Biesse SpA (LTS:0DUK) Receivables Turnover : 1.39 (As of Sep. 2024)

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What is Biesse 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. Biesse SpA's Revenue for the three months ended in Sep. 2024 was €169.9 Mil. Biesse SpA's average Accounts Receivable for the three months ended in Sep. 2024 was €121.8 Mil. Hence, Biesse SpA's Receivables Turnover for the three months ended in Sep. 2024 was 1.39.

Biesse SpA Receivables Turnover Historical Data

The historical data trend for Biesse 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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Biesse SpA Receivables Turnover Chart

Biesse SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.76

5.27

6.49

6.90

6.85

Biesse SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.43	1.52	1.60	1.52	1.39

Competitive Comparison of Biesse SpA's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Biesse 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.

Biesse SpA's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Biesse SpA's Receivables Turnover distribution charts can be found below:

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

Biesse SpA Receivables Turnover Calculation

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

Biesse 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 )
=	785.002	/ (	(112.513	+	116.619)	/	2 )
=	785.002	/	114.566
=	6.85

Biesse SpA's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	169.878	/ (	(129.219	+	114.421)	/	2 )
=	169.878	/	121.82
=	1.39

Biesse SpA (LTS:0DUK) 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.

Biesse SpA Receivables Turnover Related Terms

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Biesse SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Biesse SpA (LTS:0DUK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BSS:Italy BI2:Germany

Address

Via della Meccanica, 16, Pesaro, ITA, 61122

Website

https://www.biesse.com

Biesse SpA operates in the market for machinery and systems for processing wood, glass, marble and stone. The group is organized into two operating segments being Machines and Systems in that it involves-production, distribution, installation, and after-sales service of wood, glass, stone, and advanced materials processing machines, grinders. Also it operates in Mechatronics which involves-production and distribution of industrial mechanical and electronic components. It generates maximum revenue from the Machines and Systems segment. Geographically, it derives a majority of revenue from Western Europe and also has a presence in Asia-Pacific; Eastern Europe; North America and the Rest of the World.

Biesse SpA Headlines

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