Veris Gold (Veris Gold) Receivables Turnover : 9.16 (As of Sep. 2014)

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What is Veris 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. Veris Gold's Revenue for the three months ended in Sep. 2014 was $57.3 Mil. Veris Gold's average Accounts Receivable for the three months ended in Sep. 2014 was $6.3 Mil. Hence, Veris Gold's Receivables Turnover for the three months ended in Sep. 2014 was 9.16.

Veris Gold Receivables Turnover Historical Data

The historical data trend for Veris 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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Veris Gold Receivables Turnover Chart

Veris Gold Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Receivables Turnover

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2.95

15.77

16.11

17.13

23.60

Veris Gold Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Receivables Turnover	Get a 7-Day Free Trial															8.22	5.99	6.86	11.95	9.16

Competitive Comparison of Veris Gold's Receivables Turnover

For the Gold subindustry, Veris 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.

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

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

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

Veris Gold Receivables Turnover Calculation

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

Veris Gold's Receivables Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Receivables Turnover (A: Dec. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2013 )	/ (	(Accounts Receivable (A: Dec. 2012 )	+	Accounts Receivable (A: Dec. 2013 ))	/	count )
=	195.979	/ (	(10.201	+	6.407)	/	2 )
=	195.979	/	8.304
=	23.60

Veris Gold's Receivables Turnover for the quarter that ended in Sep. 2014 is calculated as

	Receivables Turnover (Q: Sep. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2014 )	/ (	(Accounts Receivable (Q: Jun. 2014 )	+	Accounts Receivable (Q: Sep. 2014 ))	/	count )
=	57.252	/ (	(4.948	+	7.557)	/	2 )
=	57.252	/	6.2525
=	9.16

Veris Gold (OTCPK:YNGFF) 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.

Veris Gold Receivables Turnover Related Terms

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Veris Gold (Veris Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Veris Gold Corp (OTCPK:YNGFF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

688 West Hastings Street, Suite 900, Vancouver, BC, CAN, V6B 1P1

Website

http://www.verisgold.com

Veris Gold Corp is a Canadian based company engaged in the gold mining activities. It is engaged in the mining, exploration, and development of mineral properties located in Canada and the United States. The company primarily holds an interest in Jerritt Canyon gold mine located in Elko, Nevada; and the Ketza River property located in the Yukon Territory in Canada. Veris primarily explores for gold, silver, zinc, and copper properties.

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