Silver X Mining (FRA:AGX) Receivables Turnover : 12.44 (As of Mar. 2024)

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What is Silver X Mining 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. Silver X Mining's Revenue for the three months ended in Mar. 2024 was €4.40 Mil. Silver X Mining's average Accounts Receivable for the three months ended in Mar. 2024 was €0.35 Mil. Hence, Silver X Mining's Receivables Turnover for the three months ended in Mar. 2024 was 12.44.

Silver X Mining Receivables Turnover Historical Data

The historical data trend for Silver X Mining'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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Silver X Mining Receivables Turnover Chart

Silver X Mining Annual Data

Trend

Feb20

Feb21

Dec22

Dec23

Receivables Turnover

60.07

46.05

Silver X Mining Quarterly Data
	May20	Aug20	Feb21	May21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									12.52	17.15	10.79	25.48	12.44

Competitive Comparison of Silver X Mining's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Silver X Mining'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.

Silver X Mining's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Silver X Mining's Receivables Turnover falls into.

Silver X Mining Receivables Turnover Calculation

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

Silver X Mining'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 )
=	14.367	/ (	(0.428	+	0.196)	/	2 )
=	14.367	/	0.312
=	46.05

Silver X Mining'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 )
=	4.397	/ (	(0.196	+	0.511)	/	2 )
=	4.397	/	0.3535
=	12.44

Silver X Mining (FRA:AGX) 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.

Silver X Mining Receivables Turnover Related Terms

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Silver X Mining (FRA:AGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver X Mining Corp (FRA:AGX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AGXPF:USA AGX:Germany AGX:Canada

Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

https://www.silverx-mining.com

Silver X Mining Corp is a Canadian silver mining company with assets in Peru and Ecuador. The Company operates in two reportable operating segments, the exploration and development of mineral properties. The company's flagship asset is the Nueva Recuperada silver lead zinc project located in Huancavelica, Peru. The firm offers diverse commodity exposure, including silver, gold, lead, and zinc opportunities. It also holds interest in the Coriorcco gold project.