Tolu Minerals (ASX:TOK) Receivables Turnover : 0.00 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Tolu Minerals 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. Tolu Minerals's Revenue for the six months ended in Dec. 2023 was A$0.00 Mil. Tolu Minerals's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.17 Mil.

Tolu Minerals Receivables Turnover Historical Data

The historical data trend for Tolu Minerals'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.

Tolu Minerals Receivables Turnover Chart

Tolu Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Tolu Minerals Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	-	-	-	-

Competitive Comparison of Tolu Minerals's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Tolu Minerals'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.

Tolu Minerals's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Tolu Minerals's Receivables Turnover falls into.

Tolu Minerals Receivables Turnover Calculation

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

Tolu Minerals'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	/ (	(0.079	+	0.261)	/	2 )
=	0	/	0.17
=	N/A

Tolu Minerals'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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0	/ (	(0.079	+	0.261)	/	2 )
=	0	/	0.17
=	N/A

Tolu Minerals (ASX:TOK) 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.

Tolu Minerals Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Tolu Minerals's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Tolu Minerals (ASX:TOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tolu Minerals Ltd (ASX:TOK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 5, Ground Floor, Turumu Haus, Spring Garden, Gordons, Moresby North East, Port Moresby, PNG, 121

Website

https://www.toluminerals.com

Tolu Minerals Ltd is an emerging exploration company with rights to three significant gold and silver and copper resource opportunities in PNG. Its projects include the Tolukuma Gold Mine, the Tolukuma Gold Mine, and the Mt Penck Tenement.