Fortuna Silver Mines (TSX:FVI) Receivables Turnover : 10.47 (As of Mar. 2024)

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What is Fortuna Silver Mines 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. Fortuna Silver Mines's Revenue for the three months ended in Mar. 2024 was C$304 Mil. Fortuna Silver Mines's average Accounts Receivable for the three months ended in Mar. 2024 was C$29 Mil. Hence, Fortuna Silver Mines's Receivables Turnover for the three months ended in Mar. 2024 was 10.47.

Fortuna Silver Mines Receivables Turnover Historical Data

The historical data trend for Fortuna Silver Mines'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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Fortuna Silver Mines Receivables Turnover Chart

Fortuna Silver Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.25

9.16

23.05

28.27

38.08

Fortuna Silver Mines Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															6.69	6.66	12.23	12.55	10.47

Competitive Comparison of Fortuna Silver Mines's Receivables Turnover

For the Gold subindustry, Fortuna Silver Mines'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.

Fortuna Silver Mines's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Fortuna Silver Mines's Receivables Turnover falls into.

Fortuna Silver Mines Receivables Turnover Calculation

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

Fortuna Silver Mines'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 )
=	1130.201	/ (	(32.573	+	26.792)	/	2 )
=	1130.201	/	29.6825
=	38.08

Fortuna Silver Mines's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	304.491	/ (	(26.792	+	31.36)	/	2 )
=	304.491	/	29.076
=	10.47

Fortuna Silver Mines (TSX:FVI) 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.

Fortuna Silver Mines Receivables Turnover Related Terms

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Fortuna Silver Mines (TSX:FVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortuna Silver Mines Inc (TSX:FVI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FSM:USA F4S:Germany

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.fortunasilver.com

Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d'Ivoire. The company earns revenue from contracts with customers related to its concentrate and dore sales.

Executives

David Whittle

Senior Officer