Lord Resources (ASX:LRD) Receivables Turnover : 0.21 (As of Dec. 2023)

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What is Lord Resources 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. Lord Resources's Revenue for the six months ended in Dec. 2023 was A$0.01 Mil. Lord Resources's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.07 Mil. Hence, Lord Resources's Receivables Turnover for the six months ended in Dec. 2023 was 0.21.

Lord Resources Receivables Turnover Historical Data

The historical data trend for Lord Resources'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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Lord Resources Receivables Turnover Chart

Lord Resources Annual Data

Trend

Jun22

Jun23

Receivables Turnover

Lord Resources Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	2.41	-	0.21

Competitive Comparison of Lord Resources's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Lord Resources'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.

Lord Resources's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

Lord Resources Receivables Turnover Calculation

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

Lord Resources'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

Lord Resources'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 )
=	0.014	/ (	(0	+	0.067)	/	1 )
=	0.014	/	0.067
=	0.21

Lord Resources (ASX:LRD) 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.

Lord Resources Receivables Turnover Related Terms

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Lord Resources (ASX:LRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lord Resources Ltd (ASX:LRD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, WA, AUS, 6021

Website

https://www.lordresources.com

Lord Resources Ltd is an exploration company. The primary objective of the company is to focus on mineral exploration of resource opportunities that have the potential to deliver growth to the company for the benefit of shareholders.

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