Patagonia Gold (FRA:PVR1) Receivables Turnover : 2.76 (As of Sep. 2022)

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What is Patagonia Gold 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. Patagonia Gold's Revenue for the three months ended in Sep. 2022 was €2.49 Mil. Patagonia Gold's average Accounts Receivable for the three months ended in Sep. 2022 was €0.90 Mil. Hence, Patagonia Gold's Receivables Turnover for the three months ended in Sep. 2022 was 2.76.

Patagonia Gold Receivables Turnover Historical Data

The historical data trend for Patagonia Gold'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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Patagonia Gold Receivables Turnover Chart

Patagonia Gold Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

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146.25

124.08

141.16

Patagonia Gold Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Receivables Turnover	Get a 7-Day Free Trial															130.51	45.08	40.00	72.96	2.76

Competitive Comparison of Patagonia Gold's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Patagonia Gold'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.

Patagonia Gold's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Patagonia Gold's Receivables Turnover falls into.

Patagonia Gold Receivables Turnover Calculation

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

Patagonia Gold's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	16.022	/ (	(0.128	+	0.099)	/	2 )
=	16.022	/	0.1135
=	141.16

Patagonia Gold's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

	Receivables Turnover (Q: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Sep. 2022 ))	/	count )
=	2.486	/ (	(0.005	+	1.798)	/	2 )
=	2.486	/	0.9015
=	2.76

Patagonia Gold (FRA:PVR1) 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.

Patagonia Gold Receivables Turnover Related Terms

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Patagonia Gold (FRA:PVR1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patagonia Gold Corp (FRA:PVR1) » Definitions » Receivables Turnover

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Address

2200 - 885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.patagoniagold.com

Patagonia Gold Corp is a Canada-based mineral exploration company. The firm is engaged in the exploration, development, and production of gold and silver projects in the southern Patagonia region of Argentina, Chile, and Uruguay. It also holds interests in mineral exploration companies, which are involved in the identification, acquisition, development, and exploitation of mineral projects. Some of its projects include the Calcatreu, Cap-Oeste, El Tranquilo, La Josefina, La Manchuria, and La Valenciana.

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