LUGDF (Lundin Gold) Receivables Turnover : 2.43 (As of Dec. 2024)

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What is Lundin Gold 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. Lundin Gold's Revenue for the three months ended in Dec. 2024 was $342 Mil. Lundin Gold's average Accounts Receivable for the three months ended in Dec. 2024 was $141 Mil. Hence, Lundin Gold's Receivables Turnover for the three months ended in Dec. 2024 was 2.43.

Lundin Gold Receivables Turnover Historical Data

The historical data trend for Lundin Gold'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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Lundin Gold Receivables Turnover Chart

Lundin Gold Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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6.29

7.74

8.92

10.06

9.58

Lundin Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.99	2.10	2.40	2.54	2.43

Competitive Comparison of Lundin Gold's Receivables Turnover

For the Gold subindustry, Lundin Gold'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.

Lundin Gold's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

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Lundin Gold Receivables Turnover Calculation

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

Lundin Gold's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1193.05	/ (	(93.036	+	155.948)	/	2 )
=	1193.05	/	124.492
=	9.58

Lundin Gold's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	341.791	/ (	(125.849	+	155.948)	/	2 )
=	341.791	/	140.8985
=	2.43

Lundin Gold (OTCPK:LUGDF) 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.

Lundin Gold Receivables Turnover Related Terms

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Lundin Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lundin Gold Inc (OTCPK:LUGDF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

LUG:Sweden LUGs:UK 0R4M:UK F1YN:Germany LUG:Canada

Address

1055 Dunsmuir Street, Suite 2800, Four Bentall Centre, Po Box 49225, Vancouver, BC, CAN, V7X 1L2

Website

https://www.lundingold.com

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.