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Poseidon Nickel (ASX:POS) Receivables Turnover : 0.69 (As of Dec. 2023)


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What is Poseidon Nickel 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. Poseidon Nickel's Revenue for the six months ended in Dec. 2023 was A$0.91 Mil. Poseidon Nickel's average Accounts Receivable for the six months ended in Dec. 2023 was A$1.33 Mil. Hence, Poseidon Nickel's Receivables Turnover for the six months ended in Dec. 2023 was 0.69.


Poseidon Nickel Receivables Turnover Historical Data

The historical data trend for Poseidon Nickel'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.

Poseidon Nickel Receivables Turnover Chart

Poseidon Nickel Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Poseidon Nickel 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 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 - - 0.30 - 0.69

Competitive Comparison of Poseidon Nickel's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Poseidon Nickel'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.


Poseidon Nickel's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Poseidon Nickel's Receivables Turnover falls into.



Poseidon Nickel Receivables Turnover Calculation

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

Poseidon Nickel'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 )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

Poseidon Nickel'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 )
=0.912 / ((0 + 1.326) / 1 )
=0.912 / 1.326
=0.69

* 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.


Poseidon Nickel  (ASX:POS) 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.


Poseidon Nickel Receivables Turnover Related Terms

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Poseidon Nickel (ASX:POS) Business Description

Traded in Other Exchanges
Address
3 Ord Street, Level 1, West Perth, Perth, WA, AUS, 6005
Poseidon Nickel Ltd is involved in the exploration, mining, and production of nickel and other minerals. The company's projects include the Lake Johnston Project, Mt Windarra, Black Swan Project and Windarra Gold Tailings project . It has one operating segment, being Nickel and Other Mineral Exploration and Evaluation in Australia.

Poseidon Nickel (ASX:POS) Headlines

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