PYX Resources (XNEC:PYX) Receivables Turnover

: 10.07 (As of Dec. 2023)

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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. PYX Resources's Revenue for the six months ended in Dec. 2023 was A$18.97 Mil. PYX Resources's average Accounts Receivable for the six months ended in Dec. 2023 was A$1.89 Mil. Hence, PYX Resources's Receivables Turnover for the six months ended in Dec. 2023 was 10.07.

PYX Resources Receivables Turnover Historical Data

The historical data trend for PYX 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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PYX Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Receivables Turnover

29.42

20.35

20.00

15.60

PYX 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																11.67	15.32	13.23	8.45	10.07

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, PYX 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.

PYX Resources Receivables Turnover Distribution

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

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

PYX Resources Receivables Turnover Calculation

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

PYX Resources's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	33.872	/ (	(2.044	+	2.298)	/	2 )
=	33.872	/	2.171
=	15.60

PYX 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 )
=	18.974	/ (	(1.472	+	2.298)	/	2 )
=	18.974	/	1.885
=	10.07

PYX Resources (XNEC:PYX) 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.

PYX Resources Receivables Turnover Related Terms

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PYX Resources (XNEC:PYX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PYX Resources Ltd (XNEC:PYX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PYX:UK

Address

56 Pitt Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.pyxresources.com

PYX Resources Ltd is engaged in mineral sands exploration and development. The firm has one business segment being the production of mineral sands (including premium zircon, rutile and ilmenite), activities from which it incurs costs and it generates substantial revenue from the same.

PYX Resources (XNEC:PYX) Headlines

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