Quimbaya Gold (XCNQ:QIM) Receivables Turnover : 0.00 (As of Mar. 2024)

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What is Quimbaya Gold 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. Quimbaya Gold's Revenue for the three months ended in Mar. 2024 was C$0.00 Mil. Quimbaya Gold's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.03 Mil.

Quimbaya Gold Receivables Turnover Historical Data

The historical data trend for Quimbaya Gold'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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Quimbaya Gold Receivables Turnover Chart

Quimbaya Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Quimbaya Gold Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of Quimbaya Gold's Receivables Turnover

For the Gold subindustry, Quimbaya Gold'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.

Quimbaya Gold's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Quimbaya Gold's Receivables Turnover falls into.

Quimbaya Gold Receivables Turnover Calculation

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

Quimbaya Gold'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	/ (	(0.015	+	0.055)	/	2 )
=	0	/	0.035
=	N/A

Quimbaya Gold's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0	/ (	(0.055	+	0.012)	/	2 )
=	0	/	0.0335
=	N/A

Quimbaya Gold (XCNQ:QIM) 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.

Quimbaya Gold Receivables Turnover Related Terms

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Quimbaya Gold (XCNQ:QIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quimbaya Gold Inc (XCNQ:QIM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 King Street W., Suite 6000, Toronto, ON, CAN, M5X 1E2

Website

https://www.quimbayagold.com

Quimbaya Gold Inc is engaged in the acquisition, exploration, and development of mineral properties in Colombia. The company holds interests in the Berrio project situated within the Segovia gold belt.

Executives

Jean-luc Peyrot

Director

Quimbaya Gold (XCNQ:QIM) Headlines

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