Argent Minerals (ASX:ARD) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is Argent Minerals 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. Argent Minerals's Revenue for the six months ended in Dec. 2023 was A$0.00 Mil. Argent Minerals's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.05 Mil.

Argent Minerals Receivables Turnover Historical Data

The historical data trend for Argent Minerals'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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Argent Minerals Receivables Turnover Chart

Argent Minerals Annual Data

Trend

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Receivables Turnover

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Argent Minerals 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															-	-	-	-	-

Competitive Comparison of Argent Minerals's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Argent Minerals'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.

Argent Minerals's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Argent Minerals's Receivables Turnover falls into.

Argent Minerals Receivables Turnover Calculation

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

Argent Minerals'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Argent Minerals'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	/ (	(0	+	0.047)	/	1 )
=	0	/	0.047
=	N/A

Argent Minerals (ASX:ARD) 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.

Argent Minerals Receivables Turnover Related Terms

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Argent Minerals (ASX:ARD) Business Description

Industry

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ARDNF:USA

Address

7 Havelock Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.argentminerals.com.au

Argent Minerals Ltd is a mineral exploration company. It is engaged in the exploration of silver, lead, copper, zinc, and gold deposits in Australia. The company's project consists of Kempfield Polymetallic Project, West Wyalong, Pine Ridge Gold Mine, and Trunkey Creek Project.