Circle SpA (MIL:CIRC) Receivables Turnover : 1.01 (As of Jun. 2023)

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What is Circle SpA 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. Circle SpA's Revenue for the six months ended in Jun. 2023 was €6.00 Mil. Circle SpA's average Accounts Receivable for the six months ended in Jun. 2023 was €5.95 Mil. Hence, Circle SpA's Receivables Turnover for the six months ended in Jun. 2023 was 1.01.

Circle SpA Receivables Turnover Historical Data

The historical data trend for Circle SpA'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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Circle SpA Receivables Turnover Chart

Circle SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.01

2.13

2.53

2.02

2.13

Circle SpA Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial										1.26	1.17	0.94	1.01	1.04

Competitive Comparison of Circle SpA's Receivables Turnover

For the Information Technology Services subindustry, Circle SpA'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.

Circle SpA's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Circle SpA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Circle SpA's Receivables Turnover falls into.

Circle SpA Receivables Turnover Calculation

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

Circle SpA's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	9.12	/ (	(3.388	+	5.631)	/	2 )
=	9.12	/	4.5095
=	2.02

Circle SpA's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	6.003	/ (	(5.631	+	6.267)	/	2 )
=	6.003	/	5.949
=	1.01

Circle SpA (MIL:CIRC) 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.

Circle SpA Receivables Turnover Related Terms

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Circle SpA (MIL:CIRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Circle SpA (MIL:CIRC) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Via Bombrini 13/3, Genova, ITA, 16149

Website

https://www.circletouch.eu

Circle SpA is a consultancy company providing process and management consulting services, technological solutions and digital marketing solutions for transport and logistics sector. The company is specialized in the development of automation processes for ports, dry ports, logistics platforms and intermodal operators through Milos-an innovative modular software for the optimization of transport of containers, trailers, vehicles and each type of goods along the supply chain.

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