Gold Mountain Mining (Gold Mountain Mining) Receivables Turnover : 2.42 (As of Jan. 2024)

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What is Gold Mountain Mining 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. Gold Mountain Mining's Revenue for the three months ended in Jan. 2024 was $0.32 Mil. Gold Mountain Mining's average Accounts Receivable for the three months ended in Jan. 2024 was $0.13 Mil. Hence, Gold Mountain Mining's Receivables Turnover for the three months ended in Jan. 2024 was 2.42.

Gold Mountain Mining Receivables Turnover Historical Data

The historical data trend for Gold Mountain Mining'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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Gold Mountain Mining Receivables Turnover Chart

Gold Mountain Mining Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Receivables Turnover

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4.41

6.73

Gold Mountain Mining Quarterly Data
	Jan19	Jan20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial										2.35	2.18	2.20	3.55	2.42

Competitive Comparison of Gold Mountain Mining's Receivables Turnover

For the Gold subindustry, Gold Mountain Mining'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.

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

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

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

Gold Mountain Mining Receivables Turnover Calculation

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

Gold Mountain Mining's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Receivables Turnover (A: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2024 )	/ (	(Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )
=	6.389	/ (	(1.841	+	0.057)	/	2 )
=	6.389	/	0.949
=	6.73

Gold Mountain Mining's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	0.316	/ (	(0.204	+	0.057)	/	2 )
=	0.316	/	0.1305
=	2.42

Gold Mountain Mining (OTCPK:GMTNF) 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.

Gold Mountain Mining Receivables Turnover Related Terms

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Gold Mountain Mining (Gold Mountain Mining) Business Description

Industry

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

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5XFA:Germany GMTN:Canada

Address

1285 West Pender Street, Suite 1000, Vancouver, BC, CAN, V6E 4B1

Website

https://www.gold-mountain.ca

Gold Mountain Mining Corp is a gold and silver exploration and development company. It focuses on the expansion of the resource at the Elk Gold Project, a past-producing mine located 57 km from Merritt in South Central British Columbia. It operates in a single segment, being the production of crushed ore and mineral exploration and development of resources.