Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. MGX Resources's Revenue for the
six
months ended in Dec. 2025 was A$142.8 Mil. MGX Resources's average Accounts Receivable for the
six
months ended in Dec. 2025 was A$1.3 Mil.
Hence, MGX Resources's Receivables Turnover for the
six
months ended in Dec. 2025 was 113.32.
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.
MGX Resources Receivables Turnover Related Terms
MGX Resources Receivables Turnover Historical Data
* Premium members only.
The historical data trend for MGX 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.
ASX:MGX vs NUE, STLD, RS: Receivables Turnover Comparison
For the Steel subindustry, MGX 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.
MGX Resources Receivables Turnover vs Steel Industry
For the Steel industry and Basic Materials sector, MGX Resources's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where MGX Resources's Receivables Turnover falls into.
* 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.
MGX Resources (ASX:MGX) has a Receivables Turnover of 113.32 as of Dec. 2025. The accounts 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. View historical data on MGX Resources and its competitors. According to the industry distribution chart, MGX Resources ranks #63 out of 605 companies in the Steel industry, placing it in the top 10.4%.
Is MGX Resources' Receivables Turnover too high?
MGX Resources' current Receivables Turnover is 113.32. The Steel industry median Receivables Turnover is 7.13. MGX Resources' value of 113.32 is 1489.3% above this industry median. Based on the distribution chart, MGX Resources ranks #63 out of 605 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, MGX Resources has a GF Score™ of 46/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MGX Resources' Receivables Turnover compare to NUE and STLD?
According to the Steel industry distribution chart, MGX Resources ranks #63 out of 605 companies for Receivables Turnover. This places MGX Resources in the top 10% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 7.13. MGX Resources' value of 113.32 is 1489.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Steel company?
The median Receivables Turnover among Steel companies is 7.13, based on 605 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MGX Resources's current Receivables Turnover of 113.32 is 1489.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on MGX Resources and its competitors. For the Steel industry, the median Receivables Turnover is 7.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGX Resources's current Receivables Turnover is 113.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGX Resources stock overvalued right now?
Based on GuruFocus' analysis, MGX Resources (ASX:MGX) is currently considered Fairly Valued. The stock's GF Value™ is A$0.31, compared to a current price of A$0.34 — trading 8.1% above its estimated fair value. The current Receivables Turnover is 113.32 and 1489.3% above the Steel industry median of 7.13. MGX Resources' overall GF Score™ is 46/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For MGX Resources (ASX:MGX), the current Receivables Turnover is 113.32 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MGX Resources (ASX:MGX) Overvalued in 2026?
Based on GuruFocus' analysis, MGX Resources stock appears to be overvalued.
The current stock price of A$0.34 is trading 8.1% above its estimated GF Value™ of A$0.31.
GuruFocus considers MGX Resources to be Fairly Valued.
Key valuation signals for ASX:MGX:
Receivables Turnover: 113.32
GF Value™: A$0.31 vs. price of A$0.34 (8.1% above fair value)
Industry Position: 1489.3% above the Steel median (#63 of 605)
No single metric tells the full story. See the ASX:MGX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGX Resources Ltd is an Australian mining company. The company's flagship production asset is the Koolan Island mine in WA's Kimberley region. The Company also holds precious and base metals exploration tenements in the Mid-West and Gascoyne regions of Western Australia. Its other projects include the Central Tanami Gold Project and the WA Exploration - Tallering Peak and Edmund Basin.
46GF Score
Get the complete analysis for ASX:MGX
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:MGX has been successfully added to your 
