W Resources (W Resources) Receivables Turnover : 0.52 (As of Jun. 2021)

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What is W 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. W Resources's Revenue for the six months ended in Jun. 2021 was $2.37 Mil. W Resources's average Accounts Receivable for the six months ended in Jun. 2021 was $4.55 Mil. Hence, W Resources's Receivables Turnover for the six months ended in Jun. 2021 was 0.52.

W Resources Receivables Turnover Historical Data

The historical data trend for W 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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W Resources Receivables Turnover Chart

W Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

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10.15

11.92

W Resources Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Receivables Turnover	Get a 7-Day Free Trial															0.05	0.02	0.32	0.48	0.52

Competitive Comparison of W Resources's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, W 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.

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

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

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

W Resources Receivables Turnover Calculation

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

W Resources's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	3.057	/ (	(0.04	+	0.473)	/	2 )
=	3.057	/	0.2565
=	11.92

W Resources's Receivables Turnover for the quarter that ended in Jun. 2021 is calculated as

	Receivables Turnover (Q: Jun. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2021 )	/ (	(Accounts Receivable (Q: Dec. 2020 )	+	Accounts Receivable (Q: Jun. 2021 ))	/	count )
=	2.37	/ (	(0.473	+	8.623)	/	2 )
=	2.37	/	4.548
=	0.52

W Resources (OTCPK:WREOF) 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.

W Resources Receivables Turnover Related Terms

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W Resources (W Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » W Resources PLC (OTCPK:WREOF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

27/28 Eastcastle Street, London, GBR, W1W 8DH

Website

http://www.wresources.com

W Resources PLC is a European mining company, which focuses on delivering long-term production of tungsten. The company is engaged in the production, exploration, and development of tungsten, copper and gold properties. It operates through Mineral Exploration and Corporate segment. The company explores various projects in Spain and Portugal which include La Parrilla in Spain, Regua and Tarouca in Portugal; the CAA Portalegre gold/copper project in Portugal and the Monforte-Tinoca copper project in Portugal. It derives revenue from the Iberia region.

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