Fresnillo (MEX:FRES) Receivables Turnover : 4.65 (As of Dec. 2024)

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What is Fresnillo 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. Fresnillo's Revenue for the six months ended in Dec. 2024 was MXN41,881 Mil. Fresnillo's average Accounts Receivable for the six months ended in Dec. 2024 was MXN9,012 Mil. Hence, Fresnillo's Receivables Turnover for the six months ended in Dec. 2024 was 4.65.

Fresnillo Receivables Turnover Historical Data

The historical data trend for Fresnillo'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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Fresnillo Receivables Turnover Chart

Fresnillo Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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9.29

9.28

8.76

8.68

8.74

Fresnillo Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															4.44	4.62	4.72	4.64	4.65

Competitive Comparison of Fresnillo's Receivables Turnover

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

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

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

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

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Fresnillo Receivables Turnover Calculation

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

Fresnillo'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 )
=	72919.557	/ (	(5205.459	+	11488.133)	/	2 )
=	72919.557	/	8346.796
=	8.74

Fresnillo'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: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	41881.019	/ (	(6535.202	+	11488.133)	/	2 )
=	41881.019	/	9011.6675
=	4.65

Fresnillo (MEX:FRES) 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.

Fresnillo Receivables Turnover Related Terms

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Fresnillo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fresnillo PLC (MEX:FRES) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FNLPF:USA FRESl:UK FRES:UK FNL:Germany

Address

Calzada Legaria No. 549, Torre 2, Piso 11, Delegacion Miguel Hidalgo, Mexico, DF, MEX, 11250

Website

http://www.fresnilloplc.com

Fresnillo PLC is a company that specializes in silver mining and is the world's largest gold producer. They have six mines that are divided into seven operating segments. The Fresnillo, Juanicipio, and Saucito mines are some of the world's largest underground silver mines and are located in Zacatecas state. The Cirnega mine, an underground gold mine, is in Durango state. The San Julian mine is an underground silver-gold mine located on the border of Durango states. The Herradura, Soledad-Dipolos, and Noche Buena are open-pit gold mines located in Sonora state. Herradura and Saucito mines generate more than half of the group's revenue.

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