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PTX Metals (XCNQ:PTX) Receivables Turnover : 0.00 (As of Dec. 2023)


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What is PTX 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. PTX Metals's Revenue for the three months ended in Dec. 2023 was C$0.00 Mil. PTX Metals's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.10 Mil.


PTX Metals Receivables Turnover Historical Data

The historical data trend for PTX 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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PTX Metals Receivables Turnover Chart

PTX Metals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
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PTX Metals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of PTX Metals's Receivables Turnover

For the Gold subindustry, PTX 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.


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

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

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



PTX Metals Receivables Turnover Calculation

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

PTX 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 / ((0.072 + 0.124) / 2 )
=0 / 0.098
=N/A

PTX 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 / ((0.071 + 0.124) / 2 )
=0 / 0.0975
=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.


PTX Metals  (XCNQ:PTX) 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.


PTX Metals Receivables Turnover Related Terms

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PTX Metals (XCNQ:PTX) Business Description

Traded in Other Exchanges
Address
807 - 20 William Roe Boulevard, Newmarket, ON, CAN, L3Y 5V6
Platinex Inc is a Canadian based mining exploration company. It is engaged in the acquisition, exploration, and development of mineral properties for the mining of precious and base metals in Canada. Its projects include Shining Tree Gold, W2 Project and Muskrat.
Executives
Greg Ferron Director

PTX Metals (XCNQ:PTX) Headlines

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