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Harmony Gold Mining Co (JSE:HAR) Receivables Turnover : 13.33 (As of Dec. 2023)


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What is Harmony Gold Mining Co 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. Harmony Gold Mining Co's Revenue for the six months ended in Dec. 2023 was R31,415 Mil. Harmony Gold Mining Co's average Accounts Receivable for the six months ended in Dec. 2023 was R2,358 Mil. Hence, Harmony Gold Mining Co's Receivables Turnover for the six months ended in Dec. 2023 was 13.33.


Harmony Gold Mining Co Receivables Turnover Historical Data

The historical data trend for Harmony Gold Mining Co'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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Harmony Gold Mining Co Receivables Turnover Chart

Harmony Gold Mining Co 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 44.30 44.55 53.71 54.64 46.09

Harmony Gold Mining Co 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 16.05 15.96 15.29 13.84 13.33

Competitive Comparison of Harmony Gold Mining Co's Receivables Turnover

For the Gold subindustry, Harmony Gold Mining Co'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.


Harmony Gold Mining Co's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Harmony Gold Mining Co's Receivables Turnover falls into.



Harmony Gold Mining Co Receivables Turnover Calculation

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

Harmony Gold Mining Co'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 )
=49275 / ((710 + 1428) / 2 )
=49275 / 1069
=46.09

Harmony Gold Mining Co'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 )
=31415 / ((1428 + 3287) / 2 )
=31415 / 2357.5
=13.33

* 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.


Harmony Gold Mining Co  (JSE:HAR) 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.


Harmony Gold Mining Co Receivables Turnover Related Terms

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Harmony Gold Mining Co (JSE:HAR) Business Description

Traded in Other Exchanges
Address
Corner Main Reef Road and Ward Avenue, Randfontein Office Park, Randfontein, ZAF, 1759
Harmony Gold Mining Co Ltd is a gold mining and exploration company having operations in South Africa and Papua New Guinea (PNG). Its projects include Bambanani, Joel, Masimong, Phakisa, Target 1, Tshepong, Unisel, Doornkop, and Kusasalethu. The group's segments are Tshepong Operations, Bambanani, Joel, Doornkop, Moab Khotsong, Hidden Valley, Target 1, Kusasalethu, Masimong, Unisel, and all other surface operations.

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