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Fenix Resources (ASX:FEX) Receivables Turnover : 5.62 (As of Dec. 2024)


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What is Fenix 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. Fenix Resources's Revenue for the six months ended in Dec. 2024 was A$131.0 Mil. Fenix Resources's average Accounts Receivable for the six months ended in Dec. 2024 was A$23.3 Mil. Hence, Fenix Resources's Receivables Turnover for the six months ended in Dec. 2024 was 5.62.

Fenix Resources Receivables Turnover Historical Data

The historical data trend for Fenix 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.

* Premium members only.

Fenix Resources Receivables Turnover Chart

Fenix Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2,158.08 206.09 33.94 18.94

Fenix 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 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 9.64 9.11 7.19 5.99 5.62

Competitive Comparison of Fenix Resources's Receivables Turnover

For the Steel subindustry, Fenix 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.

Fenix Resources's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Fenix Resources's Receivables Turnover distribution charts can be found below:

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


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Fenix Resources Receivables Turnover Calculation

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

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

Receivables Turnover (A: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2024 ) / ((Accounts Receivable (A: Jun. 2023 ) + Accounts Receivable (A: Jun. 2024 )) / count )
=259.203 / ((9.253 + 18.112) / 2 )
=259.203 / 13.6825
=18.94

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

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=130.974 / ((18.112 + 28.463) / 2 )
=130.974 / 23.2875
=5.62

* 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.

Fenix Resources  (ASX:FEX) 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.

Fenix Resources Receivables Turnover Related Terms

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Fenix Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fenix Resources Ltd (ASX:FEX) » Definitions » Receivables Turnover
Comparable Companies
ASX:GRR ASX:BIS ASX:MGX ASX:M4M ASX:IRD ASX:GWR ASX:EQN ASX:EQX ASX:PLG ASX:BCI BOM:500228 NUE XAMS:MT TSE:5401 NSE:TATASTEEL SHSE:600019 STLD RS XKRX:005490 SHSE:600010
Traded in Other Exchanges
4ER:Germany
Address
1 Spring Street, Level 33, Perth, WA, AUS, 6000
Website
https://www.fenixresources.com.au
Fenix Resources Ltd is an Australian company engaged in exploring, developing, and mining mineral tenements. The Group has three reportable segments: the Mining, Logistics and Port Services businesses. The majority of the revenue is generated from Mining segment which consists of exploration, development and mining of mineral tenements across Western Australia's Mid-West. The logistics segment involves provision of high-quality bulk commodity road and rail haulage logistics solutions to service both Fenix operations as well as third-party customers. The Port Services segment consists of provision of in-loading access via truck or rail for secure storage at Fenix on wharf storage facilities (comprising 3 sheds) at Geraldton Port and offering direct ship loading access and services.