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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. Afrika Gold AG's Revenue for the
six
months ended in Jun. 2024 was €0.04 Mil. Afrika Gold AG's average Accounts Receivable for the
six
months ended in Jun. 2024 was €3.27 Mil.
Hence, Afrika Gold AG's Receivables Turnover for the
six
months ended in Jun. 2024 was 0.01.
Afrika Gold AG (HAM:GOG) 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.
Afrika Gold AG Receivables Turnover Related Terms
Afrika Gold AG Receivables Turnover Historical Data
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The historical data trend for Afrika Gold AG'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.
Afrika Gold AG Receivables Turnover Competitor Comparison
For the Gold subindustry, Afrika Gold AG'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.
Afrika Gold AG Receivables Turnover vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Afrika Gold AG's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Afrika Gold AG's Receivables Turnover falls into.
* 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.
Afrika Gold AG (HAM:GOG) has a Receivables Turnover of 0.01 as of Jun. 2024. The accounts 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. View historical data on Afrika Gold AG and its competitors.
Is Afrika Gold AG's Receivables Turnover too high?
Afrika Gold AG's current Receivables Turnover is 0.01. The Metals & Mining industry median Receivables Turnover is 9.40. Afrika Gold AG's value of 0.01 is 99.9% below this industry median. Overall, Afrika Gold AG has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Afrika Gold AG's Receivables Turnover compare to competitors?
Afrika Gold AG's Receivables Turnover of 0.01 can be compared against companies in the Metals & Mining industry. The industry median Receivables Turnover is 9.40. Afrika Gold AG's value of 0.01 is 99.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Metals & Mining company?
The median Receivables Turnover among Metals & Mining companies is 9.40, based on 780 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afrika Gold AG's current Receivables Turnover of 0.01 is 99.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Afrika Gold AG and its competitors. For the Metals & Mining industry, the median Receivables Turnover is 9.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afrika Gold AG's current Receivables Turnover is 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afrika Gold AG stock overvalued right now?
Afrika Gold AG (HAM:GOG) has a current Receivables Turnover of 0.01. The current Receivables Turnover is 0.01 and 99.9% below the Metals & Mining industry median of 9.40. Afrika Gold AG's overall GF Score™ is 36/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Afrika Gold AG (HAM:GOG), the current Receivables Turnover is 0.01 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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