Sierra Rutile Holdings (ASX:SRX) Receivables Turnover : 1.32 (As of Dec. 2023)

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What is Sierra Rutile Holdings 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. Sierra Rutile Holdings's Revenue for the six months ended in Dec. 2023 was A$100.7 Mil. Sierra Rutile Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$76.2 Mil. Hence, Sierra Rutile Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 1.32.

Sierra Rutile Holdings Receivables Turnover Historical Data

The historical data trend for Sierra Rutile Holdings'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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Sierra Rutile Holdings Receivables Turnover Chart

Sierra Rutile Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

6.47

4.50

Sierra Rutile Holdings Semi-Annual Data
	Dec22	Jun23	Dec23
Receivables Turnover	-	2.20	1.32

Competitive Comparison of Sierra Rutile Holdings's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Sierra Rutile Holdings'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.

Sierra Rutile Holdings's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sierra Rutile Holdings's Receivables Turnover falls into.

Sierra Rutile Holdings Receivables Turnover Calculation

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

Sierra Rutile Holdings'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 )
=	263.394	/ (	(55.984	+	61.118)	/	2 )
=	263.394	/	58.551
=	4.50

Sierra Rutile Holdings'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 )
=	100.712	/ (	(91.249	+	61.118)	/	2 )
=	100.712	/	76.1835
=	1.32

Sierra Rutile Holdings (ASX:SRX) 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.

Sierra Rutile Holdings Receivables Turnover Related Terms

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Sierra Rutile Holdings (ASX:SRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sierra Rutile Holdings Ltd (ASX:SRX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SRRHF:USA

Address

225 Saint Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.sierra-rutile.com

Sierra Rutile Holdings Ltd is a multi-mine operation straddling the Bonthe and Moyamba districts in southern Sierra Leone. It offers Titanium Dioxide Feedstocks, Standard Grade Rutile (SGR). Industrial Grade Rutile (IGR), High-grade ilmenite, and Zircon-in-concentrate (ZIC). Sierra Rutile's primary products serve end-use applications namely Pigment; Metal; and Welding end-use applications.

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