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Tartana Minerals (ASX:TAT) Receivables Turnover : 12.20 (As of Dec. 2024)


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What is Tartana 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. Tartana Minerals's Revenue for the six months ended in Dec. 2024 was A$2.09 Mil. Tartana Minerals's average Accounts Receivable for the six months ended in Dec. 2024 was A$0.17 Mil. Hence, Tartana Minerals's Receivables Turnover for the six months ended in Dec. 2024 was 12.20.

Tartana Minerals Receivables Turnover Historical Data

The historical data trend for Tartana 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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Tartana Minerals Receivables Turnover Chart

Tartana Minerals Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.08 5.18 119.84 47.43 7.84

Tartana 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 11.00 17.04 5.14 1.43 12.20

Competitive Comparison of Tartana Minerals's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Tartana 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.

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

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

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


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Tartana Minerals Receivables Turnover Calculation

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

Tartana 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 )
=1.763 / ((0.2 + 0.25) / 2 )
=1.763 / 0.225
=7.84

Tartana 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 )
=2.087 / ((0.25 + 0.092) / 2 )
=2.087 / 0.171
=12.20

* 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.

Tartana Minerals  (ASX:TAT) 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.

Tartana Minerals Receivables Turnover Related Terms

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Tartana Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tartana Minerals Ltd (ASX:TAT) » Definitions » Receivables Turnover
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Traded in Other Exchanges
N/A
Address
169 Blues Point Road, McMahons Point, Sydney, NSW, AUS, 2060
Website
https://www.tartanaminerals.com.au
Tartana Minerals Ltd is a copper producer and a copper, gold, silver, and zinc explorer and developer in the Chillagoe Region of Far North Queensland. The company's Tartana mining leases contain an existing heap leach, solvent extraction, and crystallization plant nestled between its Tartana, Queen Grade, and Mountain Maid projects. Its projects include the Nightflower Silver Project, Tartana Copper Sulphate Project, Zeehan Zinc Low Grade Furnace Slag Project, and the Mountain Maid Project among others.