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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. First Majestic Silver's Revenue for the
three
months ended in Mar. 2026 was C$660 Mil. First Majestic Silver's average Accounts Receivable for the
three
months ended in Mar. 2026 was C$91 Mil.
Hence, First Majestic Silver's Receivables Turnover for the
three
months ended in Mar. 2026 was 7.28.
First Majestic Silver (LTS:0QYC) 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.
First Majestic Silver Receivables Turnover Related Terms
First Majestic Silver Receivables Turnover Historical Data
* Premium members only.
The historical data trend for First Majestic Silver'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.
For the Silver subindustry, First Majestic Silver'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.
First Majestic Silver Receivables Turnover vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Majestic Silver's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where First Majestic Silver's Receivables Turnover falls into.
* 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.
First Majestic Silver (LTS:0QYC) has a Receivables Turnover of 7.28 as of Mar. 2026. The accounts 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. View historical data on First Majestic Silver and its competitors. According to the industry distribution chart, First Majestic Silver ranks #173 out of 779 companies in the Metals & Mining industry, placing it in the top 22.2%.
Is First Majestic Silver's Receivables Turnover too high?
First Majestic Silver's current Receivables Turnover is 7.28. The Metals & Mining industry median Receivables Turnover is 9.43. First Majestic Silver's value of 7.28 is 22.8% below this industry median. Based on the distribution chart, First Majestic Silver ranks #173 out of 779 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, First Majestic Silver has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Majestic Silver's Receivables Turnover compare to EXK?
According to the Metals & Mining industry distribution chart, First Majestic Silver ranks #173 out of 779 companies for Receivables Turnover. This places First Majestic Silver in the top 22% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 9.43. First Majestic Silver's value of 7.28 is 22.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Metals & Mining company?
The median Receivables Turnover among Metals & Mining companies is 9.43, based on 779 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Majestic Silver's current Receivables Turnover of 7.28 is 22.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on First Majestic Silver and its competitors. For the Metals & Mining industry, the median Receivables Turnover is 9.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Majestic Silver's current Receivables Turnover is 7.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Majestic Silver stock overvalued right now?
Based on GuruFocus' analysis, First Majestic Silver (LTS:0QYC) is currently considered Significantly Overvalued. The stock's GF Value™ is C$14.66, compared to a current price of C$23.40 — trading 59.6% above its estimated fair value. The current Receivables Turnover is 7.28 and 22.8% below the Metals & Mining industry median of 9.43. First Majestic Silver's overall GF Score™ is 63/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For First Majestic Silver (LTS:0QYC), the current Receivables Turnover is 7.28 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Majestic Silver (LTS:0QYC) Overvalued in 2026?
Based on GuruFocus' analysis, First Majestic Silver stock appears to be overvalued.
The current stock price of C$23.40 is trading 59.6% above its estimated GF Value™ of C$14.66.
GuruFocus considers First Majestic Silver to be Significantly Overvalued.
Key valuation signals for LTS:0QYC:
Receivables Turnover: 7.28
GF Value™: C$14.66 vs. price of C$23.40 (59.6% above fair value)
Industry Position: 22.8% below the Metals & Mining median (#173 of 779)
No single metric tells the full story. See the LTS:0QYC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Majestic Silver Corp is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. The company owns four producing mines in Mexico, consisting of the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, the Los Gatos Silver Mine, and the La Encantada Silver Mine. It also owns the Jerritt Canyon Gold Mine in Nevada, USA. Additionally, the firm holds interests in the San Martin Silver Mine and the Del Toro Silver Mine, and several exploration-stage projects. The majority of the company's revenues are from the sale of precious metals contained in dore and concentrate form. It generates maximum revenue from the sale of silver, followed by gold, zinc, copper, and other metals.
63GF Score
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