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AIC Mines (AIC Mines) Receivables Turnover : 35.13 (As of Dec. 2023)


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What is AIC Mines 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. AIC Mines's Revenue for the six months ended in Dec. 2023 was $60.9 Mil. AIC Mines's average Accounts Receivable for the six months ended in Dec. 2023 was $1.7 Mil. Hence, AIC Mines's Receivables Turnover for the six months ended in Dec. 2023 was 35.13.


AIC Mines Receivables Turnover Historical Data

The historical data trend for AIC Mines'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.

AIC Mines Receivables Turnover Chart

AIC Mines Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 3.98 18.72

AIC Mines Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - 24.17 38.62 23.99 35.13

Competitive Comparison of AIC Mines's Receivables Turnover

For the Other Precious Metals & Mining subindustry, AIC Mines'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.


AIC Mines's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where AIC Mines's Receivables Turnover falls into.



AIC Mines Receivables Turnover Calculation

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

AIC Mines's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=84.295 / ((4.504 + 0) / 1 )
=84.295 / 4.504
=18.72

AIC Mines's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=60.923 / ((0 + 1.734) / 1 )
=60.923 / 1.734
=35.13

* 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.


AIC Mines  (OTCPK:IAUFF) 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.


AIC Mines Receivables Turnover Related Terms

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AIC Mines (AIC Mines) Business Description

Traded in Other Exchanges
Address
130 Hay Street, Suite 3, Subiaco, Perth, WA, AUS, 6008
AIC Mines Ltd is engaged in an exploration of gold and copper deposits. It holds an interest in the Marymia Project and Lamil Project. The company operates in one geographical area being Australia and one industry, being Exploration.

AIC Mines (AIC Mines) Headlines