Ramaco Resources (FRA:5R0) Receivables Turnover : 1.73 (As of Mar. 2024)

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What is Ramaco Resources 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. Ramaco Resources's Revenue for the three months ended in Mar. 2024 was €158.9 Mil. Ramaco Resources's average Accounts Receivable for the three months ended in Mar. 2024 was €92.0 Mil. Hence, Ramaco Resources's Receivables Turnover for the three months ended in Mar. 2024 was 1.73.

Ramaco Resources Receivables Turnover Historical Data

The historical data trend for Ramaco Resources'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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Ramaco Resources Receivables Turnover Chart

Ramaco Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.48

8.16

8.95

13.66

9.96

Ramaco Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.95	2.10	3.07	2.50	1.73

Competitive Comparison of Ramaco Resources's Receivables Turnover

For the Coking Coal subindustry, Ramaco Resources'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.

Ramaco Resources's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ramaco Resources's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ramaco Resources's Receivables Turnover falls into.

Ramaco Resources Receivables Turnover Calculation

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

Ramaco Resources'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 )
=	635.962	/ (	(38.868	+	88.826)	/	2 )
=	635.962	/	63.847
=	9.96

Ramaco Resources'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 )
=	158.862	/ (	(88.826	+	95.256)	/	2 )
=	158.862	/	92.041
=	1.73

Ramaco Resources (FRA:5R0) 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.

Ramaco Resources Receivables Turnover Related Terms

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Ramaco Resources (FRA:5R0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ramaco Resources Inc (FRA:5R0) » Definitions » Receivables Turnover

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METCB:USA METC:USA

Address

250 West Main Street, Suite 1900, Lexington, KY, USA, 40507

Website

https://www.ramacoresources.com

Ramaco Resources Inc is a United States-based company engaged in operating and developing high-quality, low-cost metallurgical coal in southern West Virginia, southwestern Virginia and southwestern Pennsylvania. Its only revenue-generating product is metallurgical coal which is used to make metallurgical coke. This is used as an input in the blast furnace steel-making process. The company's customer base encompasses U.S.-based blast furnace steel mills and U.S.-based coke plants, as well as international metallurgical coal consumers. Ramaco's portfolio comprises of the Elk Creek, Berwind, RAM Mine, and Knox Creek projects.

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