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Selectnds (TSXV:SNS) Receivables Turnover : 2.92 (As of Sep. 2023)


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What is Selectnds 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. Selectnds's Revenue for the three months ended in Sep. 2023 was C$2.82 Mil. Selectnds's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.96 Mil. Hence, Selectnds's Receivables Turnover for the three months ended in Sep. 2023 was 2.92.


Selectnds Receivables Turnover Historical Data

The historical data trend for Selectnds'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.

Selectnds Receivables Turnover Chart

Selectnds Annual Data
Trend Jul13 Jul14 Jul15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.39 201.51 12.30 14.79 21.35

Selectnds Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 3.69 4.34 4.82 4.09 2.92

Competitive Comparison of Selectnds's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Selectnds'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.


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

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

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



Selectnds Receivables Turnover Calculation

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

Selectnds's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=30.292 / ((1.426 + 1.411) / 2 )
=30.292 / 1.4185
=21.35

Selectnds's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=2.821 / ((0.565 + 1.364) / 2 )
=2.821 / 0.9645
=2.92

* 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.


Selectnds  (TSXV:SNS) 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.


Selectnds Receivables Turnover Related Terms

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Selectnds (TSXV:SNS) Business Description

Traded in Other Exchanges
Address
RPO Parkgate Vlg, P.O. Box 30072, North Vancouver, BC, CAN, V7H 2Y8
Select Sands Corp engaged in an advanced stage silica sand quarry and production facilities located in Arkansas, USA. The company is focused on developing this business to enable profitable commercial silica sand sales to industrial and energy customers. The company's business activities are spread across the United States and Canada.
Executives
Steven Harold Goldman Director

Selectnds (TSXV:SNS) Headlines

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