Aeris Resources (ASX:AIS) Receivables Turnover : 29.37 (As of Dec. 2024)

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What is Aeris Resources 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. Aeris Resources's Revenue for the six months ended in Dec. 2024 was A$292.6 Mil. Aeris Resources's average Accounts Receivable for the six months ended in Dec. 2024 was A$10.0 Mil. Hence, Aeris Resources's Receivables Turnover for the six months ended in Dec. 2024 was 29.37.

Aeris Resources Receivables Turnover Historical Data

The historical data trend for Aeris Resources'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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Aeris Resources Receivables Turnover Chart

Aeris Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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22.64

34.40

58.61

73.59

73.24

Aeris Resources Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															23.38	17.19	14.21	17.13	29.37

Competitive Comparison of Aeris Resources's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Aeris Resources'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.

Aeris Resources's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Aeris Resources's Receivables Turnover falls into.

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Aeris Resources Receivables Turnover Calculation

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

Aeris Resources's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	540.02	/ (	(12.663	+	2.084)	/	2 )
=	540.02	/	7.3735
=	73.24

Aeris Resources's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	292.578	/ (	(2.084	+	17.841)	/	2 )
=	292.578	/	9.9625
=	29.37

Aeris Resources (ASX:AIS) 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.

Aeris Resources Receivables Turnover Related Terms

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Aeris Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aeris Resources Ltd (ASX:AIS) » Definitions » Receivables Turnover

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ARSRF:USA

Address

120 Edward Street, Level 6, Brisbane, QLD, AUS, 4000

Website

https://www.aerisresources.com.au

Aeris Resources Ltd is a mineral exploration and production company. It engages in the exploration, production, and sale of copper, gold, zinc, and silver. The company's reportable segments are; Tritton Copper Operations (Tritton) in New South Wales; Cracow Gold Operations (Cracow) in Queensland; North Queensland Copper Operations (North Queensland), Jaguar Zinc and Copper Operations (Jaguar) in Western Australia; Stockman Copper and Zinc Project (Stockman) in Victoria; and Others, representing corporate activities. Maximum revenue is generated from the Tritton Copper Operation segment.