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Lynas Rare Earths (LTS:0A2N) Receivables Turnover : 5.24 (As of Dec. 2023)


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What is Lynas Rare Earths 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. Lynas Rare Earths's Revenue for the six months ended in Dec. 2023 was A$237.1 Mil. Lynas Rare Earths's average Accounts Receivable for the six months ended in Dec. 2023 was A$45.2 Mil. Hence, Lynas Rare Earths's Receivables Turnover for the six months ended in Dec. 2023 was 5.24.


Lynas Rare Earths Receivables Turnover Historical Data

The historical data trend for Lynas Rare Earths'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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Lynas Rare Earths Receivables Turnover Chart

Lynas Rare Earths Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.21 56.51 42.87 14.05 10.18

Lynas Rare Earths 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.01 5.61 3.73 5.55 5.24

Competitive Comparison of Lynas Rare Earths's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Lynas Rare Earths'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.


Lynas Rare Earths's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Lynas Rare Earths's Receivables Turnover falls into.



Lynas Rare Earths Receivables Turnover Calculation

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

Lynas Rare Earths'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 )
=787.123 / ((105.382 + 49.192) / 2 )
=787.123 / 77.287
=10.18

Lynas Rare Earths'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 )
=237.064 / ((49.192 + 41.238) / 2 )
=237.064 / 45.215
=5.24

* 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.


Lynas Rare Earths  (LTS:0A2N) 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.


Lynas Rare Earths Receivables Turnover Related Terms

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Lynas Rare Earths (LTS:0A2N) Business Description

Traded in Other Exchanges
Address
1 Howard Street, Level 4, Perth, WA, AUS, 6000
Lynas Rare Earths Ltd is an Australian firm. It operates in a single segment and is engaged in integrated extraction and processing of Rare Earth minerals, in Australia and Malaysia; and the Development of Rare Earth deposits. It is focused on the Kalgoorlie project.

Lynas Rare Earths (LTS:0A2N) Headlines

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