Forrestania Resources (ASX:FRS) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is Forrestania Resources 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. Forrestania Resources's Revenue for the six months ended in Dec. 2023 was A$0.00 Mil. Forrestania Resources's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.06 Mil.

Forrestania Resources Receivables Turnover Historical Data

The historical data trend for Forrestania 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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Forrestania Resources Receivables Turnover Chart

Forrestania Resources Annual Data

Trend

Jun22

Jun23

Receivables Turnover

Forrestania Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	-	-	-	-

Competitive Comparison of Forrestania Resources's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Forrestania 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.

Forrestania Resources's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

Forrestania Resources Receivables Turnover Calculation

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

Forrestania Resources'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

Forrestania 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 )
=	0	/ (	(0	+	0.062)	/	1 )
=	0	/	0.062
=	N/A

Forrestania Resources (ASX:FRS) 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.

Forrestania Resources Receivables Turnover Related Terms

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Forrestania Resources (ASX:FRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forrestania Resources Ltd (ASX:FRS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

38 Colin Street, Suite 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.forrestaniaresources.com.au

Forrestania Resources Ltd is a mineral exploration and development company. It explores gold, lithium, and other minerals. Its projects include the Forrestania project; Southern Cross Project and Leonora. Leonora's project includes soil sampling programs at bounty east and great southern.

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