Tasman Resources (Tasman Resources) Receivables Turnover : 3.38 (As of Dec. 2023)

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What is Tasman Resources 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. Tasman Resources's Revenue for the six months ended in Dec. 2023 was $0.59 Mil. Tasman Resources's average Accounts Receivable for the six months ended in Dec. 2023 was $0.18 Mil. Hence, Tasman Resources's Receivables Turnover for the six months ended in Dec. 2023 was 3.38.

Tasman Resources Receivables Turnover Historical Data

The historical data trend for Tasman Resources'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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Tasman Resources Receivables Turnover Chart

Tasman Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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6.99

6.48

6.69

5.99

8.99

Tasman Resources 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															3.89	3.73	5.02	4.32	3.38

Competitive Comparison of Tasman Resources's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Tasman Resources'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.

Tasman Resources's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Tasman Resources's Receivables Turnover falls into.

Tasman Resources Receivables Turnover Calculation

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

Tasman Resources'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 )
=	3.155	/ (	(0.515	+	0.187)	/	2 )
=	3.155	/	0.351
=	8.99

Tasman Resources'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 )
=	0.594	/ (	(0.187	+	0.164)	/	2 )
=	0.594	/	0.1755
=	3.38

Tasman Resources (OTCPK:TASEF) 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.

Tasman Resources Receivables Turnover Related Terms

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Tasman Resources (Tasman Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tasman Resources Ltd (OTCPK:TASEF) » Definitions » Receivables Turnover

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TAS:Australia

Address

197 St Georges Terrace, Level 15, Perth, WA, AUS, 6000

Website

https://www.tasmanresources.com.au

Tasman Resources Ltd is an Australian exploration company. The company is focusing on exploration projects with the potential to deposit a wide range of precious and base metals including gold, silver, copper, zinc, nickel, and uranium. Its projects are Lake Torrens Project, Pernatty Project and Vulcan prospect. The company's segments include Tasman Resources Ltd and Eden Innovations. It generates maximum revenue from the Eden Innovations segment.