Serabi Gold (STU:B9O2) Receivables Turnover : 6.23 (As of Mar. 2024)

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What is Serabi 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. Serabi Gold's Revenue for the three months ended in Mar. 2024 was €18.63 Mil. Serabi Gold's average Accounts Receivable for the three months ended in Mar. 2024 was €2.99 Mil. Hence, Serabi Gold's Receivables Turnover for the three months ended in Mar. 2024 was 6.23.

Serabi Gold Receivables Turnover Historical Data

The historical data trend for Serabi 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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Serabi Gold Receivables Turnover Chart

Serabi Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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80.65

41.47

31.55

15.97

16.20

Serabi Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.20	6.02	8.53	7.73	6.23

Competitive Comparison of Serabi Gold's Receivables Turnover

For the Gold subindustry, Serabi 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.

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

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

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

Serabi Gold Receivables Turnover Calculation

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

Serabi Gold'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 )
=	58.419	/ (	(4.941	+	2.272)	/	2 )
=	58.419	/	3.6065
=	16.20

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

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	18.626	/ (	(2.272	+	3.703)	/	2 )
=	18.626	/	2.9875
=	6.23

Serabi Gold (STU:B9O2) 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.

Serabi Gold Receivables Turnover Related Terms

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Serabi Gold (STU:B9O2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Serabi Gold PLC (STU:B9O2) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SRBIF:USA SRB:UK SBI:Canada

Address

Cobham Park Road, The Long Barn, Downside, Surrey, GBR, KT11 3NE

Website

https://www.serabigold.com

Serabi Gold PLC is a gold exploration and production company. It is involved in the evaluation and development of gold deposits in Brazil. The Group has only one business activity namely the conduct of gold mining and exploration in Brazil. The company has two geographical segments namely Brazil and the UK. It generates maximum revenue from the Brazil region. The company projects include Palito, Sao Chico Gold Mines, Coringa, Jardim do Ouro and Tapajos Regional Exploration. It derives its majority revenue from the sale of gold.

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