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Mincor Resources NL (Mincor Resources NL) Receivables Turnover : 4.03 (As of Dec. 2022)


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What is Mincor Resources NL 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. Mincor Resources NL's Revenue for the six months ended in Dec. 2022 was $28.95 Mil. Mincor Resources NL's average Accounts Receivable for the six months ended in Dec. 2022 was $7.19 Mil. Hence, Mincor Resources NL's Receivables Turnover for the six months ended in Dec. 2022 was 4.03.


Mincor Resources NL Receivables Turnover Historical Data

The historical data trend for Mincor Resources NL'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.

Mincor Resources NL Receivables Turnover Chart

Mincor Resources NL Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 15.04

Mincor Resources NL Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.08 0.06 20.80 4.03

Competitive Comparison of Mincor Resources NL's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Mincor Resources NL'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.


Mincor Resources NL's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mincor Resources NL's Receivables Turnover falls into.



Mincor Resources NL Receivables Turnover Calculation

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

Mincor Resources NL's Receivables Turnover for the fiscal year that ended in Jun. 2022 is calculated as

Receivables Turnover (A: Jun. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2022 ) / ((Accounts Receivable (A: Jun. 2021 ) + Accounts Receivable (A: Jun. 2022 )) / count )
=22.98 / ((0 + 1.528) / 1 )
=22.98 / 1.528
=15.04

Mincor Resources NL's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

Receivables Turnover (Q: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2022 ) / ((Accounts Receivable (Q: Jun. 2022 ) + Accounts Receivable (Q: Dec. 2022 )) / count )
=28.948 / ((1.528 + 12.843) / 2 )
=28.948 / 7.1855
=4.03

* 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.


Mincor Resources NL  (OTCPK:MCRZY) 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.


Mincor Resources NL Receivables Turnover Related Terms

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Mincor Resources NL (Mincor Resources NL) Business Description

Traded in Other Exchanges
N/A
Address
8 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005
Mincor Resources NL is an Australian mining company. The company has two segments namely Kambalda Nickel Operations and Exploration. It operates within the geographical area of Australia.

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