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Armada Mercantile (XCNQ:ARM) Receivables Turnover : 0.00 (As of Nov. 2023)


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What is Armada Mercantile 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. Armada Mercantile's Revenue for the three months ended in Nov. 2023 was C$0.00 Mil. Armada Mercantile's average Accounts Receivable for the three months ended in Nov. 2023 was C$0.01 Mil.

Armada Mercantile Receivables Turnover Historical Data

The historical data trend for Armada Mercantile'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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Armada Mercantile Receivables Turnover Chart

Armada Mercantile Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.50 0.50 8.50

Armada Mercantile Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 - 8.50 - - -

Competitive Comparison of Armada Mercantile's Receivables Turnover

For the Capital Markets subindustry, Armada Mercantile'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.

Armada Mercantile's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Armada Mercantile's Receivables Turnover distribution charts can be found below:

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


Armada Mercantile Receivables Turnover Calculation

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

Armada Mercantile's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

Receivables Turnover (A: Feb. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Feb. 2023 ) / ((Accounts Receivable (A: Feb. 2022 ) + Accounts Receivable (A: Feb. 2023 )) / count )
=0.051 / ((0.006 + 0.006) / 2 )
=0.051 / 0.006
=8.50

Armada Mercantile's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

Receivables Turnover (Q: Nov. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Nov. 2023 ) / ((Accounts Receivable (Q: Aug. 2023 ) + Accounts Receivable (Q: Nov. 2023 )) / count )
=0 / ((0.006 + 0.006) / 2 )
=0 / 0.006
=N/A

* 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.

Armada Mercantile  (XCNQ:ARM) 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.

Armada Mercantile Receivables Turnover Related Terms

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Armada Mercantile (XCNQ:ARM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Armada Mercantile Ltd (XCNQ:ARM) » Definitions » Receivables Turnover
Comparable Companies
XCNQ:SPIR XCNQ:GBC NEOE:HOLD XCNQ:BTC TSXV:MNC XCNQ:SIX TSXV:MATE TSXV:BTCW TSXV:BITK TSXV:BKMT MS GS SCHW ASX:MQG SHSE:600030 BSP:BPAC3 RJF SHSE:601066 TW HKSE:03908
Traded in Other Exchanges
AAMTF:USA
Address
1616 West 3rd Avenue, Suite 100, Vancouver, BC, CAN, V6J 1K2
Website
https://www.armadamercantile.com
Armada Mercantile Ltd is engaged in the business of investing in new and existing businesses and organizations. The company is a financial services company that focuses on merchant banking through its wholly-owned subsidiary Armada Group USA, Inc. The company, through its investment in Oxygen Funding, Inc. which offers commercial finance services to companies; internationally, including account receivables "factoring", supply chain, equipment leasing, merchant cash advance and purchase order and other types of specialized finance.