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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. Antioquia Gold's Revenue for the
three
months ended in Sep. 2023 was $8.87 Mil. Antioquia Gold's average Accounts Receivable for the
three
months ended in Sep. 2023 was $2.11 Mil.
Hence, Antioquia Gold's Receivables Turnover for the
three
months ended in Sep. 2023 was 4.20.
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.
Antioquia Gold Receivables Turnover Related Terms
Antioquia Gold Receivables Turnover Historical Data
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The historical data trend for Antioquia Gold'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.
For the Gold subindustry, Antioquia Gold'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.
Antioquia Gold Receivables Turnover vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Antioquia Gold's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Antioquia Gold's Receivables Turnover falls into.
* 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.
Antioquia Gold (AGDXF) has a Receivables Turnover of 4.20 as of Sep. 2023. The accounts 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. View historical data on Antioquia Gold and its competitors.
Is Antioquia Gold's Receivables Turnover too high?
Antioquia Gold's current Receivables Turnover is 4.20. The Metals & Mining industry median Receivables Turnover is 9.36. Antioquia Gold's value of 4.20 is 55.1% below this industry median.
How does Antioquia Gold's Receivables Turnover compare to NEM?
Antioquia Gold's Receivables Turnover of 4.20 can be compared against companies in the Metals & Mining industry. The industry median Receivables Turnover is 9.36. Antioquia Gold's value of 4.20 is 55.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Metals & Mining company?
The median Receivables Turnover among Metals & Mining companies is 9.36, based on 782 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Antioquia Gold's current Receivables Turnover of 4.20 is 55.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Antioquia Gold and its competitors. For the Metals & Mining industry, the median Receivables Turnover is 9.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Antioquia Gold's current Receivables Turnover is 4.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Antioquia Gold stock overvalued right now?
Antioquia Gold (AGDXF) has a current Receivables Turnover of 4.20. The current Receivables Turnover is 4.20 and 55.1% below the Metals & Mining industry median of 9.36. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Antioquia Gold (AGDXF), the current Receivables Turnover is 4.20 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Antioquia Gold Inc is a Canada-based mineral exploration and development company. It is engaged in the acquisition, exploration, evaluation, and development of mineral resource properties in Colombia. The company's project includes the Cisneros project. The project covers approximately 5,630 hectares and is located in the central portion of the department of Antioquia, about 80 kilometers northeast of Medellin. The company has one operating and reporting segment in mining. Geographically, the company derives a majority of its revenue from Colombia and also has a presence in Barbados and Canada.
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