Saipem SpA (Saipem SpA) Receivables Turnover : 1.80 (As of Sep. 2023)

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What is Saipem 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. Saipem SpA's Revenue for the three months ended in Sep. 2023 was $3,219 Mil. Saipem SpA's average Accounts Receivable for the three months ended in Sep. 2023 was $1,791 Mil. Hence, Saipem SpA's Receivables Turnover for the three months ended in Sep. 2023 was 1.80.

Saipem SpA Receivables Turnover Historical Data

The historical data trend for Saipem 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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Saipem SpA Receivables Turnover Chart

Saipem SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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3.89

3.96

3.60

5.49

Saipem SpA Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.17	-	-	1.80	-

Competitive Comparison of Saipem SpA's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Saipem 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.

Saipem SpA's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Saipem SpA's Receivables Turnover distribution charts can be found below:

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

Saipem SpA Receivables Turnover Calculation

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

Saipem 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 )
=	10572.034	/ (	(2075.706	+	1775.424)	/	2 )
=	10572.034	/	1925.565
=	5.49

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

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	3218.783	/ (	(1790.899	+	0)	/	1 )
=	3218.783	/	1790.899
=	1.80

Saipem SpA (OTCPK:SAPMY) 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.

Saipem SpA Receivables Turnover Related Terms

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Saipem SpA (Saipem SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saipem SpA (OTCPK:SAPMY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SAPMF:USA SPM:Italy 0RPI:UK SPEA:Germany SPEA:Germany

Address

Via Luigi Russolo, 5, Milano, ITA, 20138

Website

https://www.saipem.com

Saipem is a conglomerate of oil and gas engineering and construction and drilling services. The company began as the services appendage of oil major Eni, although today Eni as a customer accounts for generally less than 10% of revenue. Saipem is distinguished for leading industry megaprojects like the Nord Stream pipeline carrying large volumes of natural gas from Russia to European markets.

Saipem SpA (Saipem SpA) Headlines

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