Hudbay Minerals (Hudbay Minerals) Receivables Turnover : 4.63 (As of Dec. 2023)

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What is Hudbay Minerals 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. Hudbay Minerals's Revenue for the three months ended in Dec. 2023 was $602 Mil. Hudbay Minerals's average Accounts Receivable for the three months ended in Dec. 2023 was $130 Mil. Hence, Hudbay Minerals's Receivables Turnover for the three months ended in Dec. 2023 was 4.63.

Hudbay Minerals Receivables Turnover Historical Data

The historical data trend for Hudbay Minerals'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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Hudbay Minerals Receivables Turnover Chart

Hudbay Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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13.06

11.20

10.95

11.66

13.31

Hudbay Minerals Quarterly Data
	Mar19	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															6.52	3.73	5.15	6.99	4.63

Competitive Comparison of Hudbay Minerals's Receivables Turnover

For the Copper subindustry, Hudbay Minerals'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.

Hudbay Minerals's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Hudbay Minerals's Receivables Turnover falls into.

Hudbay Minerals Receivables Turnover Calculation

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

Hudbay Minerals'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 )
=	1690.03	/ (	(84.096	+	169.806)	/	2 )
=	1690.03	/	126.951
=	13.31

Hudbay Minerals'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 )
=	602.189	/ (	(90.508	+	169.806)	/	2 )
=	602.189	/	130.157
=	4.63

Hudbay Minerals (NYSE:HBM) 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.

Hudbay Minerals Receivables Turnover Related Terms

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Hudbay Minerals (Hudbay Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hudbay Minerals Inc (NYSE:HBM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HBM:Peru OCKA:Germany OCKA:Germany HBM:Canada

Address

25 York Street, Suite 800, Toronto, ON, CAN, M5J 2V5

Website

http://www.hudbayminerals.com

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company's revenue is attributable to the copper business. The company sells copper concentrates to smelters across Asia, America, and Europe, and sells Zinc metal, the next biggest source of revenue, to industrial customers across North America.