Horizon Minerals (ASX:HRZ) Days Sales Outstanding : 0.00 (As of Dec. 2023)

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What is Horizon Minerals Days Sales Outstanding?

Horizon Minerals's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.45 Mil. Horizon Minerals's Revenue for the six months ended in Dec. 2023 was A$0.00 Mil.

The historical rank and industry rank for Horizon Minerals's Days Sales Outstanding or its related term are showing as below:

ASX:HRZ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.23 Med: 48.3 Max: 3132.51
Current: 3132.51

During the past 13 years, Horizon Minerals's highest Days Sales Outstanding was 3132.51. The lowest was 1.23. And the median was 48.30.

ASX:HRZ's Days Sales Outstanding is ranked worse than
95.18% of 788 companies
in the Metals & Mining industry
Industry Median: 42.45 vs ASX:HRZ: 3132.51

Horizon Minerals's Days Sales Outstanding declined from Dec. 2022 (14,626.07) to Dec. 2023 (0.00).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Horizon Minerals Days Sales Outstanding Historical Data

The historical data trend for Horizon Minerals's Days Sales Outstanding 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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Horizon Minerals Days Sales Outstanding Chart

Horizon Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

Get a 7-Day Free Trial

1.23

8.68

1,023.78

Horizon Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															76.35	184.54	14,626.07	1,698.47	-

Competitive Comparison of Horizon Minerals's Days Sales Outstanding

For the Gold subindustry, Horizon Minerals's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Horizon Minerals's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Horizon Minerals's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Horizon Minerals's Days Sales Outstanding falls into.

Horizon Minerals Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Horizon Minerals's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.093	+	0.367)	/	2 )	/	0.082	*	365
=	0.23					/	0.082	*	365
=	1,023.78

Horizon Minerals's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.367	+	0.535)	/	2 )	/	0	*	365 / 2
=	0.451					/	0	*	365 / 2
=	N/A

Horizon Minerals (ASX:HRZ) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Horizon Minerals Days Sales Outstanding Related Terms

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Horizon Minerals (ASX:HRZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Horizon Minerals Ltd (ASX:HRZ) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

163-167 Stirling Highway, Nedlands, Perth, WA, AUS, 6009

Website

https://www.horizonminerals.com.au

Horizon Minerals Ltd is engaged in the exploration, development, and mining of gold and other mineral resources in Australia. The company projects include the Teal Gold Deposit located in the north-west of Kalgoorlie in Western Australia, Anthill Gold project, Goongarrie gold projects, Binduli gold project, Blister Dam project, Nanadie Well copper-nickel project, and the Richmond vanadium project. Its operating segment includes Vanadium/ Molybdenum and Gold. The company generates maximum revenue from the Gold segment.

Horizon Minerals (ASX:HRZ) Headlines

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