Austral Gold (ASX:AGD) Receivables Turnover : 10.05 (As of Dec. 2023)

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What is Austral Gold 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. Austral Gold's Revenue for the six months ended in Dec. 2023 was A$29.04 Mil. Austral Gold's average Accounts Receivable for the six months ended in Dec. 2023 was A$2.89 Mil. Hence, Austral Gold's Receivables Turnover for the six months ended in Dec. 2023 was 10.05.

Austral Gold Receivables Turnover Historical Data

The historical data trend for Austral Gold'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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Austral Gold Receivables Turnover Chart

Austral Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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26.99

27.46

57.08

111.88

64.97

Austral Gold Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															22.26	26.74	18.48	14.10	10.05

Competitive Comparison of Austral Gold's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Austral Gold'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.

Austral Gold's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

Austral Gold Receivables Turnover Calculation

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

Austral Gold'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 )
=	71.307	/ (	(1.197	+	0.998)	/	2 )
=	71.307	/	1.0975
=	64.97

Austral Gold's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	29.042	/ (	(4.78	+	0.998)	/	2 )
=	29.042	/	2.889
=	10.05

Austral Gold (ASX:AGD) 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.

Austral Gold Receivables Turnover Related Terms

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Austral Gold (ASX:AGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Austral Gold Ltd (ASX:AGD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AGLDF:USA AGLD:Canada

Address

126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.australgold.com

Austral Gold Ltd is a precious metals mining and exploration company. It is engaged in the exploration and evaluation of mineral properties, gold, and silver production. The company's flagship Guanaco project is a gold and silver producing mine located in Chile, South America. Rawhide, Pinguino, and Casposo are some of the other projects of the company. All of its revenue comes from Chile.