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. Stornoway Diamond's Revenue for the
three
months ended in Jun. 2019 was $142.5 Mil. Stornoway Diamond's average Accounts Receivable for the
three
months ended in Jun. 2019 was $4.5 Mil.
Hence, Stornoway Diamond's Receivables Turnover for the
three
months ended in Jun. 2019 was 31.71.
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.
Stornoway Diamond Receivables Turnover Related Terms
Stornoway Diamond Receivables Turnover Historical Data
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The historical data trend for Stornoway Diamond'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.
SWYDF vs DYNR, CTDT: Receivables Turnover Comparison
For the Other Precious Metals & Mining subindustry, Stornoway Diamond'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.
Stornoway Diamond Receivables Turnover vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Stornoway Diamond's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Stornoway Diamond's Receivables Turnover falls into.
* 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.
Stornoway Diamond (SWYDF) has a Receivables Turnover of 31.71 as of Jun. 2019. The accounts 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. View historical data on Stornoway Diamond and its competitors.
Is Stornoway Diamond's Receivables Turnover too high?
Stornoway Diamond's current Receivables Turnover is 31.71. The Metals & Mining industry median Receivables Turnover is 9.36. Stornoway Diamond's value of 31.71 is 238.8% above this industry median.
How does Stornoway Diamond's Receivables Turnover compare to DYNR and CTDT?
Stornoway Diamond's Receivables Turnover of 31.71 can be compared against companies in the Metals & Mining industry. The industry median Receivables Turnover is 9.36. Stornoway Diamond's value of 31.71 is 238.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Metals & Mining company?
The median Receivables Turnover among Metals & Mining companies is 9.36, based on 780 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Stornoway Diamond's current Receivables Turnover of 31.71 is 238.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Stornoway Diamond and its competitors. For the Metals & Mining industry, the median Receivables Turnover is 9.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stornoway Diamond's current Receivables Turnover is 31.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stornoway Diamond stock overvalued right now?
Stornoway Diamond (SWYDF) has a current Receivables Turnover of 31.71. The current Receivables Turnover is 31.71 and 238.8% above the Metals & Mining industry median of 9.36. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Stornoway Diamond (SWYDF), the current Receivables Turnover is 31.71 as of Jun. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.
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