DNN (Denison Mines) Receivables Turnover : 0.24 (As of Sep. 2024)

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What is Denison Mines 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. Denison Mines's Revenue for the three months ended in Sep. 2024 was $0.51 Mil. Denison Mines's average Accounts Receivable for the three months ended in Sep. 2024 was $2.12 Mil. Hence, Denison Mines's Receivables Turnover for the three months ended in Sep. 2024 was 0.24.

Denison Mines Receivables Turnover Historical Data

The historical data trend for Denison Mines'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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Denison Mines Receivables Turnover Chart

Denison Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.65

5.57

7.26

2.88

0.92

Denison Mines Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.16	0.39	0.78	0.72	0.24

Competitive Comparison of Denison Mines's Receivables Turnover

For the Uranium subindustry, Denison Mines'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.

Denison Mines's Receivables Turnover Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Denison Mines's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Denison Mines's Receivables Turnover falls into.

Denison Mines Receivables Turnover Calculation

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

Denison Mines's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1.383	/ (	(2.344	+	0.67)	/	2 )
=	1.383	/	1.507
=	0.92

Denison Mines's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	0.513	/ (	(1.767	+	2.476)	/	2 )
=	0.513	/	2.1215
=	0.24

Denison Mines (AMEX:DNN) 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.

Denison Mines Receivables Turnover Related Terms

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Denison Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Denison Mines Corp (AMEX:DNN) » Definitions » Receivables Turnover

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0URY:UK IUQ:Germany IUQ:Germany DML:Canada

Address

40 University Avenue, Suite 1100, Toronto, ON, CAN, M5J 1T1

Website

https://www.denisonmines.com

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure-rich eastern portion of the Athabasca Basin region of northern Saskatchewan. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.