Citigold (ASX:CTO) Receivables Turnover : 0.11 (As of Dec. 2023)

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What is Citigold 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. Citigold's Revenue for the six months ended in Dec. 2023 was A$0.05 Mil. Citigold's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.41 Mil. Hence, Citigold's Receivables Turnover for the six months ended in Dec. 2023 was 0.11.

Citigold Receivables Turnover Historical Data

The historical data trend for Citigold'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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Citigold Receivables Turnover Chart

Citigold Annual Data

Trend

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Receivables Turnover

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Citigold 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															-	-	-	-	0.11

Competitive Comparison of Citigold's Receivables Turnover

For the Gold subindustry, Citigold'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.

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

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

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

Citigold Receivables Turnover Calculation

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

Citigold's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Citigold'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 )
=	0.046	/ (	(0	+	0.406)	/	1 )
=	0.046	/	0.406
=	0.11

Citigold (ASX:CTO) 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.

Citigold Receivables Turnover Related Terms

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Citigold (ASX:CTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Citigold Corp Ltd (ASX:CTO) » Definitions » Receivables Turnover

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Address

1024 Ann Street, Level 1, Fortitude Valley, Brisbane, QLD, AUS, 4006

Website

https://www.citigold.com

Citigold Corp Ltd is a gold mining, exploration, and development company. It is engaged in the mining and exploratory activities of the Charters Towers goldfield located in northeast Australia. The main asset of the company is the Charters Towers Gold Project comprising the gold deposit. The majority of the investment is in the development of goldfield.