AKORA Resources (ASX:AKO) Receivables Turnover : 0.00 (As of Jun. 2023)

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What is AKORA 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. AKORA Resources's Revenue for the six months ended in Jun. 2023 was A$0.00 Mil. AKORA Resources's average Accounts Receivable for the six months ended in Jun. 2023 was A$0.03 Mil.

AKORA Resources Receivables Turnover Historical Data

The historical data trend for AKORA 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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AKORA Resources Receivables Turnover Chart

AKORA Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

AKORA Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of AKORA Resources's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, AKORA 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.

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

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

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

AKORA Resources Receivables Turnover Calculation

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

AKORA Resources'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

AKORA Resources's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0	/ (	(0	+	0.027)	/	1 )
=	0	/	0.027
=	N/A

AKORA Resources (ASX:AKO) 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.

AKORA Resources Receivables Turnover Related Terms

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AKORA Resources (ASX:AKO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

211 McIlwraith Street, Princes Hill, North Carlton, Melbourne, VIC, AUS, 3054

Website

https://www.akoravy.com

AKORA Resources Ltd is a mining company. The company is engaged in the exploration and development for ferrous metals. The company's projects involved the Bekisopa Project, the Tratramarina Project, and the Ambodilafa Project. It operates in two geographical segments namely Australia and Madagascar.

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