Altius Minerals (Altius Minerals) Receivables Turnover : 1.78 (As of Dec. 2023)

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What is Altius Minerals 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. Altius Minerals's Revenue for the three months ended in Dec. 2023 was $10.27 Mil. Altius Minerals's average Accounts Receivable for the three months ended in Dec. 2023 was $5.76 Mil. Hence, Altius Minerals's Receivables Turnover for the three months ended in Dec. 2023 was 1.78.

Altius Minerals Receivables Turnover Historical Data

The historical data trend for Altius Minerals'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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Altius Minerals Receivables Turnover Chart

Altius Minerals Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.85

5.81

6.64

8.39

7.75

Altius Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.68	1.75	1.54	1.78	1.78

Competitive Comparison of Altius Minerals's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Altius Minerals'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.

Altius Minerals's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

Altius Minerals Receivables Turnover Calculation

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

Altius Minerals's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	51.216	/ (	(8.051	+	5.169)	/	2 )
=	51.216	/	6.61
=	7.75

Altius Minerals'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	10.267	/ (	(6.359	+	5.169)	/	2 )
=	10.267	/	5.764
=	1.78

Altius Minerals (OTCPK:ATUSF) 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.

Altius Minerals Receivables Turnover Related Terms

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Altius Minerals (Altius Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altius Minerals Corp (OTCPK:ATUSF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VTM:Germany ALS:Canada

Address

38 Duffy Place, 2nd Floor, St. John's, NL, CAN, A1B 4M5

Website

https://www.altiusminerals.com

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties. It is engaged in the operating segments of Mineral Royalties, Renewable Royalties and Project Generation.