Platinum Group Metals (TSX:PTM) Receivables Turnover : 0.00 (As of Feb. 2024)

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What is Platinum Group Metals 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. Platinum Group Metals's Revenue for the three months ended in Feb. 2024 was C$0.00 Mil. Platinum Group Metals's average Accounts Receivable for the three months ended in Feb. 2024 was C$0.19 Mil.

Platinum Group Metals Receivables Turnover Historical Data

The historical data trend for Platinum Group Metals'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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Platinum Group Metals Receivables Turnover Chart

Platinum Group Metals Annual Data

Trend

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Receivables Turnover

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Platinum Group Metals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
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Competitive Comparison of Platinum Group Metals's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Platinum Group Metals'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.

Platinum Group Metals's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Platinum Group Metals's Receivables Turnover falls into.

Platinum Group Metals Receivables Turnover Calculation

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

Platinum Group Metals's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	0	/ (	(0.493	+	0.29)	/	2 )
=	0	/	0.3915
=	N/A

Platinum Group Metals's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	0	/ (	(0.244	+	0.142)	/	2 )
=	0	/	0.193
=	N/A

Platinum Group Metals (TSX:PTM) 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.

Platinum Group Metals Receivables Turnover Related Terms

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Platinum Group Metals (TSX:PTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Platinum Group Metals Ltd (TSX:PTM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PLG:USA P6MB:Germany

Address

1100 Melville Street, Suite 838, Vancouver, BC, CAN, V6E 4A6

Website

https://www.platinumgroupmetals.net

Platinum Group Metals Ltd is the operator of the Waterberg Project, a bulk underground PGM deposit located in South Africa. Waterberg was discovered by Platinum Group and is being jointly developed with Implats, the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Hanwa Co. Ltd. Waterberg has the potential to be a large-scale, low-cost producer of palladium, platinum, rhodium, and gold. Geographically, it operates in Canada and South Africa.

Executives

Kris Begic

Senior Officer