Equinox Gold (TSX:EQX) Receivables Turnover : 6.90 (As of Dec. 2023)

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What is Equinox 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. Equinox Gold's Revenue for the three months ended in Dec. 2023 was C$400 Mil. Equinox Gold's average Accounts Receivable for the three months ended in Dec. 2023 was C$58 Mil. Hence, Equinox Gold's Receivables Turnover for the three months ended in Dec. 2023 was 6.90.

Equinox Gold Receivables Turnover Historical Data

The historical data trend for Equinox 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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Equinox Gold Receivables Turnover Chart

Equinox Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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49.23

68.95

88.30

119.59

Equinox Gold 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															6.01	5.42	3.78	4.14	6.90

Competitive Comparison of Equinox Gold's Receivables Turnover

For the Gold subindustry, Equinox 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.

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

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

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

Equinox Gold Receivables Turnover Calculation

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

Equinox 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 )
=	1459.917	/ (	(11.113	+	13.303)	/	2 )
=	1459.917	/	12.208
=	119.59

Equinox Gold'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 )
=	399.516	/ (	(102.507	+	13.303)	/	2 )
=	399.516	/	57.905
=	6.90

Equinox Gold (TSX:EQX) 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.

Equinox Gold Receivables Turnover Related Terms

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Equinox Gold (TSX:EQX) Business Description

Industry

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

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Traded in Other Exchanges

EQX:USA 1LRC:Germany

Address

700 West Pender Street, Suite 1501, Vancouver, BC, CAN, V6C 1G8

Website

https://www.equinoxgold.com

Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration and development of mineral properties, with a focus on gold. Equinox Gold has around seven operating gold mines and a clear plan to increase production by advancing a pipeline of growth projects.