Volt Resources (ASX:VRC) Receivables Turnover : 0.06 (As of Dec. 2023)

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What is Volt Resources 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. Volt Resources's Revenue for the six months ended in Dec. 2023 was A$0.01 Mil. Volt Resources's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.10 Mil. Hence, Volt Resources's Receivables Turnover for the six months ended in Dec. 2023 was 0.06.

Volt Resources Receivables Turnover Historical Data

The historical data trend for Volt Resources'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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Volt Resources Receivables Turnover Chart

Volt Resources Annual Data

Trend

Jun14

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Receivables Turnover

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Volt Resources 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															-	-	-	-	0.06

Competitive Comparison of Volt Resources's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Volt Resources'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.

Volt Resources's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Volt Resources's Receivables Turnover falls into.

Volt Resources Receivables Turnover Calculation

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

Volt Resources's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Volt Resources'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 )
=	0.006	/ (	(0	+	0.104)	/	1 )
=	0.006	/	0.104
=	0.06

Volt Resources (ASX:VRC) 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.

Volt Resources Receivables Turnover Related Terms

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Volt Resources (ASX:VRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volt Resources Ltd (ASX:VRC) » Definitions » Receivables Turnover

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R8L:Germany

Address

108 St Georges Terrace, Level 25, Suite 10, Perth, WA, AUS, 6000

Website

https://www.voltresources.com

Volt Resources Ltd is a graphite exploration company. The company is focused on the exploration and development of the Bunyu Graphite Project in Tanzania. It has also interest in three gold projects Kouroussa, Mandiana, and Konsolon in the richly mineralised Birimian Greenstone Belt in Guinea, West Africa. It operates in Corporate, Gold, and Graphite segments.

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