Mount Gibson Iron (ASX:MGX) Receivables Turnover : 11.89 (As of Dec. 2023)

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What is Mount Gibson Iron 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. Mount Gibson Iron's Revenue for the six months ended in Dec. 2023 was A$404.1 Mil. Mount Gibson Iron's average Accounts Receivable for the six months ended in Dec. 2023 was A$34.0 Mil. Hence, Mount Gibson Iron's Receivables Turnover for the six months ended in Dec. 2023 was 11.89.

Mount Gibson Iron Receivables Turnover Historical Data

The historical data trend for Mount Gibson Iron'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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Mount Gibson Iron Receivables Turnover Chart

Mount Gibson Iron Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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15.59

23.18

33.47

48.98

388.07

Mount Gibson Iron Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															5.85	22.97	5.50	12.06	11.89

Competitive Comparison of Mount Gibson Iron's Receivables Turnover

For the Steel subindustry, Mount Gibson Iron'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.

Mount Gibson Iron's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mount Gibson Iron's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mount Gibson Iron's Receivables Turnover falls into.

Mount Gibson Iron Receivables Turnover Calculation

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

Mount Gibson Iron's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	452.685	/ (	(1.807	+	0.526)	/	2 )
=	452.685	/	1.1665
=	388.07

Mount Gibson Iron'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	404.137	/ (	(0.526	+	67.441)	/	2 )
=	404.137	/	33.9835
=	11.89

Mount Gibson Iron (ASX:MGX) 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.

Mount Gibson Iron Receivables Turnover Related Terms

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Mount Gibson Iron (ASX:MGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mount Gibson Iron Ltd (ASX:MGX) » Definitions » Receivables Turnover

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MTGRY:USA MTGRF:USA

Address

2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mtgibsoniron.com.au

Mount Gibson Iron Ltd is a Western Australia-based iron ore mining company. The activities of the company involve mining, processing and direct shipment of hematite iron ore at the Koolan Island mine site in the Kimberley region of Western Australia; care and maintenance of the Shine hematite iron ore site and related infrastructure, rehabilitation works at the Extension Hill mine site and management of the Geraldton Port facilities in the Mid-West region of Western Australia; treasury management; and the pursuit of mineral resources acquisitions and investments. The company operates into two segments: Mid-West segment and Koolan Island segment. The company derives the majority of its revenue from Koolan Island.