Danieli & C. Officine Meccaniche SpA (CHIX:DANRM) Receivables Turnover : 2.09 (As of Jun. 2024)

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What is Danieli & C. Officine Meccaniche 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. Danieli & C. Officine Meccaniche SpA's Revenue for the six months ended in Jun. 2024 was €2,277 Mil. Danieli & C. Officine Meccaniche SpA's average Accounts Receivable for the six months ended in Jun. 2024 was €1,088 Mil. Hence, Danieli & C. Officine Meccaniche SpA's Receivables Turnover for the six months ended in Jun. 2024 was 2.09.

Danieli & C. Officine Meccaniche SpA Receivables Turnover Historical Data

The historical data trend for Danieli & C. Officine Meccaniche 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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Danieli & C. Officine Meccaniche SpA Receivables Turnover Chart

Danieli & C. Officine Meccaniche SpA Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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2.39

2.97

3.55

3.68

3.99

Danieli & C. Officine Meccaniche SpA Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															2.05	1.72	2.17	1.85	2.09

Competitive Comparison of Danieli & C. Officine Meccaniche SpA's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Danieli & C. Officine Meccaniche 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.

Danieli & C. Officine Meccaniche SpA's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Danieli & C. Officine Meccaniche SpA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Danieli & C. Officine Meccaniche SpA's Receivables Turnover falls into.

Danieli & C. Officine Meccaniche SpA Receivables Turnover Calculation

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

Danieli & C. Officine Meccaniche SpA's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	4324.978	/ (	(1101.97	+	1068.276)	/	2 )
=	4324.978	/	1085.123
=	3.99

Danieli & C. Officine Meccaniche SpA's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	2277.166	/ (	(1107.829	+	1068.276)	/	2 )
=	2277.166	/	1088.0525
=	2.09

Danieli & C. Officine Meccaniche SpA (CHIX:DANRm) 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.

Danieli & C. Officine Meccaniche SpA Receivables Turnover Related Terms

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Danieli & C. Officine Meccaniche SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Danieli & C. Officine Meccaniche SpA (CHIX:DANRm) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DANR:Italy DAN:Italy DANm:UK 0N4I:UK 0APM:UK DAS:Germany

Address

Via Nazionale 41, Buttrio, Udine, ITA, 33042

Website

https://www.danieli.com

Danieli & C. Officine Meccaniche SpA is an Italy-based company that is engaged in manufacturing and distribution of steel and other nonferrous metal products as well as plant building. The company operates through two segments, namely steelmaking and plant making. The Steelmaking segment manufactures ingots, forged bars, blooms, rolled bars, bar in coils and others. End customers primarily come from the mechanical, automotive, oil & gas, power generation and other sectors. The Plant Making segment designs and builds mines, pellet production plants, furnaces, rolling mills and other various plants and facilities. The company has a global presence, with Europe, Middle East and Far East being the three largest markets for the company.

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