating segments, consisting of the Research business; Mineral exploration properties; and Securities investments. It generates the majority of its revenue from the Research business segment.

Executives

Brian Gerald Bosse	Director, Senior Officer
Douglas Richard Macquarrie	10% Security Holder, Director
Elliot Benjamin Richard Beutel	Director

Cupani Metals Headlines

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