Starcore International Mines (Starcore International Mines) Receivables Turnover : 43.93 (As of Jan. 2023)

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What is Starcore International 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. Starcore International Mines's Revenue for the three months ended in Jan. 2023 was $4.59 Mil. Starcore International Mines's average Accounts Receivable for the three months ended in Jan. 2023 was $0.10 Mil. Hence, Starcore International Mines's Receivables Turnover for the three months ended in Jan. 2023 was 43.93.

Starcore International Mines Receivables Turnover Historical Data

The historical data trend for Starcore International 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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Starcore International Mines Receivables Turnover Chart

Starcore International Mines Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Receivables Turnover

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37.11

36.00

43.15

51.81

73.54

Starcore International Mines Quarterly Data
	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Receivables Turnover	Get a 7-Day Free Trial															17.24	29.46	11.85	9.51	43.93

Competitive Comparison of Starcore International Mines's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Starcore International 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.

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

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

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

Starcore International Mines Receivables Turnover Calculation

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

Starcore International Mines's Receivables Turnover for the fiscal year that ended in Apr. 2022 is calculated as

	Receivables Turnover (A: Apr. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2022 )	/ (	(Accounts Receivable (A: Apr. 2021 )	+	Accounts Receivable (A: Apr. 2022 ))	/	count )
=	20.335	/ (	(0.304	+	0.249)	/	2 )
=	20.335	/	0.2765
=	73.54

Starcore International Mines's Receivables Turnover for the quarter that ended in Jan. 2023 is calculated as

	Receivables Turnover (Q: Jan. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2023 )	/ (	(Accounts Receivable (Q: Oct. 2022 )	+	Accounts Receivable (Q: Jan. 2023 ))	/	count )
=	4.591	/ (	(0.107	+	0.102)	/	2 )
=	4.591	/	0.1045
=	43.93

Starcore International Mines (OTCPK:SHVLF) 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.

Starcore International Mines Receivables Turnover Related Terms

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Starcore International Mines (Starcore International Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Starcore International Mines Ltd (OTCPK:SHVLF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

V4JA:Germany SAM:Canada

Address

580 Hornby Street, Suite 750 Box 113, Vancouver, BC, CAN, V6C 3B6

Website

https://www.starcore.com

Starcore International Mines Ltd is in the business of exploration, development, and production of minerals. It has got products in various stages The San Martin being the primary source of operating cash flows. In Mexico, the business holds an interest in the silver and gold processing plant. Some of its projects include San Martin, El Creston, and Toiyabe among others. The majority of the organization's revenue comes from Bernal, Mexico.

Starcore International Mines (Starcore International Mines) Headlines

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