Krakatoa Resources (ASX:KTA) Receivables Turnover : 0.03 (As of Dec. 2023)

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What is Krakatoa 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. Krakatoa Resources's Revenue for the six months ended in Dec. 2023 was A$0.02 Mil. Krakatoa Resources's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.53 Mil. Hence, Krakatoa Resources's Receivables Turnover for the six months ended in Dec. 2023 was 0.03.

Krakatoa Resources Receivables Turnover Historical Data

The historical data trend for Krakatoa 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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Krakatoa Resources Receivables Turnover Chart

Krakatoa Resources Annual Data

Trend

Jun14

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Jun23

Receivables Turnover

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Krakatoa Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	0.03

Competitive Comparison of Krakatoa Resources's Receivables Turnover

For the Gold subindustry, Krakatoa 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.

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

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

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

Krakatoa Resources Receivables Turnover Calculation

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

Krakatoa Resources'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

Krakatoa Resources'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 )
=	0.016	/ (	(0	+	0.531)	/	1 )
=	0.016	/	0.531
=	0.03

Krakatoa Resources (ASX:KTA) 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.

Krakatoa Resources Receivables Turnover Related Terms

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Krakatoa Resources (ASX:KTA) Business Description

Industry

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

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Address

216 St Georges Terrace, Level 8, London House, Perth, WA, AUS, 6000

Website

https://www.ktaresources.com

Krakatoa Resources Ltd is engaged in the acquisition and exploration of resource-based projects. The company currently holds an interest in Belgravia Project; Turon Gold Project; King Tamba; Rand Gold Project, Mac Well Project, and Mt Clere Project.