Sorrento Resources (XCNQ:SRS) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is Sorrento Resources 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. Sorrento Resources's Revenue for the three months ended in Dec. 2023 was C$0.00 Mil. Sorrento Resources's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.03 Mil.

Sorrento Resources Receivables Turnover Historical Data

The historical data trend for Sorrento Resources'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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Sorrento Resources Receivables Turnover Chart

Sorrento Resources Annual Data

Trend

Jun22

Jun23

Receivables Turnover

Sorrento Resources Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Sorrento Resources's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Sorrento Resources'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.

Sorrento Resources's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sorrento Resources's Receivables Turnover falls into.

Sorrento Resources Receivables Turnover Calculation

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

Sorrento Resources's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	0	/ (	(0.009	+	0.024)	/	2 )
=	0	/	0.0165
=	N/A

Sorrento Resources'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	/ (	(0.019	+	0.037)	/	2 )
=	0	/	0.028
=	N/A

Sorrento Resources (XCNQ:SRS) 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.

Sorrento Resources Receivables Turnover Related Terms

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Sorrento Resources (XCNQ:SRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sorrento Resources Ltd (XCNQ:SRS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SRSLF:USA

Address

9285 - 203B Street, Langley, BC, CAN, V1M 2L9

Website

https://www.sorrentoresources.ca

Sorrento Resources Ltd engages in the exploration, development, and exploitation of mineral resources in Canada. Its projects include Wing Pond project, Harmsworth project, PEG lithium project, Silver Mountain project and others.

Executives

Blair Lawrence Naughty

10% Security Holder