Neosperience SpA (MIL:NSP) Receivables Turnover : 1.06 (As of Jun. 2023)

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What is Neosperience 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. Neosperience SpA's Revenue for the six months ended in Jun. 2023 was €12.20 Mil. Neosperience SpA's average Accounts Receivable for the six months ended in Jun. 2023 was €11.50 Mil. Hence, Neosperience SpA's Receivables Turnover for the six months ended in Jun. 2023 was 1.06.

Neosperience SpA Receivables Turnover Historical Data

The historical data trend for Neosperience 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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Neosperience SpA Receivables Turnover Chart

Neosperience SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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1.62

1.88

2.21

2.27

2.31

Neosperience SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial									1.08	1.16	1.21	0.87	1.06

Competitive Comparison of Neosperience SpA's Receivables Turnover

For the Software - Application subindustry, Neosperience 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.

Neosperience SpA's Receivables Turnover Distribution in the Software Industry

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

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

Neosperience SpA Receivables Turnover Calculation

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

Neosperience 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 )
=	21.023	/ (	(7.993	+	10.178)	/	2 )
=	21.023	/	9.0855
=	2.31

Neosperience 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 )
=	12.204	/ (	(10.178	+	12.817)	/	2 )
=	12.204	/	11.4975
=	1.06

Neosperience SpA (MIL:NSP) 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.

Neosperience SpA Receivables Turnover Related Terms

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Neosperience SpA (MIL:NSP) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

Y8E:Germany

Address

Via Gaspare Gozzi 1/A, Milan, ITA, 20129

Website

http://www.neosperience.com

Neosperience SpA is an Italy based company involved in providing Digital Customer Experience through its cloud. Its cloud empowers the organisations to understand, engage and delight digital customers by delivering customer-facing, business and conversational app.