Kenmare Resources (LSE:KMR) Receivables Turnover : 1.78 (As of Dec. 2023)

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What is Kenmare 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. Kenmare Resources's Revenue for the six months ended in Dec. 2023 was £170.3 Mil. Kenmare Resources's average Accounts Receivable for the six months ended in Dec. 2023 was £95.7 Mil. Hence, Kenmare Resources's Receivables Turnover for the six months ended in Dec. 2023 was 1.78.

Kenmare Resources Receivables Turnover Historical Data

The historical data trend for Kenmare 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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Kenmare Resources Receivables Turnover Chart

Kenmare Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.77

8.68

10.24

6.35

3.88

Kenmare Resources 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															5.37	3.53	4.24	2.17	1.78

Competitive Comparison of Kenmare Resources's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Kenmare 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.

Kenmare Resources's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

Kenmare Resources Receivables Turnover Calculation

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

Kenmare 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 )
=	362.197	/ (	(86.18	+	100.679)	/	2 )
=	362.197	/	93.4295
=	3.88

Kenmare Resources'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 )
=	170.322	/ (	(90.799	+	100.679)	/	2 )
=	170.322	/	95.739
=	1.78

Kenmare Resources (LSE:KMR) 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.

Kenmare Resources Receivables Turnover Related Terms

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Kenmare Resources (LSE:KMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kenmare Resources PLC (LSE:KMR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

KMRPF:USA KMR:Ireland KMRl:UK JEVA:Germany

Address

Hatch Street Upper, 4th Floor, Styne House, Dublin 2, IRL, D02 DY27

Website

https://www.kenmareresources.com

Kenmare Resources PLC is a mining company. The company operates the Moma Titanium Minerals Mine located on the northern coast of Mozambique. Its product types are ilmenite, zircon, rutile, and concentrates. Concentrates include secondary zircon and mineral sands concentrates. The sale of ilmenite accounts for the majority of its revenue. Its geographical segments are China, Italy, the United States, and the Rest of the world. The company derives a majority of its revenue from China.

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