Italcementi SpA (Italcementi SpA) Receivables Turnover : 1.91 (As of Jun. 2016)

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What is Italcementi 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. Italcementi SpA's Revenue for the three months ended in Jun. 2016 was $1,156 Mil. Italcementi SpA's average Accounts Receivable for the three months ended in Jun. 2016 was $606 Mil. Hence, Italcementi SpA's Receivables Turnover for the three months ended in Jun. 2016 was 1.91.

Italcementi SpA Receivables Turnover Historical Data

The historical data trend for Italcementi 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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Italcementi SpA Receivables Turnover Chart

Italcementi SpA Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Receivables Turnover

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5.87

5.64

6.23

6.12

6.76

Italcementi SpA Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Jun16
Receivables Turnover	Get a 7-Day Free Trial															1.37	1.73	1.55	1.94	1.91

Competitive Comparison of Italcementi SpA's Receivables Turnover

For the Building Materials subindustry, Italcementi 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.

Italcementi SpA's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Italcementi SpA's Receivables Turnover distribution charts can be found below:

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

Italcementi SpA Receivables Turnover Calculation

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

Italcementi SpA's Receivables Turnover for the fiscal year that ended in Dec. 2015 is calculated as

	Receivables Turnover (A: Dec. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2015 )	/ (	(Accounts Receivable (A: Dec. 2014 )	+	Accounts Receivable (A: Dec. 2015 ))	/	count )
=	4719.033	/ (	(783.793	+	612.758)	/	2 )
=	4719.033	/	698.2755
=	6.76

Italcementi SpA's Receivables Turnover for the quarter that ended in Jun. 2016 is calculated as

	Receivables Turnover (Q: Jun. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2016 )	/ (	(Accounts Receivable (Q: Dec. 2015 )	+	Accounts Receivable (Q: Jun. 2016 ))	/	count )
=	1156.363	/ (	(612.758	+	598.633)	/	2 )
=	1156.363	/	605.6955
=	1.91

Italcementi SpA (OTCPK:ITAMF) 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.

Italcementi SpA Receivables Turnover Related Terms

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Italcementi SpA (Italcementi SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Italcementi SpA (OTCPK:ITAMF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Website

http://www.italcementigroup.com

Italcementi SpA was incorporated in 1864. It is a cement manufacturing company. The Company engages in manufacturing and distributing of three main product lines, including cement, aggregates, and ready mixed concrete. The Company's business segments are operations relating to the production and sale of cement and clinker; operations relating to construction materials: ready mixed concrete and aggregates and other operations such as: transport, engineering, e-business and energy. The Company operates its business in Albania, Belgium, Bulgaria, Canada, Cyprus, Egypt, France, Gambia, Greece, India, Italy, Kazakhstan, Morocco, Mauritania, Spain, Sri Lanka, Thailand, Turkey, and the United States.

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