Mining Investments Resources (LSE:MIR) Receivables Turnover : 1.50 (As of Dec. 2013)

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What is Mining Investments Resources 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. Mining Investments Resources's Revenue for the six months ended in Dec. 2013 was £0.00 Mil. Mining Investments Resources's average Accounts Receivable for the six months ended in Dec. 2013 was £0.00 Mil. Hence, Mining Investments Resources's Receivables Turnover for the six months ended in Dec. 2013 was 1.50.

Mining Investments Resources Receivables Turnover Historical Data

The historical data trend for Mining Investments Resources'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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Mining Investments Resources Receivables Turnover Chart

Mining Investments Resources Annual Data

Trend

Mar04

Mar05

Mar06

Mar07

Mar08

Jun09

Jun10

Jun11

Jun12

Jun13

Receivables Turnover

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0.08

0.12

Mining Investments Resources Semi-Annual Data
	Sep03	Mar04	Sep04	Mar05	Sep05	Mar06	Sep06	Mar07	Sep07	Mar08	Sep08	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13
Receivables Turnover	Get a 7-Day Free Trial															0.11	-	40.50	-	1.50

Competitive Comparison of Mining Investments Resources's Receivables Turnover

For the Conglomerates subindustry, Mining Investments Resources'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.

Mining Investments Resources's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Mining Investments Resources's Receivables Turnover distribution charts can be found below:

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

Mining Investments Resources Receivables Turnover Calculation

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

Mining Investments Resources's Receivables Turnover for the fiscal year that ended in Jun. 2013 is calculated as

	Receivables Turnover (A: Jun. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2013 )	/ (	(Accounts Receivable (A: Jun. 2012 )	+	Accounts Receivable (A: Jun. 2013 ))	/	count )
=	0.012	/ (	(0	+	0)	/	1 )
=	0.012	/	0
=	N/A

Mining Investments Resources's Receivables Turnover for the quarter that ended in Dec. 2013 is calculated as

	Receivables Turnover (Q: Dec. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2013 )	/ (	(Accounts Receivable (Q: Jun. 2013 )	+	Accounts Receivable (Q: Dec. 2013 ))	/	count )
=	0.003	/ (	(0	+	0.002)	/	1 )
=	0.003	/	0.002
=	1.50

Mining Investments Resources (LSE:MIR) 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.

Mining Investments Resources Receivables Turnover Related Terms

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Mining Investments Resources (LSE:MIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mining Investments Resources PLC (LSE:MIR) » Definitions » Receivables Turnover

Comparable Companies

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Traded in Other Exchanges

N/A

Address

Website

http://www.mirplc.com

Mining Investments Resources PLC is an investing company. It mainly invests in businesses which possess the opportunity for high growth, generally through exploitation of intellectual property. The Company's investing policy is to acquire a diverse portfolio of direct and indirect interests in exploration and producing projects and assets in the natural resources sector.