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Nexus Minerals (ASX:NXM) Receivables Turnover : 0.47 (As of Dec. 2024)


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What is Nexus Minerals 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. Nexus Minerals's Revenue for the six months ended in Dec. 2024 was A$0.05 Mil. Nexus Minerals's average Accounts Receivable for the six months ended in Dec. 2024 was A$0.12 Mil. Hence, Nexus Minerals's Receivables Turnover for the six months ended in Dec. 2024 was 0.47.


Nexus Minerals Receivables Turnover Historical Data

The historical data trend for Nexus Minerals'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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Nexus Minerals Receivables Turnover Chart

Nexus Minerals Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Receivables Turnover
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Nexus Minerals 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 0.47

Competitive Comparison of Nexus Minerals's Receivables Turnover

For the Gold subindustry, Nexus Minerals'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.


Nexus Minerals's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Nexus Minerals's Receivables Turnover falls into.


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Nexus Minerals Receivables Turnover Calculation

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

Nexus Minerals'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 + 0) / 1 )
=0 / 0
=N/A

Nexus Minerals'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 )
=0.054 / ((0 + 0.116) / 1 )
=0.054 / 0.116
=0.47

* 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.


Nexus Minerals  (ASX:NXM) 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.


Nexus Minerals Receivables Turnover Related Terms

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Nexus Minerals Business Description

Traded in Other Exchanges
N/A
Address
41-47 Colin Street, West Perth, Perth, WA, AUS, 6005
Nexus Minerals Ltd is a gold exploration company operating in Australia. The company is engaged in exploring gold deposits in Eastern Goldfields of Western Australia. The projects of the company include Pinnacles joint venture gold, pinnacles regional gold, Wallbrook gold project, Bethanga Porphyry Copper-Gold Project and Mt Celia gold project.

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