Elemental Altus Royalties (TSXV:ELE) Receivables Turnover : 2.30 (As of Dec. 2023)

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What is Elemental Altus Royalties 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. Elemental Altus Royalties's Revenue for the three months ended in Dec. 2023 was C$5.31 Mil. Elemental Altus Royalties's average Accounts Receivable for the three months ended in Dec. 2023 was C$2.31 Mil. Hence, Elemental Altus Royalties's Receivables Turnover for the three months ended in Dec. 2023 was 2.30.

Elemental Altus Royalties Receivables Turnover Historical Data

The historical data trend for Elemental Altus Royalties'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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Elemental Altus Royalties Receivables Turnover Chart

Elemental Altus Royalties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

225.78

6.74

Elemental Altus Royalties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial														60.26	65.62	109.65	804.50	2.30

Competitive Comparison of Elemental Altus Royalties's Receivables Turnover

For the Gold subindustry, Elemental Altus Royalties'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.

Elemental Altus Royalties's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Elemental Altus Royalties's Receivables Turnover falls into.

Elemental Altus Royalties Receivables Turnover Calculation

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

Elemental Altus Royalties'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 )
=	15.756	/ (	(0.058	+	4.616)	/	2 )
=	15.756	/	2.337
=	6.74

Elemental Altus Royalties'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	5.313	/ (	(0.004	+	4.616)	/	2 )
=	5.313	/	2.31
=	2.30

Elemental Altus Royalties (TSXV:ELE) 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.

Elemental Altus Royalties Receivables Turnover Related Terms

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Elemental Altus Royalties (TSXV:ELE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elemental Altus Royalties Corp (TSXV:ELE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ELEMF:USA T8S:Germany

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.elementalaltus.com

Elemental Altus Royalties Corp is a mining royalty company. Its asset portfolio includes Wahgnion, Kwale, MT Pleasant, Panton Sill, and Amancaya among others.

Executives

David Christopher Baker	Senior Officer
Frederick Augustus Ronald Peter Mcmillan Bell	Director, Senior Officer

Elemental Altus Royalties (TSXV:ELE) Headlines

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