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De Grey Mining (ASX:DEG) Receivables Turnover : 0.01 (As of Dec. 2023)


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What is De Grey Mining 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. De Grey Mining's Revenue for the six months ended in Dec. 2023 was A$0.02 Mil. De Grey Mining's average Accounts Receivable for the six months ended in Dec. 2023 was A$2.42 Mil. Hence, De Grey Mining's Receivables Turnover for the six months ended in Dec. 2023 was 0.01.


De Grey Mining Receivables Turnover Historical Data

The historical data trend for De Grey Mining'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.

De Grey Mining Receivables Turnover Chart

De Grey Mining Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.12 0.08 0.16

De Grey Mining 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.03 0.03 0.03 0.01

Competitive Comparison of De Grey Mining's Receivables Turnover

For the Gold subindustry, De Grey Mining'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.


De Grey Mining's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where De Grey Mining's Receivables Turnover falls into.



De Grey Mining Receivables Turnover Calculation

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

De Grey Mining'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 )
=0.027 / ((0.257 + 0.08) / 2 )
=0.027 / 0.1685
=0.16

De Grey Mining'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 )
=0.019 / ((0.08 + 4.758) / 2 )
=0.019 / 2.419
=0.01

* 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.


De Grey Mining  (ASX:DEG) 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.


De Grey Mining Receivables Turnover Related Terms

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De Grey Mining (ASX:DEG) Business Description

Traded in Other Exchanges
Address
2 Kings Park Road, Ground Level, West Perth, Perth, WA, AUS, 6005
De Grey Mining Ltd is a Western Australian-based mining company that centers on the exploration of base and precious metals. The company's primary focus lies in the Pilbara region on the Mallina Gold Project, which has been found to be prospective for gold mineralization. Geographically, it only operates in Australasia.