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Freehill Mining (ASX:FHS) Receivables Turnover : 0.27 (As of Dec. 2023)


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What is Freehill 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. Freehill Mining's Revenue for the six months ended in Dec. 2023 was A$0.20 Mil. Freehill Mining's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.74 Mil. Hence, Freehill Mining's Receivables Turnover for the six months ended in Dec. 2023 was 0.27.


Freehill Mining Receivables Turnover Historical Data

The historical data trend for Freehill 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.

Freehill Mining Receivables Turnover Chart

Freehill Mining Annual Data
Trend Jun13 Jun14 Jun15 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Freehill Mining Semi-Annual Data
Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 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 - - 0.27 0.02 0.27

Competitive Comparison of Freehill Mining's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Freehill 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.


Freehill Mining's Receivables Turnover Distribution in the Metals & Mining Industry

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

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



Freehill Mining Receivables Turnover Calculation

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

Freehill 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 )
=0.113 / ((0 + 0) / 1 )
=0.113 / 0
=N/A

Freehill 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 )
=0.198 / ((0 + 0.735) / 1 )
=0.198 / 0.735
=0.27

* 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.


Freehill Mining  (ASX:FHS) 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.


Freehill Mining Receivables Turnover Related Terms

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Freehill Mining (ASX:FHS) Business Description

Traded in Other Exchanges
N/A
Address
570 Bourke Street, Level 24, Melbourne, VIC, AUS, 3000
Freehill Mining Ltd is a mining and exploration company with a focus on iron ore (magnetite), copper and gold resources in Chile. It holds an interest in the Yerbas Buenas magnetite project located in Chile.

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