African Rainbow Minerals (JSE:ARI) Receivables Turnover : 2.71 (As of Dec. 2023)

View and export this data going back to 1944. Start your Free Trial

What is African Rainbow 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. African Rainbow Minerals's Revenue for the six months ended in Dec. 2023 was R5,815 Mil. African Rainbow Minerals's average Accounts Receivable for the six months ended in Dec. 2023 was R2,144 Mil. Hence, African Rainbow Minerals's Receivables Turnover for the six months ended in Dec. 2023 was 2.71.

African Rainbow Minerals Receivables Turnover Historical Data

The historical data trend for African Rainbow 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.

African Rainbow Minerals Receivables Turnover Chart

African Rainbow Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

Get a 7-Day Free Trial

5.56

6.82

52.00

74.69

215.62

African Rainbow Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.34	3.42	3.06	2.08	2.71

Competitive Comparison of African Rainbow Minerals's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, African Rainbow 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.

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

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

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

African Rainbow Minerals Receivables Turnover Calculation

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

African Rainbow Minerals'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 )
=	14662	/ (	(87	+	49)	/	2 )
=	14662	/	68
=	215.62

African Rainbow 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	5815	/ (	(49	+	4239)	/	2 )
=	5815	/	2144
=	2.71

African Rainbow Minerals (JSE:ARI) 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.

African Rainbow Minerals Receivables Turnover Related Terms

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

African Rainbow Minerals (JSE:ARI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Rainbow Minerals Ltd (JSE:ARI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AFBOF:USA EB9:Germany

Address

29 Impala Road, ARM House, Chislehurston, Sandton, GT, ZAF, 2196

Website

https://www.arm.co.za

African Rainbow Minerals Ltd is a South African diversified mining and minerals company. The group has various operating divisions: platinum, ferrous, coal, copper, and corporate. In addition, African Rainbow Minerals has an investment in gold through its shareholding in Harmony. Ferrous is the group's largest division, contributing roughly half of group revenue, closely trailed by the platinum division. The platinum division includes the Two Rivers Platinum Mine as a 51% subsidiary and an interest in the Modikwa Platinum Mine. The ferrous division comprises Assmang as a 50% joint venture, which includes iron ore, manganese, and chrome operations.