Culti Milano SpA (MIL:CULT) Receivables Turnover : 2.51 (As of Dec. 2023)

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What is Culti Milano 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. Culti Milano SpA's Revenue for the six months ended in Dec. 2023 was €11.49 Mil. Culti Milano SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €4.58 Mil. Hence, Culti Milano SpA's Receivables Turnover for the six months ended in Dec. 2023 was 2.51.

Culti Milano SpA Receivables Turnover Historical Data

The historical data trend for Culti Milano 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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Culti Milano SpA Receivables Turnover Chart

Culti Milano SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.93

11.34

14.56

8.28

5.14

Culti Milano SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial										4.53	3.94	3.01	2.56	2.51

Competitive Comparison of Culti Milano SpA's Receivables Turnover

For the Luxury Goods subindustry, Culti Milano 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.

Culti Milano SpA's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Culti Milano SpA's Receivables Turnover distribution charts can be found below:

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

Culti Milano SpA Receivables Turnover Calculation

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

Culti Milano SpA'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 )
=	22.629	/ (	(4.173	+	4.639)	/	2 )
=	22.629	/	4.406
=	5.14

Culti Milano SpA'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	11.487	/ (	(4.526	+	4.639)	/	2 )
=	11.487	/	4.5825
=	2.51

Culti Milano SpA (MIL:CULT) 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.

Culti Milano SpA Receivables Turnover Related Terms

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Culti Milano SpA (MIL:CULT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Culti Milano SpA (MIL:CULT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Santa Sofia 27, Milan, ITA, 20122

Website

http://www.culti.com

Culti Milano SpA develops fragrances, cosmetics and home accessories designed for every area of the house. It offers diffusers, refills, home sprays, candles, complements such as car sachets, home sachets, and leather pochettes.

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