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Tectonic Gold (AQSE:TTAU) Receivables Turnover : 9.33 (As of Dec. 2023)


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What is Tectonic Gold 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. Tectonic Gold's Revenue for the six months ended in Dec. 2023 was £0.08 Mil. Tectonic Gold's average Accounts Receivable for the six months ended in Dec. 2023 was £0.01 Mil. Hence, Tectonic Gold's Receivables Turnover for the six months ended in Dec. 2023 was 9.33.


Tectonic Gold Receivables Turnover Historical Data

The historical data trend for Tectonic 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.

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Tectonic Gold Receivables Turnover Chart

Tectonic Gold Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
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Tectonic Gold Semi-Annual Data
Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 9.33

Competitive Comparison of Tectonic Gold's Receivables Turnover

For the Gold subindustry, Tectonic 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.


Tectonic Gold's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Tectonic Gold's Receivables Turnover falls into.



Tectonic Gold Receivables Turnover Calculation

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

Tectonic Gold's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

Tectonic Gold'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: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=0.084 / ((0 + 0.009) / 1 )
=0.084 / 0.009
=9.33

* 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.


Tectonic Gold  (AQSE:TTAU) 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.


Tectonic Gold Receivables Turnover Related Terms

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Tectonic Gold Business Description

Traded in Other Exchanges
Address
167-169 Great Portland Street, Fifth Floor, London, GBR, W1W 5PF
Tectonic Gold PLC is a specialist gold exploration company, focused on the identification and delineation of Intrusion Related Gold System assets. The company's geographical segment includes Australia. Its flagship project is Specimen Hill/Mt Rainbow in Queensland.

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