Dundee (TSX:DC.PR.B.PFD) Receivables Turnover : 0.41 (As of Dec. 2023)

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What is Dundee 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. Dundee's Revenue for the three months ended in Dec. 2023 was C$1.45 Mil. Dundee's average Accounts Receivable for the three months ended in Dec. 2023 was C$3.57 Mil. Hence, Dundee's Receivables Turnover for the three months ended in Dec. 2023 was 0.41.

Dundee Receivables Turnover Historical Data

The historical data trend for Dundee'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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Dundee Receivables Turnover Chart

Dundee Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.52

0.48

0.74

1.02

1.40

Dundee Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.33	0.16	0.29	0.81	0.41

Competitive Comparison of Dundee's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Dundee'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.

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

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

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

Dundee Receivables Turnover Calculation

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

Dundee'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 )
=	6.792	/ (	(6.146	+	3.562)	/	2 )
=	6.792	/	4.854
=	1.40

Dundee's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1.453	/ (	(3.568	+	3.562)	/	2 )
=	1.453	/	3.565
=	0.41

Dundee (TSX:DC.PR.B.PFD) 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.

Dundee Receivables Turnover Related Terms

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Dundee (TSX:DC.PR.B.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dundee Corp (TSX:DC.PR.B.PFD) » Definitions » Receivables Turnover

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DDEJF:USA 1DUA:Germany DC.PR.D.PFD:Canada DC.A:Canada

Address

80 Richmond Street West, Suite 2000, Corporate Legal, Toronto, ON, CAN, M5H 2A4

Website

https://www.dundeecorporation.com

Dundee Corp is a public Canadian independent holding company. Through its operating subsidiaries, Dundee is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with more than thirty years of experience making accretive mining investments.

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