GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mantengu Mining Ltd (JSE:MTU) » Definitions » Receivables Turnover

Mantengu Mining (JSE:MTU) Receivables Turnover : 2.19 (As of Aug. 2024)


View and export this data going back to 2012. Start your Free Trial

What is Mantengu 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. Mantengu Mining's Revenue for the six months ended in Aug. 2024 was R115.9 Mil. Mantengu Mining's average Accounts Receivable for the six months ended in Aug. 2024 was R52.9 Mil. Hence, Mantengu Mining's Receivables Turnover for the six months ended in Aug. 2024 was 2.19.


Mantengu Mining Receivables Turnover Historical Data

The historical data trend for Mantengu 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.

* Premium members only.

Mantengu Mining Receivables Turnover Chart

Mantengu Mining Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 78.81 4.58

Mantengu Mining Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 0.29 1.90 1.65 6.07 2.19

Competitive Comparison of Mantengu Mining's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Mantengu 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.


Mantengu Mining's Receivables Turnover Distribution in the Metals & Mining Industry

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

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


;
;

Mantengu Mining Receivables Turnover Calculation

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

Mantengu Mining's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

Receivables Turnover (A: Feb. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Feb. 2024 ) / ((Accounts Receivable (A: Feb. 2023 ) + Accounts Receivable (A: Feb. 2024 )) / count )
=109.925 / ((0 + 23.975) / 1 )
=109.925 / 23.975
=4.58

Mantengu Mining's Receivables Turnover for the quarter that ended in Aug. 2024 is calculated as

Receivables Turnover (Q: Aug. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Aug. 2024 ) / ((Accounts Receivable (Q: Feb. 2024 ) + Accounts Receivable (Q: Aug. 2024 )) / count )
=115.855 / ((23.975 + 81.914) / 2 )
=115.855 / 52.9445
=2.19

* 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.


Mantengu Mining  (JSE:MTU) 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.


Mantengu Mining Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Mantengu Mining's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Mantengu Mining Business Description

Traded in Other Exchanges
N/A
Address
5 Saint Michaels Lane, Bryanston, Sandton, Johannesburg, ZAF, 2021
Mantengu Mining Ltd operates as a mining investment company. The company is engaged in the process of transforming into a Mining, Mining Services, and Energy company. The project of the company comprises of Langpan project.

Mantengu Mining Headlines

No Headlines