Pinnacle Minerals (ASX:PIM) Receivables Turnover : 1.87 (As of Dec. 2024)

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What is Pinnacle 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. Pinnacle Minerals's Revenue for the six months ended in Dec. 2024 was A$0.04 Mil. Pinnacle Minerals's average Accounts Receivable for the six months ended in Dec. 2024 was A$0.02 Mil. Hence, Pinnacle Minerals's Receivables Turnover for the six months ended in Dec. 2024 was 1.87.

Pinnacle Minerals Receivables Turnover Historical Data

The historical data trend for Pinnacle 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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Pinnacle Minerals Receivables Turnover Chart

Pinnacle Minerals Annual Data

Trend

Jun23

Jun24

Receivables Turnover

Pinnacle Minerals Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	0.50	-	1.07	-	1.87

Competitive Comparison of Pinnacle Minerals's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Pinnacle 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.

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

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

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

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Pinnacle Minerals Receivables Turnover Calculation

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

Pinnacle 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

Pinnacle 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 )
=	0.043	/ (	(0	+	0.023)	/	1 )
=	0.043	/	0.023
=	1.87

Pinnacle Minerals (ASX:PIM) 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.

Pinnacle Minerals Receivables Turnover Related Terms

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Pinnacle Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pinnacle Minerals Ltd (ASX:PIM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

389 Oxford Street, Suite 6, Level 1, Mount Hawthorn, Perth, WA, AUS, 6016

Website

https://www.pinnacleminerals.com.au

Pinnacle Minerals Ltd is a mineral exploration company. Its projects include the Adina East Lithium project, the Capel Mineral Sands project, and the Wirrulla REE project. The company operates in one business segment and two geographical segments which are, Australia and Canada.