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Ivanhoe Electric Inc (NYSEAMER: IE) |
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Ivanhoe Electric Inc Accounts Receivables Turnover Ratio from the third quarter 2024 to the third quarter 2023
Quarterly Results, Trends, Rankings, Statistics
Ivanhoe Electric Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2024 to a ratio of 0.77, above the company average. This is a clear sign of healthy business climate in the Metal Mining industry and improving liquidity at their respective customers, during the third quarter 2024. Average receivable collection period, for the Ivanhoe Electric Inc in Sep 30 2024 quarter, has decreased to 474 days, compared to 553 days, in the Jun 30 2024 quarter.
If we take a look into Basic Materials sector 219 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2024 from 3025 to 3774.
What is Receivable Turnover Ratio?
What is Ivanhoe Electric Inc Selling?
What is Receivable Turnover Ratio?
Select the Comparisons :
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Select the Ratio:
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Accounts Receivables Turnover▼
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Accounts Receivables Turnover▼
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IE Receivables Turnover Ratio |
(Sep 30 2024) III. Quarter |
(Jun 30 2024) II. Quarter |
(Mar 31 2024) I. Quarter |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
Y / Y Receivable Change |
15.2 % |
22.91 % |
95.7 % |
122.18 % |
60.53 % |
Y / Y Revenue Change |
180.75 % |
-49.15 % |
-46.98 % |
-86.61 % |
-79.76 % |
Receivable Turnover Ratio (TTM) |
0.77 |
0.66 |
0.85 |
1.16 |
4.37 |
IE's Total
Ranking |
# 3774 |
# 3025 |
# 2490 |
# 2629 |
# 3172 |
Accounts Receivable average collection period days |
474 |
556 |
428 |
315 |
84 |
Seq. Receivable Change |
5.96 % |
-39.38 % |
29.86 % |
38.12 % |
13.05 % |
Seq. Revenue Change |
24.72 % |
49.44 % |
-61.74 % |
293.72 % |
-77.41 % |
Receivable Turnover Ratio Statistics |
High |
Average |
Low |
0.04 |
0.02 |
0 |
(Jun 30 2023) |
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(Jun 30 2024) |
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Date modified: 2024-11-10T08:51:58+00:00
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