Middle Island Resources (ASX:MDI) Receivables Turnover : 0.70 (As of Dec. 2024)

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What is Middle Island 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. Middle Island Resources's Revenue for the six months ended in Dec. 2024 was A$0.06 Mil. Middle Island Resources's average Accounts Receivable for the six months ended in Dec. 2024 was A$0.08 Mil. Hence, Middle Island Resources's Receivables Turnover for the six months ended in Dec. 2024 was 0.70.

Middle Island Resources Receivables Turnover Historical Data

The historical data trend for Middle Island 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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Middle Island Resources Receivables Turnover Chart

Middle Island Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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0.42

Middle Island 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															-	-	-	-	0.70

Competitive Comparison of Middle Island Resources's Receivables Turnover

For the Gold subindustry, Middle Island 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.

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

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

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

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Middle Island Resources Receivables Turnover Calculation

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

Middle Island 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	/ (	(0.016	+	0.039)	/	2 )
=	0	/	0.0275
=	N/A

Middle Island 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 )
=	0.057	/ (	(0.039	+	0.124)	/	2 )
=	0.057	/	0.0815
=	0.70

Middle Island Resources (ASX:MDI) 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.

Middle Island Resources Receivables Turnover Related Terms

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Middle Island Resources Business Description

Industry

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

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M83:Germany

Address

2 Richardson Street, Suite 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.middleisland.com.au

Middle Island Resources Ltd operates as a gold exploration and development company in Australia and West Africa. It holds an interest in the Reo project located in Burkina Faso, Sandstone Gold Project in Western Australia, and Barkly Copper-Gold Project. The Group has one operating segment being identification, acquisition and exploration of mineral assets.

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