Barrick Gold (TSX:ABX) Receivables Turnover : 5.36 (As of Sep. 2024)

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What is Barrick 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. Barrick Gold's Revenue for the three months ended in Sep. 2024 was C$4,562 Mil. Barrick Gold's average Accounts Receivable for the three months ended in Sep. 2024 was C$851 Mil. Hence, Barrick Gold's Receivables Turnover for the three months ended in Sep. 2024 was 5.36.

Barrick Gold Receivables Turnover Historical Data

The historical data trend for Barrick 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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Barrick Gold Receivables Turnover Chart

Barrick Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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133.53

75.21

47.26

52.95

52.24

Barrick Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															4.96	7.54	6.12	5.22	5.36

Competitive Comparison of Barrick Gold's Receivables Turnover

For the Gold subindustry, Barrick 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.

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

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

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

Barrick Gold Receivables Turnover Calculation

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

Barrick 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 )
=	15290.215	/ (	(255.398	+	330.034)	/	2 )
=	15290.215	/	292.716
=	52.24

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

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	4562.293	/ (	(775.703	+	926.546)	/	2 )
=	4562.293	/	851.1245
=	5.36

Barrick Gold (TSX:ABX) 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.

Barrick Gold Receivables Turnover Related Terms

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Barrick Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Barrick Gold Corp (TSX:ABX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GOLD:USA ABX:Peru ABX.N:Mexico 0R22:UK ABR:Germany ABR:Germany ABR:Germany ABR:Germany ABR:Bulgaria GOLD:Argentina

Address

161 Bay Street, Brookfield Place, Suite 3700, P.O. Box 212, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1

Website

https://www.barrick.com

Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2023, the firm produced nearly 4.1 million attributable ounces of gold and about 420 million pounds of copper. At year-end 2023, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in 19 countries in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure. Its potential Reko Diq project in Pakistan, if developed, could double copper production by the end of the decade.

Executives

John Steele	Senior Officer
Henri Louis Gonin	Senior Officer
Lois Vaness Wark	Senior Officer
Kevin James Thomson	Senior Officer
Poupak Bahamin	Senior Officer
Graham Patrick Shuttleworth	Senior Officer
Darian Kevin Rich	Senior Officer
Joel James Holliday	Senior Officer
Mark Francis Hill	Senior Officer
Glenn Farley Heard	Senior Officer
Grant Bill Beringer	Senior Officer
Riaan Grobler	Senior Officer
Dennis Mark Bristow	Director, Senior Officer
Simon Peter Bottoms	Senior Officer
Johann Sebastiaan Bock	Senior Officer

Barrick Gold Headlines

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