Thor Explorations (LSE:THX) Days Sales Outstanding : 0.11 (As of Dec. 2023)

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What is Thor Explorations Days Sales Outstanding?

Thor Explorations's average Accounts Receivable for the three months ended in Dec. 2023 was £0.0 Mil. Thor Explorations's Revenue for the three months ended in Dec. 2023 was £18.2 Mil. Hence, Thor Explorations's Days Sales Outstanding for the three months ended in Dec. 2023 was 0.11.

The historical rank and industry rank for Thor Explorations's Days Sales Outstanding or its related term are showing as below:

LSE:THX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.09 Med: 0.32 Max: 14.38
Current: 0.11

During the past 13 years, Thor Explorations's highest Days Sales Outstanding was 14.38. The lowest was 0.09. And the median was 0.32.

LSE:THX's Days Sales Outstanding is ranked better than
99.11% of 787 companies
in the Metals & Mining industry
Industry Median: 42.51 vs LSE:THX: 0.11

Thor Explorations's Days Sales Outstanding declined from Dec. 2022 (0.48) to Dec. 2023 (0.11).

Thor Explorations Days Sales Outstanding Historical Data

The historical data trend for Thor Explorations's Days Sales Outstanding 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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Thor Explorations Days Sales Outstanding Chart

Thor Explorations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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14.36

0.31

0.10

Thor Explorations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															0.48	0.14	0.11	0.11	0.11

Competitive Comparison of Thor Explorations's Days Sales Outstanding

For the Gold subindustry, Thor Explorations's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Thor Explorations's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Thor Explorations's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Thor Explorations's Days Sales Outstanding falls into.

Thor Explorations Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Thor Explorations's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.055	+	0.004)	/	2 )	/	111.584	*	365
=	0.0295					/	111.584	*	365
=	0.10

Thor Explorations's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.038	+	0.004)	/	2 )	/	18.168	*	365 / 4
=	0.021					/	18.168	*	365 / 4
=	0.11

Thor Explorations (LSE:THX) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Thor Explorations Days Sales Outstanding Related Terms

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Thor Explorations (LSE:THX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thor Explorations Ltd (LSE:THX) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

THXPF:USA T2X:Germany T2X:Germany THX:Canada

Address

1075 West Georgia Street, Suite 220, Vancouver, BC, CAN, V6EC9

Website

https://www.thorexpl.com

Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria and a 70% interest in the Douta Gold Project located in south-eastern Senegal. It also holds a 100% interest in the Bongui and Legue gold permits located in Hounde greenstone belt, southwest Burkina Faso. It has three reportable segments, the Segilola Mine Project, Exploration Projects, and Corporate.

Thor Explorations (LSE:THX) Headlines

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