Strategic Minerals (LSE:SML) Receivables Turnover : 2.53 (As of Jun. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Strategic Minerals 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. Strategic Minerals's Revenue for the six months ended in Jun. 2023 was £0.62 Mil. Strategic Minerals's average Accounts Receivable for the six months ended in Jun. 2023 was £0.24 Mil. Hence, Strategic Minerals's Receivables Turnover for the six months ended in Jun. 2023 was 2.53.

Strategic Minerals Receivables Turnover Historical Data

The historical data trend for Strategic Minerals'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.

Strategic Minerals Receivables Turnover Chart

Strategic Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

Get a 7-Day Free Trial

5.72

12.16

10.12

11.35

12.47

Strategic Minerals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															4.87	4.33	4.35	3.45	2.53

Competitive Comparison of Strategic Minerals's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Strategic Minerals'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.

Strategic Minerals's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Strategic Minerals's Receivables Turnover falls into.

Strategic Minerals Receivables Turnover Calculation

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

Strategic Minerals's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	2.008	/ (	(0.143	+	0.179)	/	2 )
=	2.008	/	0.161
=	12.47

Strategic Minerals's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.619	/ (	(0.179	+	0.31)	/	2 )
=	0.619	/	0.2445
=	2.53

Strategic Minerals (LSE:SML) 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.

Strategic Minerals Receivables Turnover Related Terms

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

Strategic Minerals (LSE:SML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Strategic Minerals PLC (LSE:SML) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

24S:Germany

Address

27/28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.strategicminerals.net

Strategic Minerals PLC is a UK-based mineral production and development company. The principal business activity of the company is the exploration, development, and operation of mining projects. Its operating segments include Southern Minerals Group LLC (SMG), Head Office, Development Asset, and United Kingdom. It derives a majority of the revenue from the SMG segment that is involved in the sale of magnetite to both the US domestic market and historically transported magnetite to port for onward export sale.

Strategic Minerals (LSE:SML) Headlines

No Headlines