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Beewize spa (FRA:IA6) Receivables Turnover : 1.19 (As of Dec. 2023)


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What is Beewize 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. Beewize spa's Revenue for the three months ended in Dec. 2023 was €1.30 Mil. Beewize spa's average Accounts Receivable for the three months ended in Dec. 2023 was €1.09 Mil. Hence, Beewize spa's Receivables Turnover for the three months ended in Dec. 2023 was 1.19.


Beewize spa Receivables Turnover Historical Data

The historical data trend for Beewize 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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Beewize spa Receivables Turnover Chart

Beewize spa Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.13 3.13 3.37 3.74 4.35

Beewize spa Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.21 0.89 0.69 1.06 1.19

Competitive Comparison of Beewize spa's Receivables Turnover

For the Information Technology Services subindustry, Beewize 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.


Beewize spa's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Beewize spa's Receivables Turnover falls into.



Beewize spa Receivables Turnover Calculation

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

Beewize 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 )
=5.278 / ((1.395 + 1.029) / 2 )
=5.278 / 1.212
=4.35

Beewize 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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=1.301 / ((1.156 + 1.029) / 2 )
=1.301 / 1.0925
=1.19

* 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.


Beewize spa  (FRA:IA6) 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.


Beewize spa Receivables Turnover Related Terms

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Beewize spa (FRA:IA6) Business Description

Traded in Other Exchanges
Address
Viale Edoardo Jenner 53, Milan, ITA, 20159
Beewize spa is active in the digital transformation business sector, integrating a full-service offer of digital transformation services, data-driven marketing, communication, and IoT platforms with infrastructure design for smart cities and integrated telecommunications networks.

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