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Borealis Mining Co (FRA:L4B0) Receivables Turnover : 1.95 (As of Jul. 2024)


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What is Borealis Mining Co 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. Borealis Mining Co's Revenue for the three months ended in Jul. 2024 was €0.12 Mil. Borealis Mining Co's average Accounts Receivable for the three months ended in Jul. 2024 was €0.06 Mil. Hence, Borealis Mining Co's Receivables Turnover for the three months ended in Jul. 2024 was 1.95.

Borealis Mining Co Receivables Turnover Historical Data

The historical data trend for Borealis Mining Co'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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Borealis Mining Co Receivables Turnover Chart

Borealis Mining Co Annual Data
Trend Jul23 Jul24
Receivables Turnover
- 7.71

Borealis Mining Co Quarterly Data
Apr23 Jul23 Apr24 Jul24
Receivables Turnover - - - 1.95

Competitive Comparison of Borealis Mining Co's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Borealis Mining Co'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.

Borealis Mining Co's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Borealis Mining Co's Receivables Turnover falls into.


Borealis Mining Co Receivables Turnover Calculation

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

Borealis Mining Co's Receivables Turnover for the fiscal year that ended in Jul. 2024 is calculated as

Receivables Turnover (A: Jul. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jul. 2024 ) / ((Accounts Receivable (A: Jul. 2023 ) + Accounts Receivable (A: Jul. 2024 )) / count )
=0.918 / ((0 + 0.119) / 1 )
=0.918 / 0.119
=7.71

Borealis Mining Co's Receivables Turnover for the quarter that ended in Jul. 2024 is calculated as

Receivables Turnover (Q: Jul. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jul. 2024 ) / ((Accounts Receivable (Q: Apr. 2024 ) + Accounts Receivable (Q: Jul. 2024 )) / count )
=0.12 / ((0.004 + 0.119) / 2 )
=0.12 / 0.0615
=1.95

* 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.

Borealis Mining Co  (FRA:L4B0) 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.

Borealis Mining Co Receivables Turnover Related Terms

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Borealis Mining Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Borealis Mining Co Ltd (FRA:L4B0) » Definitions » Receivables Turnover
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Traded in Other Exchanges
BOGO:Canada
Address
410 West Georgia Street, 5th Floor, Vancouver, BC, CAN, V6B 1Z3
Website
https://www.borealismining.com
Borealis Mining Co Ltd is an exploration and development stage mining company engaged in the business of acquiring and exploring mineral properties. The company's principal project is the Borealis Project which is a fully permitted silver-gold mine, absorption, desorption, and refining plant, located near Hawthorne, Nevada.

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