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Diamcor Mining (TSXV:DMI) Receivables Turnover : 0.63 (As of Dec. 2023)


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What is Diamcor 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. Diamcor Mining's Revenue for the three months ended in Dec. 2023 was C$0.05 Mil. Diamcor Mining's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.08 Mil. Hence, Diamcor Mining's Receivables Turnover for the three months ended in Dec. 2023 was 0.63.


Diamcor Mining Receivables Turnover Historical Data

The historical data trend for Diamcor 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.

* Premium members only.

Diamcor Mining Receivables Turnover Chart

Diamcor Mining Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.22 11.09 4.32 17.07 18.05

Diamcor Mining Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.57 3.54 2.03 0.27 0.63

Competitive Comparison of Diamcor Mining's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Diamcor 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.


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

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

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



Diamcor Mining Receivables Turnover Calculation

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

Diamcor Mining's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=7.211 / ((0.49 + 0.309) / 2 )
=7.211 / 0.3995
=18.05

Diamcor Mining'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 )
=0.053 / ((0.156 + 0.011) / 2 )
=0.053 / 0.0835
=0.63

* 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.


Diamcor Mining  (TSXV:DMI) 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.


Diamcor Mining Receivables Turnover Related Terms

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Diamcor Mining (TSXV:DMI) Business Description

Traded in Other Exchanges
Address
1620 Dickson Avenue, Suite 630, Kelowna, BC, CAN, V1Y 9Y2
Diamcor Mining Inc is a mining and exploration company. It is engaged in the identification, acquisition, exploration, evaluation, operation, and advancement of diamond-based resource properties with a specific focus on the mining segment of the diamond industry through its subsidiaries. Some of its projects include Kimberlite, Alluvial / Eluvial, and Tailings processing projects. Geographically, it operates in Canada and South Africa.
Executives
Dean Taylor Director, Senior Officer

Diamcor Mining (TSXV:DMI) Headlines

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