Mineral & Financial Investments (LSE:MAFL) Receivables Turnover : 149.83 (As of Dec. 2023)

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What is Mineral & Financial Investments 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. Mineral & Financial Investments's Revenue for the six months ended in Dec. 2023 was £0.90 Mil. Mineral & Financial Investments's average Accounts Receivable for the six months ended in Dec. 2023 was £0.01 Mil. Hence, Mineral & Financial Investments's Receivables Turnover for the six months ended in Dec. 2023 was 149.83.

Mineral & Financial Investments Receivables Turnover Historical Data

The historical data trend for Mineral & Financial Investments'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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Mineral & Financial Investments Receivables Turnover Chart

Mineral & Financial Investments Annual Data

Trend

Dec12

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Receivables Turnover

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Mineral & Financial Investments Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.57	5.57	67.27	-	149.83

Competitive Comparison of Mineral & Financial Investments's Receivables Turnover

For the Asset Management subindustry, Mineral & Financial Investments'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.

Mineral & Financial Investments's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mineral & Financial Investments's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mineral & Financial Investments's Receivables Turnover falls into.

Mineral & Financial Investments Receivables Turnover Calculation

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

Mineral & Financial Investments'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 )
=	0.119	/ (	(0	+	0)	/	1 )
=	0.119	/	0
=	N/A

Mineral & Financial Investments'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 )
=	0.899	/ (	(0	+	0.006)	/	1 )
=	0.899	/	0.006
=	149.83

Mineral & Financial Investments (LSE:MAFL) 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.

Mineral & Financial Investments Receivables Turnover Related Terms

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Mineral & Financial Investments (LSE:MAFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mineral & Financial Investments Ltd (LSE:MAFL) » Definitions » Receivables Turnover

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Address

One Nexus Way, Camana Bay, Grand Cayman, CYM, KY1-9005

Website

https://www.mineralandfinancial.com

Mineral & Financial Investments Ltd is an investment company, invests in natural resources, minerals, metals, and oil and gas projects. It invests in securities of quoted and unquoted companies and their assets, units in open-ended investment companies, exchange traded funds, physical commodities, derivatives, and other hybrid securities. In addition, the company focuses on providing capital for mining companies that require finance for their projects and also offer advisory services to its investee companies.

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