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Morien Resources (FRA:35BN) Receivables Turnover : 0.49 (As of Mar. 2024)


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What is Morien 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. Morien Resources's Revenue for the three months ended in Mar. 2024 was €0.01 Mil. Morien Resources's average Accounts Receivable for the three months ended in Mar. 2024 was €0.02 Mil. Hence, Morien Resources's Receivables Turnover for the three months ended in Mar. 2024 was 0.49.


Morien Resources Receivables Turnover Historical Data

The historical data trend for Morien 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.

* Premium members only.

Morien Resources Receivables Turnover Chart

Morien Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.54 1.31 2.40 1.71 8.07

Morien Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.27 0.78 0.37 0.39 0.49

Competitive Comparison of Morien Resources's Receivables Turnover

For the Thermal Coal subindustry, Morien 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.


Morien Resources's Receivables Turnover Distribution in the Other Energy Sources Industry

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

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



Morien Resources Receivables Turnover Calculation

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

Morien Resources'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 )
=0.658 / ((0.136 + 0.027) / 2 )
=0.658 / 0.0815
=8.07

Morien Resources's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=0.012 / ((0.027 + 0.022) / 2 )
=0.012 / 0.0245
=0.49

* 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.


Morien Resources  (FRA:35BN) 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.


Morien Resources Receivables Turnover Related Terms

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Morien Resources (FRA:35BN) Business Description

Traded in Other Exchanges
Address
1701 Hollis Street, Suite 800, Halifax, NS, CAN, B3J 3M8
Morien Resources Corp is engaged in the business of identification and purchase of mineral projects. It operates as a mining development company that holds royalty interests in two tidewater accessed projects, namely the Donkin Coal Mine and the Black Point Aggregate Project. The company derives revenue in the form of royalty interests.

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