Northam Platinum (Northam Platinum) Receivables Turnover : 818.24 (As of Jun. 2021)

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What is Northam Platinum 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. Northam Platinum's Revenue for the six months ended in Jun. 2021 was $1,490.83 Mil. Northam Platinum's average Accounts Receivable for the six months ended in Jun. 2021 was $1.82 Mil. Hence, Northam Platinum's Receivables Turnover for the six months ended in Jun. 2021 was 818.24.

Northam Platinum Receivables Turnover Historical Data

The historical data trend for Northam Platinum'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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Northam Platinum Receivables Turnover Chart

Northam Platinum Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Receivables Turnover

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42.80

29.53

52.56

446.35

1,112.98

Northam Platinum Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Receivables Turnover	Get a 7-Day Free Trial															101.35	204.44	436.45	1,106.12	818.24

Competitive Comparison of Northam Platinum's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Northam Platinum'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.

Northam Platinum's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

Northam Platinum Receivables Turnover Calculation

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

Northam Platinum's Receivables Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Receivables Turnover (A: Jun. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2021 )	/ (	(Accounts Receivable (A: Jun. 2020 )	+	Accounts Receivable (A: Jun. 2021 ))	/	count )
=	2345.05	/ (	(1.007	+	3.207)	/	2 )
=	2345.05	/	2.107
=	1,112.98

Northam Platinum's Receivables Turnover for the quarter that ended in Jun. 2021 is calculated as

	Receivables Turnover (Q: Jun. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2021 )	/ (	(Accounts Receivable (Q: Dec. 2020 )	+	Accounts Receivable (Q: Jun. 2021 ))	/	count )
=	1490.827	/ (	(0.437	+	3.207)	/	2 )
=	1490.827	/	1.822
=	818.24

Northam Platinum (OTCPK:NMPNY) 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.

Northam Platinum Receivables Turnover Related Terms

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Northam Platinum (Northam Platinum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northam Platinum Ltd (OTCPK:NMPNY) » Definitions » Receivables Turnover

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Address

Magwa Crescent West, Building 4, 1st Floor, Maxwell Office Park, Waterfall City, Jukskei View, Johannesburg, GT, ZAF, 2090

Website

https://www.northam.co.za

Northam Platinum Ltd is a producer of platinum group metals, which include platinum, palladium, and rhodium. Northam conducts operations across two main locations in South Africa, Zondereinde and Booysendal, where the mining, concentrating, smelting, and base metals recovery processes occur. The company then outsources its production for refining. The primary consumers of platinum, palladium, and rhodium are from the motor-manufacturing and jewellery industries. Northam sells metals in sponge or ingot form domestically and to overseas markets across Asia, Europe, and North America.

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