SYAXF (Sayona Mining) Receivables Turnover : 4.22 (As of Jun. 2024)

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What is Sayona Mining 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. Sayona Mining's Revenue for the six months ended in Jun. 2024 was $54.5 Mil. Sayona Mining's average Accounts Receivable for the six months ended in Jun. 2024 was $12.9 Mil. Hence, Sayona Mining's Receivables Turnover for the six months ended in Jun. 2024 was 4.22.

Sayona Mining Receivables Turnover Historical Data

The historical data trend for Sayona Mining'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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Sayona Mining Receivables Turnover Chart

Sayona Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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42.81

Sayona Mining Semi-Annual Data
	Dec14	Jun15	Dec15	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															-	0.06	-	8.02	4.22

Competitive Comparison of Sayona Mining's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Sayona Mining'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.

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

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

* The bar in red indicates where Sayona Mining's Receivables Turnover falls into.

Sayona Mining Receivables Turnover Calculation

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

Sayona Mining's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	133.382	/ (	(0.117	+	6.114)	/	2 )
=	133.382	/	3.1155
=	42.81

Sayona Mining'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 )
=	54.509	/ (	(19.712	+	6.114)	/	2 )
=	54.509	/	12.913
=	4.22

Sayona Mining (OTCPK:SYAXF) 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.

Sayona Mining Receivables Turnover Related Terms

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Sayona Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sayona Mining Ltd (OTCPK:SYAXF) » Definitions » Receivables Turnover

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DML:Germany SYA:Australia

Address

10 Eagle Street, Level 28, Brisbane, QLD, AUS, 4000

Website

https://www.sayonamining.com.au

Sayona Mining Ltd is a mineral exploration and development company. The principal activity of the company is the identification, acquisition, and evaluation of mineral exploration assets, focusing on lithium and graphite. The company's primary focus is the development of the advanced-stage Authier lithium project in Quebec, Canada. It also holds interests in the East Kimberley Graphite Project and the West Australian Lithium Project. The company's reportable segments are Australian operations, Canadian operations, and Corporate.