Luxottica Group SpA (Luxottica Group SpA) Receivables Turnover : 4.38 (As of Jun. 2018)

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What is Luxottica Group 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. Luxottica Group SpA's Revenue for the six months ended in Jun. 2018 was $5,318 Mil. Luxottica Group SpA's average Accounts Receivable for the six months ended in Jun. 2018 was $1,215 Mil. Hence, Luxottica Group SpA's Receivables Turnover for the six months ended in Jun. 2018 was 4.38.

Luxottica Group SpA Receivables Turnover Historical Data

The historical data trend for Luxottica Group 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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Luxottica Group SpA Receivables Turnover Chart

Luxottica Group SpA Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Receivables Turnover

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10.84

10.13

10.32

9.99

10.32

Luxottica Group SpA Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Receivables Turnover	Get a 7-Day Free Trial															4.88	4.15	4.91	4.19	4.38

Competitive Comparison of Luxottica Group SpA's Receivables Turnover

For the Apparel Retail subindustry, Luxottica Group 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.

Luxottica Group SpA's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Luxottica Group SpA's Receivables Turnover distribution charts can be found below:

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

Luxottica Group SpA Receivables Turnover Calculation

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

Luxottica Group SpA's Receivables Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Receivables Turnover (A: Dec. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2017 )	/ (	(Accounts Receivable (A: Dec. 2016 )	+	Accounts Receivable (A: Dec. 2017 ))	/	count )
=	10837.031	/ (	(983.481	+	1116.897)	/	2 )
=	10837.031	/	1050.189
=	10.32

Luxottica Group SpA's Receivables Turnover for the quarter that ended in Jun. 2018 is calculated as

	Receivables Turnover (Q: Jun. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2018 )	/ (	(Accounts Receivable (Q: Dec. 2017 )	+	Accounts Receivable (Q: Jun. 2018 ))	/	count )
=	5318.396	/ (	(1116.897	+	1312.19)	/	2 )
=	5318.396	/	1214.5435
=	4.38

Luxottica Group SpA (OTCPK:LUXTY) 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.

Luxottica Group SpA Receivables Turnover Related Terms

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Luxottica Group SpA (Luxottica Group SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Luxottica Group SpA (OTCPK:LUXTY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Piazzale L. Cadorna, 3, Milan, ITA, 20123

Website

http://www.luxottica.com

Luxottica designs, manufactures, and distributes high-quality prescription eyewear, frames and sunglasses. The company markets owned brands, including Ray-Ban, Oakley, Revo, and Arnette, as well as licensed brands, including Coach, Prada, Kors, and Polo Ralph Lauren. Luxottica is North America's largest eyewear retailer, with over 4,600 stores, through its Sunglass Hut, LensCrafters, Pearle Vision, Target Optical, and Ilori brands. The company also operates retail chains in Asia, Australia, South America, and Israel, totalling over 7,000 doors.

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