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Andrada Mining (LSE:ATM) Receivables Turnover : 19.84 (As of Aug. 2023)


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What is Andrada 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. Andrada Mining's Revenue for the six months ended in Aug. 2023 was £8.85 Mil. Andrada Mining's average Accounts Receivable for the six months ended in Aug. 2023 was £0.45 Mil. Hence, Andrada Mining's Receivables Turnover for the six months ended in Aug. 2023 was 19.84.


Andrada Mining Receivables Turnover Historical Data

The historical data trend for Andrada 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.

Andrada Mining Receivables Turnover Chart

Andrada Mining Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 0.70 1.62 13.12 16.75 18.49

Andrada Mining Semi-Annual Data
Feb15 Feb16 Feb17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
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 7.79 11.43 17.19 -49.77 19.84

Competitive Comparison of Andrada Mining's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Andrada 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.


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

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

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



Andrada Mining Receivables Turnover Calculation

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

Andrada Mining's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

Receivables Turnover (A: Feb. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Feb. 2023 ) / ((Accounts Receivable (A: Feb. 2022 ) + Accounts Receivable (A: Feb. 2023 )) / count )
=9.827 / ((0.909 + 0.154) / 2 )
=9.827 / 0.5315
=18.49

Andrada Mining's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

Receivables Turnover (Q: Aug. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Aug. 2023 ) / ((Accounts Receivable (Q: Feb. 2023 ) + Accounts Receivable (Q: Aug. 2023 )) / count )
=8.847 / ((0.154 + 0.738) / 2 )
=8.847 / 0.446
=19.84

* 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.


Andrada Mining  (LSE:ATM) 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.


Andrada Mining Receivables Turnover Related Terms

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Andrada Mining (LSE:ATM) Business Description

Traded in Other Exchanges
Address
Oak House, Hirzel Street, P.O. Box 282, Saint Peter Port, GGY, GY1 3RH
Andrada Mining Ltd is a Guernsey-based mining company. The company's geographical segments include South Africa and Namibia. The company's project consists of the Uis Tin project and Mokopane Tin project. It derives a majority of its revenue from the Namibia region. The company's asset includes Lithium Ridge (Nai-Nais), Spodumene Hill, Brandberg West.

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