SilverCrest Mines (SilverCrest Mines) Receivables Turnover : 257.53 (As of Jun. 2015)

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What is SilverCrest Mines 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. SilverCrest Mines's Revenue for the three months ended in Jun. 2015 was $20.73 Mil. SilverCrest Mines's average Accounts Receivable for the three months ended in Jun. 2015 was $0.08 Mil. Hence, SilverCrest Mines's Receivables Turnover for the three months ended in Jun. 2015 was 257.53.

SilverCrest Mines Receivables Turnover Historical Data

The historical data trend for SilverCrest Mines'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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SilverCrest Mines Receivables Turnover Chart

SilverCrest Mines Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Receivables Turnover

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124.61

135.88

177.65

35.85

SilverCrest Mines Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Receivables Turnover	Get a 7-Day Free Trial															24.39	29.15	11.90	15.85	257.53

Competitive Comparison of SilverCrest Mines's Receivables Turnover

For the Gold subindustry, SilverCrest Mines'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.

SilverCrest Mines's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

SilverCrest Mines Receivables Turnover Calculation

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

SilverCrest Mines's Receivables Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Receivables Turnover (A: Dec. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2014 )	/ (	(Accounts Receivable (A: Dec. 2013 )	+	Accounts Receivable (A: Dec. 2014 ))	/	count )
=	45.133	/ (	(0.121	+	2.397)	/	2 )
=	45.133	/	1.259
=	35.85

SilverCrest Mines's Receivables Turnover for the quarter that ended in Jun. 2015 is calculated as

	Receivables Turnover (Q: Jun. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2015 )	/ (	(Accounts Receivable (Q: Mar. 2015 )	+	Accounts Receivable (Q: Jun. 2015 ))	/	count )
=	20.731	/ (	(0.065	+	0.096)	/	2 )
=	20.731	/	0.0805
=	257.53

SilverCrest Mines (AMEX:SVLC) 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.

SilverCrest Mines Receivables Turnover Related Terms

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SilverCrest Mines (SilverCrest Mines) Business Description

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Website

http://www.silvercrestmines.com

SilverCrest Mines Inc was incorporated on May 22, 1973 under the laws of Ontario as Equitable Mines Limited and changed its name to Magic Foods Inc. on July 24, 1985. The Company was continued on May 15, 1998 under the laws of British Columbia as "Lucre Ventures Ltd. The name of the Company was changed to "Strathclair Ventures Ltd." on September 5, 2001 and to "SilverCrest Mines Inc." on May 23, 2003. The Company is a Canadian precious metals producer with a silver and gold asset base and an operating mine located in Mexico. The Company's principal property is the 100% owned Santa Elena Project, which includes the Santa Elena Mine, located 150 kilometres northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The Santa Elena Mine is a high-grade, epithermal silver and gold deposit that is currently being operated as an open pit heap leach operation. The Company's other principal property is the La Joya Property in Durango state, Mexico which contains a large polymetallic deposit that is being explored with the aim of developing silver, copper, gold and tungsten resources. The Company also has a portfolio of other mineral properties, which comprise of the Cruz de Mayo Project (Mexico), the Ermitano Property (Mexico), the Silver Angel Project (Mexico) and the El Zapote Project (El Salvador).

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