Stornoway Diamond (TSX:SWY) Receivables Turnover : 31.61 (As of Jun. 2019)

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What is Stornoway Diamond 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. Stornoway Diamond's Revenue for the three months ended in Jun. 2019 was C$189.4 Mil. Stornoway Diamond's average Accounts Receivable for the three months ended in Jun. 2019 was C$6.0 Mil. Hence, Stornoway Diamond's Receivables Turnover for the three months ended in Jun. 2019 was 31.61.

Stornoway Diamond Receivables Turnover Historical Data

The historical data trend for Stornoway Diamond'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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Stornoway Diamond Receivables Turnover Chart

Stornoway Diamond Annual Data

Trend

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Dec16

Dec17

Dec18

Receivables Turnover

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1,152.50

422.70

Stornoway Diamond Quarterly Data
	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Receivables Turnover	Get a 7-Day Free Trial															8.64	6.03	10.34	15.21	31.61

Competitive Comparison of Stornoway Diamond's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Stornoway Diamond'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.

Stornoway Diamond's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

Stornoway Diamond Receivables Turnover Calculation

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

Stornoway Diamond's Receivables Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Receivables Turnover (A: Dec. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2018 )	/ (	(Accounts Receivable (A: Dec. 2017 )	+	Accounts Receivable (A: Dec. 2018 ))	/	count )
=	165.487	/ (	(0.166	+	0.617)	/	2 )
=	165.487	/	0.3915
=	422.70

Stornoway Diamond's Receivables Turnover for the quarter that ended in Jun. 2019 is calculated as

	Receivables Turnover (Q: Jun. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2019 )	/ (	(Accounts Receivable (Q: Mar. 2019 )	+	Accounts Receivable (Q: Jun. 2019 ))	/	count )
=	189.431	/ (	(6.395	+	5.592)	/	2 )
=	189.431	/	5.9935
=	31.61

Stornoway Diamond (TSX:SWY) 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.

Stornoway Diamond Receivables Turnover Related Terms

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Stornoway Diamond (TSX:SWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stornoway Diamond Corp (TSX:SWY) » Definitions » Receivables Turnover

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Address

1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4

Website

http://www.stornowaydiamonds.com

Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.

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