Medallion Metals (ASX:MM8) Receivables Turnover : 29.32 (As of Jun. 2024)

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What is Medallion Metals 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. Medallion Metals's Revenue for the six months ended in Jun. 2024 was A$0.73 Mil. Medallion Metals's average Accounts Receivable for the six months ended in Jun. 2024 was A$0.03 Mil. Hence, Medallion Metals's Receivables Turnover for the six months ended in Jun. 2024 was 29.32.

Medallion Metals Receivables Turnover Historical Data

The historical data trend for Medallion Metals'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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Medallion Metals Receivables Turnover Chart

Medallion Metals Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

2.76

9.82

10.06

9.78

Medallion Metals Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial			4.52	6.46	5.21	6.08	29.32

Competitive Comparison of Medallion Metals's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Medallion Metals'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.

Medallion Metals's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Medallion Metals's Receivables Turnover falls into.

Medallion Metals Receivables Turnover Calculation

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

Medallion Metals'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 )
=	1.858	/ (	(0.35	+	0.03)	/	2 )
=	1.858	/	0.19
=	9.78

Medallion Metals'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 )
=	0.733	/ (	(0.02	+	0.03)	/	2 )
=	0.733	/	0.025
=	29.32

Medallion Metals (ASX:MM8) 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.

Medallion Metals Receivables Turnover Related Terms

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Medallion Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Medallion Metals Ltd (ASX:MM8) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Ventnor Avenue, Suite 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.medallionmetals.com.au

Medallion Metals Ltd is a minerals exploration company based in Perth, Western Australia. To the north, it has the Ravensthorpe Gold Project comprising mineral rights yielding amounts of high-grade gold and copper. To the south, the Jerdacuttup Project is prospective for base and precious metals. The firm has one reportable segment that is Project Operations. Its assets are located within the southern Goldfields-Esperance region of Western Australia.

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