Tungsten West (LSE:TUN) Receivables Turnover : 0.28 (As of Sep. 2023)

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What is Tungsten West 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. Tungsten West's Revenue for the six months ended in Sep. 2023 was £0.72 Mil. Tungsten West's average Accounts Receivable for the six months ended in Sep. 2023 was £2.54 Mil. Hence, Tungsten West's Receivables Turnover for the six months ended in Sep. 2023 was 0.28.

Tungsten West Receivables Turnover Historical Data

The historical data trend for Tungsten West'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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Tungsten West Receivables Turnover Chart

Tungsten West Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

1.14

7.17

2.78

Tungsten West Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			0.30	0.64	0.08	0.16	0.28

Competitive Comparison of Tungsten West's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Tungsten West'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.

Tungsten West's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

Tungsten West Receivables Turnover Calculation

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

Tungsten West's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	0.626	/ (	(0.153	+	0.298)	/	2 )
=	0.626	/	0.2255
=	2.78

Tungsten West's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.722	/ (	(0.298	+	4.788)	/	2 )
=	0.722	/	2.543
=	0.28

Tungsten West (LSE:TUN) 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.

Tungsten West Receivables Turnover Related Terms

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Tungsten West (LSE:TUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tungsten West PLC (LSE:TUN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

540:Germany

Address

Hemerdon Mine, Drakelands, Plympton, Plymouth, Devon, GBR, PL7 5BS

Website

https://www.tungstenwest.com

Tungsten West PLC owns and operates historical Hemerdon tungsten and tin mine located near Plymouth in southern Devon, England. It has a compliant Mineral Resource of approximately 325Mt at 0.12 per cent. WO3. The company's main country of operation is the United Kingdom.

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