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Calibre Mining (TSX:CXB) Receivables Turnover : 72.69 (As of Mar. 2024)


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What is Calibre 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. Calibre Mining's Revenue for the three months ended in Mar. 2024 was C$178.5 Mil. Calibre Mining's average Accounts Receivable for the three months ended in Mar. 2024 was C$2.5 Mil. Hence, Calibre Mining's Receivables Turnover for the three months ended in Mar. 2024 was 72.69.


Calibre Mining Receivables Turnover Historical Data

The historical data trend for Calibre 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.

* Premium members only.

Calibre Mining Receivables Turnover Chart

Calibre Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 205.59 564.82 835.84 563.84 457.55

Calibre Mining Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 127.69 96.05 89.80 106.43 72.69

Competitive Comparison of Calibre Mining's Receivables Turnover

For the Gold subindustry, Calibre 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.


Calibre Mining's Receivables Turnover Distribution in the Metals & Mining Industry

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

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



Calibre Mining Receivables Turnover Calculation

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

Calibre Mining'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 )
=753.579 / ((1.337 + 1.957) / 2 )
=753.579 / 1.647
=457.55

Calibre Mining'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 )
=178.524 / ((1.957 + 2.955) / 2 )
=178.524 / 2.456
=72.69

* 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.


Calibre Mining  (TSX:CXB) 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.


Calibre Mining Receivables Turnover Related Terms

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Calibre Mining (TSX:CXB) Business Description

Traded in Other Exchanges
Address
200 Burrard Street, Suite 1560, Vancouver, BC, CAN, V6C 3L6
Calibre Mining Corp is a multi-asset gold producer with a portfolio of exploration and development opportunities in Nicaragua. Its project includes Pavon Gold Project, Borosi Gold Project, IamGold and Santa Rita. The company has only one revenue stream, being the sale of refined gold from its operations in Nicaragua.
Executives
David Hendriks Senior Officer

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