Sailfish Royalty (TSXV:FISH) Receivables Turnover : 19.02 (As of Mar. 2024)

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What is Sailfish Royalty 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. Sailfish Royalty's Revenue for the three months ended in Mar. 2024 was C$0.49 Mil. Sailfish Royalty's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.03 Mil. Hence, Sailfish Royalty's Receivables Turnover for the three months ended in Mar. 2024 was 19.02.

Sailfish Royalty Receivables Turnover Historical Data

The historical data trend for Sailfish Royalty'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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Sailfish Royalty Receivables Turnover Chart

Sailfish Royalty Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.11

1.10

29.05

231.94

130.42

Sailfish Royalty Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															52.46	59.68	27.32	33.00	19.02

Competitive Comparison of Sailfish Royalty's Receivables Turnover

For the Gold subindustry, Sailfish Royalty'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.

Sailfish Royalty's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sailfish Royalty's Receivables Turnover falls into.

Sailfish Royalty Receivables Turnover Calculation

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

Sailfish Royalty'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 )
=	3.13	/ (	(0.016	+	0.032)	/	2 )
=	3.13	/	0.024
=	130.42

Sailfish Royalty's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0.485	/ (	(0.032	+	0.019)	/	2 )
=	0.485	/	0.0255
=	19.02

Sailfish Royalty (TSXV:FISH) 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.

Sailfish Royalty Receivables Turnover Related Terms

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Sailfish Royalty (TSXV:FISH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sailfish Royalty Corp (TSXV:FISH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SROYF:USA

Address

Sea Meadow House, PO Box 116, Tortola, Road Town, VGB, VG1110

Website

https://www.sailfishroyalty.com

Sailfish Royalty Corp is engaged in the acquisition of royalty and streaming agreements. The company's portfolio has two main assets on stage projects in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold project and a 2% NSR on the rest of the area surrounding San Albino in northern Nicaragua; and an up to 3% NSR on the Spring Valley gold project in Pershing County, Nevada.

Executives

Asheef Lalani

Director

Sailfish Royalty (TSXV:FISH) Headlines

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