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African Minerals (African Minerals) Receivables Turnover : 3.16 (As of Jun. 2014)


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What is African Minerals 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. African Minerals's Revenue for the six months ended in Jun. 2014 was $399.2 Mil. African Minerals's average Accounts Receivable for the six months ended in Jun. 2014 was $126.3 Mil. Hence, African Minerals's Receivables Turnover for the six months ended in Jun. 2014 was 3.16.


African Minerals Receivables Turnover Historical Data

The historical data trend for African Minerals'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.

African Minerals Receivables Turnover Chart

African Minerals Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 9.39

African Minerals Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
Receivables Turnover Get a 7-Day Free Trial Premium Member Only - - 6.88 3.68 3.16

Competitive Comparison of African Minerals's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, African Minerals'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.


African Minerals's Receivables Turnover Distribution in the Metals & Mining Industry

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

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



African Minerals Receivables Turnover Calculation

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

African Minerals's Receivables Turnover for the fiscal year that ended in Dec. 2013 is calculated as

Receivables Turnover (A: Dec. 2013 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2013 ) / ((Accounts Receivable (A: Dec. 2012 ) + Accounts Receivable (A: Dec. 2013 )) / count )
=869.1 / ((58.8 + 126.3) / 2 )
=869.1 / 92.55
=9.39

African Minerals's Receivables Turnover for the quarter that ended in Jun. 2014 is calculated as

Receivables Turnover (Q: Jun. 2014 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2014 ) / ((Accounts Receivable (Q: Dec. 2013 ) + Accounts Receivable (Q: Jun. 2014 )) / count )
=399.2 / ((126.3 + 0) / 1 )
=399.2 / 126.3
=3.16

* 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.


African Minerals  (GREY:AMLZF) 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.


African Minerals Receivables Turnover Related Terms

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African Minerals (African Minerals) Business Description

Traded in Other Exchanges
N/A
Address
Stratton House, 5 Stratton Street, London, GBR, W1J 8LA
African Minerals Ltd is a mineral exploration and development company. It is engaged in the development, design, construction, and operation of iron ore deposit at Tonkolili, Sierra Leone, and its related rail and port infrastructure. In addition, it is also involved in the marketing and sale of the iron ore produced from this project.

African Minerals (African Minerals) Headlines

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