Next Re SIIQ SpA (MIL:NR) Receivables Turnover : 7.62 (As of Dec. 2023)

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What is Next Re SIIQ 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. Next Re SIIQ SpA's Revenue for the six months ended in Dec. 2023 was €3.29 Mil. Next Re SIIQ SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €0.43 Mil. Hence, Next Re SIIQ SpA's Receivables Turnover for the six months ended in Dec. 2023 was 7.62.

Next Re SIIQ SpA Receivables Turnover Historical Data

The historical data trend for Next Re SIIQ 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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Next Re SIIQ SpA Receivables Turnover Chart

Next Re SIIQ SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.92

10.72

15.95

30.68

58.86

Next Re SIIQ SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															5.36	3.01	5.43	7.91	7.62

Competitive Comparison of Next Re SIIQ SpA's Receivables Turnover

For the Real Estate - Development subindustry, Next Re SIIQ 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.

Next Re SIIQ SpA's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Next Re SIIQ SpA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Next Re SIIQ SpA's Receivables Turnover falls into.

Next Re SIIQ SpA Receivables Turnover Calculation

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

Next Re SIIQ 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 )
=	6.386	/ (	(0.068	+	0.149)	/	2 )
=	6.386	/	0.1085
=	58.86

Next Re SIIQ 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 )
=	3.291	/ (	(0.715	+	0.149)	/	2 )
=	3.291	/	0.432
=	7.62

Next Re SIIQ SpA (MIL:NR) 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.

Next Re SIIQ SpA Receivables Turnover Related Terms

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Next Re SIIQ SpA (MIL:NR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Next Re SIIQ SpA (MIL:NR) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Via Zara, no. 28, Rome, ITA, 00198

Website

https://www.nextresiiq.it

Next Re SIIQ SpA is a real estate company. It is focused on investment in and enhancement of high-quality real estate rental assets located in the main Italian cities and diversified by office and retail segments. The company y manages a portfolio consisting of office, hotel, and commercial properties and is focused on asset classes that are aimed to meet the needs of new patterns and styles of real estate use, which reflect the economy and society's characteristics of access, utility, and experience. The categories engaged to look at Life-cycle Living & Hospitality, Leisure & Wellness, Smart Office Space, and Omnichannel Retail & Distribution.