Mineral Commodities (ASX:MRC) Receivables Turnover : 2.52 (As of Dec. 2023)

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What is Mineral Commodities 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. Mineral Commodities's Revenue for the six months ended in Dec. 2023 was A$19.90 Mil. Mineral Commodities's average Accounts Receivable for the six months ended in Dec. 2023 was A$7.91 Mil. Hence, Mineral Commodities's Receivables Turnover for the six months ended in Dec. 2023 was 2.52.

Mineral Commodities Receivables Turnover Historical Data

The historical data trend for Mineral Commodities'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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Mineral Commodities Receivables Turnover Chart

Mineral Commodities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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26.78

11.61

23.42

14.03

Mineral Commodities 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															5.92	3.89	2.45	2.36	2.52

Competitive Comparison of Mineral Commodities's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Mineral Commodities'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.

Mineral Commodities's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mineral Commodities's Receivables Turnover falls into.

Mineral Commodities Receivables Turnover Calculation

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

Mineral Commodities's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	42.228	/ (	(4.526	+	1.494)	/	2 )
=	42.228	/	3.01
=	14.03

Mineral Commodities'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 )
=	19.9	/ (	(14.331	+	1.494)	/	2 )
=	19.9	/	7.9125
=	2.52

Mineral Commodities (ASX:MRC) 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.

Mineral Commodities Receivables Turnover Related Terms

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Mineral Commodities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mineral Commodities Ltd (ASX:MRC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

58M:Germany

Address

Unit 2, 59 Belmont Avenue, Belmont, WA, AUS, 6104

Website

https://www.mineralcommodities.com

Mineral Commodities Ltd is a mineral exploration and development company. It has mineral sands projects in South Africa. It is also engaged in exploration activities in Iran, and Australia. The company has five reportable segments: Mineral sands mining and production (Tormin Mineral Sands project) - South Africa; 2. Mineral sands exploration (Xolobeni Mineral Sands project) - South Africa; 3. Graphite mining and production (Skaland) - Norway; 4. Exploration activities - Australia; and 5. Corporate (management and administration of the Company's projects) - Australia, South Africa, and Norway.