Minto Metals (TSXV:MNTO) Receivables Turnover : 2.48 (As of Dec. 2022)

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What is Minto Metals 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. Minto Metals's Revenue for the three months ended in Dec. 2022 was C$32.6 Mil. Minto Metals's average Accounts Receivable for the three months ended in Dec. 2022 was C$13.1 Mil. Hence, Minto Metals's Receivables Turnover for the three months ended in Dec. 2022 was 2.48.

Minto Metals Receivables Turnover Historical Data

The historical data trend for Minto Metals'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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Minto Metals Receivables Turnover Chart

Minto Metals Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

13.31

10.79

8.75

Minto Metals Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Receivables Turnover	Get a 7-Day Free Trial				4.82	2.58	1.79	2.83	2.48

Competitive Comparison of Minto Metals's Receivables Turnover

For the Copper subindustry, Minto Metals'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.

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

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

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

Minto Metals Receivables Turnover Calculation

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

Minto Metals's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	153.159	/ (	(19.608	+	15.407)	/	2 )
=	153.159	/	17.5075
=	8.75

Minto Metals's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	32.588	/ (	(10.866	+	15.407)	/	2 )
=	32.588	/	13.1365
=	2.48

Minto Metals (TSXV:MNTO) 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.

Minto Metals Receivables Turnover Related Terms

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Minto Metals (TSXV:MNTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minto Metals Corp (TSXV:MNTO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 Wasson Place, Whitehorse, YT, CAN, Y1A 0H7

Website

https://www.mintometals.com

Minto Metals Corp operates in the mining industry. The company's current mine operations are based on underground mining, a process plant to produce high-grade copper, gold and silver concentrate. The group is performing its mining and milling activities from the Copper Keel ore body. It has one segment for reporting which is the operations at the Company's Canadian Mine location.

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