Doxee SpA (MIL:DOX) Receivables Turnover : 1.04 (As of Jun. 2023)

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What is Doxee 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. Doxee SpA's Revenue for the six months ended in Jun. 2023 was €12.18 Mil. Doxee SpA's average Accounts Receivable for the six months ended in Jun. 2023 was €11.71 Mil. Hence, Doxee SpA's Receivables Turnover for the six months ended in Jun. 2023 was 1.04.

Doxee SpA Receivables Turnover Historical Data

The historical data trend for Doxee 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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Doxee SpA Receivables Turnover Chart

Doxee SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.74

2.66

2.47

2.43

2.48

Doxee SpA Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								1.52	1.22	1.49	1.04	1.33

Competitive Comparison of Doxee SpA's Receivables Turnover

For the Software - Infrastructure subindustry, Doxee 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.

Doxee SpA's Receivables Turnover Distribution in the Software Industry

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

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

Doxee SpA Receivables Turnover Calculation

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

Doxee 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 )
=	26.27	/ (	(9.83	+	11.812)	/	2 )
=	26.27	/	10.821
=	2.43

Doxee 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 )
=	12.182	/ (	(11.812	+	11.604)	/	2 )
=	12.182	/	11.708
=	1.04

Doxee SpA (MIL:DOX) 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.

Doxee SpA Receivables Turnover Related Terms

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Doxee SpA (MIL:DOX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Viale Virgilio, n. 48 / B, Modena, ITA

Website

https://www.doxee.com

Doxee SpA is an Italian software company. It offers customer communications management, digital customer experience, and dematerialization based on cloud technologies. The company's product lines include Document Experience which consists of the production and distribution of multi-channel and digital document storage; the Paperless Experience line includes electronic billing, standard digital preservation, electronic ordering, and other products; and the Interactive Experience line is engaged in production and distribution of interactive micro-sites and personalized videos. The firm offers products via software, platform, and on-premise form.