Wedgemount Resources (XCNQ:WDGY) Receivables Turnover : 2.27 (As of Jan. 2025)

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What is Wedgemount 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. Wedgemount Resources's Revenue for the three months ended in Jan. 2025 was C$0.38 Mil. Wedgemount Resources's average Accounts Receivable for the three months ended in Jan. 2025 was C$0.17 Mil. Hence, Wedgemount Resources's Receivables Turnover for the three months ended in Jan. 2025 was 2.27.

Wedgemount Resources Receivables Turnover Historical Data

The historical data trend for Wedgemount 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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Wedgemount Resources Receivables Turnover Chart

Wedgemount Resources Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

Receivables Turnover

1.35

6.35

Wedgemount Resources Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Receivables Turnover	Get a 7-Day Free Trial												1.54	4.39	3.20	2.45	2.27

Competitive Comparison of Wedgemount Resources's Receivables Turnover

For the Oil & Gas E&P subindustry, Wedgemount 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.

Wedgemount Resources's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Wedgemount Resources's Receivables Turnover distribution charts can be found below:

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

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Wedgemount Resources Receivables Turnover Calculation

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

Wedgemount Resources's Receivables Turnover for the fiscal year that ended in Jul. 2024 is calculated as

	Receivables Turnover (A: Jul. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2024 )	/ (	(Accounts Receivable (A: Jul. 2023 )	+	Accounts Receivable (A: Jul. 2024 ))	/	count )
=	1.082	/ (	(0.217	+	0.124)	/	2 )
=	1.082	/	0.1705
=	6.35

Wedgemount Resources's Receivables Turnover for the quarter that ended in Jan. 2025 is calculated as

	Receivables Turnover (Q: Jan. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2025 )	/ (	(Accounts Receivable (Q: Oct. 2024 )	+	Accounts Receivable (Q: Jan. 2025 ))	/	count )
=	0.384	/ (	(0.237	+	0.102)	/	2 )
=	0.384	/	0.1695
=	2.27

Wedgemount Resources (XCNQ:WDGY) 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.

Wedgemount Resources Receivables Turnover Related Terms

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Wedgemount Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wedgemount Resources Corp (XCNQ:WDGY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

WDGRF:USA

Address

2303 Lawson Avenue, West Vancouver, Vancouver, BC, CAN, V7V 2E5

Website

https://www.wedgemountresources.com

Wedgemount Resources Corp is a Vancouver based company engaged in the exploration for and the development and operation of petroleum and natural gas in the U.S.A. The company's project includes Willowbend, TCS and Millican Projects. The company is focused on consolidating oil and gas assets through the acquisition, development, and operation of distressed oil properties.

Executives

Steven Edward Vanry	Senior Officer
Mark Andrew Vanry	10% Security Holder, Director, Senior Officer
Richard Sean Barth	Director

Wedgemount Resources Headlines

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