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SilverCrest Metals (SilverCrest Metals) Receivables Turnover : 613.20 (As of Dec. 2023)


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What is SilverCrest Metals 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. SilverCrest Metals's Revenue for the three months ended in Dec. 2023 was $61.3 Mil. SilverCrest Metals's average Accounts Receivable for the three months ended in Dec. 2023 was $0.1 Mil. Hence, SilverCrest Metals's Receivables Turnover for the three months ended in Dec. 2023 was 613.20.


SilverCrest Metals Receivables Turnover Historical Data

The historical data trend for SilverCrest Metals'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.

SilverCrest Metals Receivables Turnover Chart

SilverCrest Metals Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only - - - 325.92 1,673.24

SilverCrest Metals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 63.74 322.13 388.71 569.89 613.20

Competitive Comparison of SilverCrest Metals's Receivables Turnover

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


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

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

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



SilverCrest Metals Receivables Turnover Calculation

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

SilverCrest Metals's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=245.13 / ((0.179 + 0.114) / 2 )
=245.13 / 0.1465
=1,673.24

SilverCrest Metals's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=61.32 / ((0.086 + 0.114) / 2 )
=61.32 / 0.1
=613.20

* 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.


SilverCrest Metals  (AMEX:SILV) 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.


SilverCrest Metals Receivables Turnover Related Terms

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SilverCrest Metals (SilverCrest Metals) Business Description

Traded in Other Exchanges
Address
570 Granville Street, Suite 501, Vancouver, BC, CAN, V6C 3P1
SilverCrest Metals Inc involves in the exploration, development, and extraction of silver and other precious metals. The company's properties include Las Chispas, Cruz de Mayo, and other projects.

SilverCrest Metals (SilverCrest Metals) Headlines