Tharisa (LSE:THS) Receivables Turnover : 3.43 (As of Sep. 2023)

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What is Tharisa 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. Tharisa's Revenue for the six months ended in Sep. 2023 was £254.2 Mil. Tharisa's average Accounts Receivable for the six months ended in Sep. 2023 was £74.1 Mil. Hence, Tharisa's Receivables Turnover for the six months ended in Sep. 2023 was 3.43.

Tharisa Receivables Turnover Historical Data

The historical data trend for Tharisa'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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Tharisa Receivables Turnover Chart

Tharisa Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Receivables Turnover

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5.04

5.54

6.15

6.20

11.04

Tharisa Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Sep24
Receivables Turnover	Get a 7-Day Free Trial															2.52	2.62	2.61	3.43	-

Competitive Comparison of Tharisa's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Tharisa'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.

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

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

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

Tharisa Receivables Turnover Calculation

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

Tharisa's Receivables Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Receivables Turnover (A: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2024 )	/ (	(Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )
=	545.374	/ (	(52.987	+	45.84)	/	2 )
=	545.374	/	49.4135
=	11.04

Tharisa's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	254.211	/ (	(95.262	+	52.987)	/	2 )
=	254.211	/	74.1245
=	3.43

Tharisa (LSE:THS) 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.

Tharisa Receivables Turnover Related Terms

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Tharisa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tharisa PLC (LSE:THS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

THA:South Africa TIHRF:USA 7YZ:Germany

Address

17 Neophytou Nicolaides and Kilkis Street, Offices 108-110, Sofoklis Pittokopitis Business Centre, Paphos, CYP, 8011

Website

https://www.tharisa.com

Tharisa PLC operates in the mining industry. The company is engaged in mining, producing, selling, and distributing platinum group metals and chrome concentrates at a low cost. It incorporates mining, processing, exploration, and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers. The company's operating segments include PGM; Chrome; Agency and trading and Manufacturing. The PGM segment principally generates revenue from the sale of PGM concentrates. Geographically, majority of revenue is generated from south Africa.