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Tombador Iron (ASX:TI1) Receivables Turnover : 9.62 (As of Jun. 2023)


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What is Tombador Iron 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. Tombador Iron's Revenue for the six months ended in Jun. 2023 was A$52.64 Mil. Tombador Iron's average Accounts Receivable for the six months ended in Jun. 2023 was A$5.47 Mil. Hence, Tombador Iron's Receivables Turnover for the six months ended in Jun. 2023 was 9.62.


Tombador Iron Receivables Turnover Historical Data

The historical data trend for Tombador Iron'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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Tombador Iron Receivables Turnover Chart

Tombador Iron Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.60 4.27 4.73 - -

Tombador Iron Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - 3.79 15.06 20.55 9.62

Competitive Comparison of Tombador Iron's Receivables Turnover

For the Steel subindustry, Tombador Iron'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.


Tombador Iron's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tombador Iron's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tombador Iron's Receivables Turnover falls into.



Tombador Iron Receivables Turnover Calculation

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

Tombador Iron's Receivables Turnover for the fiscal year that ended in Jun. 2021 is calculated as

Receivables Turnover (A: Jun. 2021 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2021 ) / ((Accounts Receivable (A: Jun. 2020 ) + Accounts Receivable (A: Jun. 2021 )) / count )
=0 / ((0.968 + 0.194) / 2 )
=0 / 0.581
=N/A

Tombador Iron's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=52.641 / ((2.13 + 8.813) / 2 )
=52.641 / 5.4715
=9.62

* 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.


Tombador Iron  (ASX:TI1) 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.


Tombador Iron Receivables Turnover Related Terms

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Tombador Iron (ASX:TI1) Business Description

Traded in Other Exchanges
N/A
Address
85 Forrest Street, Suite 5, Cottesloe, WA, AUS, 6011
Tombador Iron Ltd is an iron ore mining company in Brazil. The company owns the Tombador iron ore project in Bahia State, Brazil. The company segment includes The Corporate segment in Australia (Tombador Iron Limited), The Corporate segment in Singapore e (Tombador Iron Singapore Pte Limited) and Tombador Iron Ore Project in Brazil.

Tombador Iron (ASX:TI1) Headlines

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