Locksley Resources (ASX:LKY) Receivables Turnover : 0.21 (As of Jun. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Locksley 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. Locksley Resources's Revenue for the six months ended in Jun. 2024 was A$0.03 Mil. Locksley Resources's average Accounts Receivable for the six months ended in Jun. 2024 was A$0.12 Mil. Hence, Locksley Resources's Receivables Turnover for the six months ended in Jun. 2024 was 0.21.

Locksley Resources Receivables Turnover Historical Data

The historical data trend for Locksley 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.

Locksley Resources Receivables Turnover Chart

Locksley Resources Annual Data

Trend

Jun22

Jun23

Jun24

Receivables Turnover

Locksley Resources Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial			0.16	0.08	0.08	0.06	0.21

Competitive Comparison of Locksley Resources's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Locksley 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.

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

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

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

Locksley Resources Receivables Turnover Calculation

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

Locksley 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 )
=	0.033	/ (	(0	+	0)	/	1 )
=	0.033	/	0
=	N/A

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

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	0.026	/ (	(0.123	+	0)	/	1 )
=	0.026	/	0.123
=	0.21

Locksley Resources (ASX:LKY) 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.

Locksley Resources Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Locksley Resources's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Locksley Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://www.locksleyresources.com.au

Locksley Resources Ltd is a mineral exploration company with a primary focus on identifying, exploring, and developing copper and gold deposits in New South Wales, Australia. The company's projects are Mojave and Tottenham.

Locksley Resources Headlines

No Headlines