Haranga Resources (ASX:HAR) Receivables Turnover : 0.00 (As of Jun. 2023)

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What is Haranga 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. Haranga Resources's Revenue for the six months ended in Jun. 2023 was A$0.00 Mil. Haranga Resources's average Accounts Receivable for the six months ended in Jun. 2023 was A$0.02 Mil.

Haranga Resources Receivables Turnover Historical Data

The historical data trend for Haranga 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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Haranga Resources Receivables Turnover Chart

Haranga Resources Annual Data

Trend

Dec22

Dec23

Receivables Turnover

Haranga Resources Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	-	-	-	-

Competitive Comparison of Haranga Resources's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Haranga 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.

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

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

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

Haranga Resources Receivables Turnover Calculation

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

Haranga Resources's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	0	/ (	(0.023	+	0.03)	/	2 )
=	0	/	0.0265
=	N/A

Haranga Resources's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0	/ (	(0.023	+	0.007)	/	2 )
=	0	/	0.015
=	N/A

Haranga Resources (ASX:HAR) 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.

Haranga Resources Receivables Turnover Related Terms

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Haranga Resources (ASX:HAR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

65E0:Germany

Address

63 Shepperton Road, Suite 7, Victoria Park, WA, AUS, 6100

Website

https://www.haranga.com

Haranga Resources Ltd is engaged in exploring gold and uranium assets in West Africa. Its project portfolio includes Issia Gold Project, Burkina Faso, Uranium Today, and Saraya Uranium Project.

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