Marvel Gold (STU:GR2) Receivables Turnover : 8.00 (As of Jun. 2024)

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What is Marvel 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. Marvel Gold's Revenue for the six months ended in Jun. 2024 was €0.02 Mil. Marvel Gold's average Accounts Receivable for the six months ended in Jun. 2024 was €0.00 Mil. Hence, Marvel Gold's Receivables Turnover for the six months ended in Jun. 2024 was 8.00.

Marvel Gold Receivables Turnover Historical Data

The historical data trend for Marvel 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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Marvel Gold Receivables Turnover Chart

Marvel Gold Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Dec22

Dec23

Receivables Turnover

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Marvel Gold Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial												0.02	-	0.20	-	8.00

Competitive Comparison of Marvel Gold's Receivables Turnover

For the Gold subindustry, Marvel 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.

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

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

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

Marvel Gold Receivables Turnover Calculation

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

Marvel 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 )
=	0	/ (	(0.001	+	0.001)	/	2 )
=	0	/	0.001
=	N/A

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

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	0.024	/ (	(0.001	+	0.005)	/	2 )
=	0.024	/	0.003
=	8.00

Marvel Gold (STU:GR2) 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.

Marvel Gold Receivables Turnover Related Terms

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Marvel Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Marvel Gold Ltd (STU:GR2) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GRXMF:USA GR2:Germany MVL:Australia

Address

130 Hay Street, Level One, Perth, WA, AUS, 6005

Website

https://www.marvelgold.com.au

Marvel Gold Ltd is a Mali-focused gold explorer company with advanced gold exploration projects and extensive landholdings in South and West Mali. The project portfolio of the group includes Tabakorole Gold project, Yanfolila Gold project, and Kolondieba Gold project.

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