Sigma Lithium (TSXV:SGML) Receivables Turnover : 1.77 (As of Sep. 2023)

View and export this data going back to 2012. Start your Free Trial

What is Sigma Lithium 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. Sigma Lithium's Revenue for the three months ended in Sep. 2023 was C$129.9 Mil. Sigma Lithium's average Accounts Receivable for the three months ended in Sep. 2023 was C$73.5 Mil. Hence, Sigma Lithium's Receivables Turnover for the three months ended in Sep. 2023 was 1.77.

Sigma Lithium Receivables Turnover Historical Data

The historical data trend for Sigma Lithium'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.

Sigma Lithium Receivables Turnover Chart

Sigma Lithium Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

Get a 7-Day Free Trial

Sigma Lithium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	1.77

Competitive Comparison of Sigma Lithium's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Sigma Lithium'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.

Sigma Lithium's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sigma Lithium's Receivables Turnover falls into.

Sigma Lithium Receivables Turnover Calculation

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

Sigma Lithium'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Sigma Lithium's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	129.925	/ (	(0	+	73.492)	/	1 )
=	129.925	/	73.492
=	1.77

Sigma Lithium (TSXV:SGML) 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.

Sigma Lithium Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Sigma Lithium's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Sigma Lithium (TSXV:SGML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sigma Lithium Corp (TSXV:SGML) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SGML:USA S2GM34:Brazil

Address

Avenida Nove de Julho 4939, 9th Floor, Torre Europa, Itaim, Sao Paulo, SP, BRA, 01407-200

Website

https://www.sigmalithiumresources.com

Sigma Lithium Corp is dedicated to powering the next generation of electric vehicle batteries with environmentally sustainable and high-purity lithium. The company is in construction at its wholly owned Grota do Cirilo Project in Brazil, one of the largest and highest-grade hard rock lithium spodumene deposits in the Americas. It is committed to strong ESG practices and is aiming to be net zero emissions by 2024. Its green-friendly processing plant will use 100% renewable energy, 100% recycled water and 100% dry-stack tailings.