Sicily By Car SpA (FRA:5LC) Receivables Turnover : 8.01 (As of Dec. 2023)

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What is Sicily By Car 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. Sicily By Car SpA's Revenue for the six months ended in Dec. 2023 was €66.8 Mil. Sicily By Car SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €8.3 Mil. Hence, Sicily By Car SpA's Receivables Turnover for the six months ended in Dec. 2023 was 8.01.

Sicily By Car SpA Receivables Turnover Historical Data

The historical data trend for Sicily By Car 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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Sicily By Car SpA Receivables Turnover Chart

Sicily By Car SpA Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

17.30

40.62

27.16

Sicily By Car SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	15.43	27.05	8.89	8.01

Competitive Comparison of Sicily By Car SpA's Receivables Turnover

For the Rental & Leasing Services subindustry, Sicily By Car 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.

Sicily By Car SpA's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sicily By Car SpA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sicily By Car SpA's Receivables Turnover falls into.

Sicily By Car SpA Receivables Turnover Calculation

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

Sicily By Car 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 )
=	127.307	/ (	(3.152	+	6.224)	/	2 )
=	127.307	/	4.688
=	27.16

Sicily By Car 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 )
=	66.83	/ (	(10.453	+	6.224)	/	2 )
=	66.83	/	8.3385
=	8.01

Sicily By Car SpA (FRA:5LC) 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.

Sicily By Car SpA Receivables Turnover Related Terms

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Sicily By Car SpA (FRA:5LC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sicily By Car SpA (FRA:5LC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SBC:Italy

Address

Via Galileo Galilei, 10H, Bolzano, ITA, 39100

Website

https://www.sicilybycar.it

Sicily By Car SpA operates in the Italian short-term rental market with 55 rental offices directly located at the main Italian airports and cities. The company allows to choose among: Private hire (cheap, compact, medium, standard, convertible, estate and 9-seater cars), Commercial vehicles, Electric car rentals, Boat rental.

Sicily By Car SpA (FRA:5LC) Headlines

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