Argonaut Gold (Argonaut Gold) Receivables Turnover : 12.60 (As of Dec. 2023)

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What is Argonaut 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. Argonaut Gold's Revenue for the three months ended in Dec. 2023 was $115.6 Mil. Argonaut Gold's average Accounts Receivable for the three months ended in Dec. 2023 was $9.2 Mil. Hence, Argonaut Gold's Receivables Turnover for the three months ended in Dec. 2023 was 12.60.

Argonaut Gold Receivables Turnover Historical Data

The historical data trend for Argonaut 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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Argonaut Gold Receivables Turnover Chart

Argonaut Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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103.28

213.84

363.79

280.69

268.53

Argonaut Gold 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															91.31	6.37	4.11	5.74	12.60

Competitive Comparison of Argonaut Gold's Receivables Turnover

For the Gold subindustry, Argonaut 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.

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

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

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

Argonaut Gold Receivables Turnover Calculation

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

Argonaut Gold'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 )
=	372.457	/ (	(1.08	+	1.694)	/	2 )
=	372.457	/	1.387
=	268.53

Argonaut 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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	115.578	/ (	(16.657	+	1.694)	/	2 )
=	115.578	/	9.1755
=	12.60

Argonaut Gold (OTCPK:ARNGF) 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.

Argonaut Gold Receivables Turnover Related Terms

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Argonaut Gold (Argonaut Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Argonaut Gold Inc (OTCPK:ARNGF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

A8U:Germany A8U:Germany AR:Canada

Address

9600 Prototype Court, Reno, NV, USA, 89521

Website

https://www.argonautgold.com

Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development, and production. Its primary assets are the El Castillo mine and the San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the exploration stage Cerro del Gallo project, and several other exploration stage projects, all of which are located in North America.

Argonaut Gold (Argonaut Gold) Headlines

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