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Compagnia Dei Caraibi SpA (MIL:TIME) Receivables Turnover : 2.44 (As of Jun. 2023)


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What is Compagnia Dei Caraibi 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. Compagnia Dei Caraibi SpA's Revenue for the six months ended in Jun. 2023 was €26.19 Mil. Compagnia Dei Caraibi SpA's average Accounts Receivable for the six months ended in Jun. 2023 was €10.74 Mil. Hence, Compagnia Dei Caraibi SpA's Receivables Turnover for the six months ended in Jun. 2023 was 2.44.


Compagnia Dei Caraibi SpA Receivables Turnover Historical Data

The historical data trend for Compagnia Dei Caraibi 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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Compagnia Dei Caraibi SpA Receivables Turnover Chart

Compagnia Dei Caraibi SpA Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Receivables Turnover
4.98 4.73 5.36 5.23

Compagnia Dei Caraibi SpA Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Receivables Turnover Get a 7-Day Free Trial 2.68 2.68 2.38 2.89 2.44

Competitive Comparison of Compagnia Dei Caraibi SpA's Receivables Turnover

For the Beverages - Wineries & Distilleries subindustry, Compagnia Dei Caraibi 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.


Compagnia Dei Caraibi SpA's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Compagnia Dei Caraibi SpA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Compagnia Dei Caraibi SpA's Receivables Turnover falls into.



Compagnia Dei Caraibi SpA Receivables Turnover Calculation

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

Compagnia Dei Caraibi SpA's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=56.145 / ((10.251 + 11.207) / 2 )
=56.145 / 10.729
=5.23

Compagnia Dei Caraibi SpA's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=26.193 / ((11.207 + 10.264) / 2 )
=26.193 / 10.7355
=2.44

* 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.


Compagnia Dei Caraibi SpA  (MIL:TIME) 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.


Compagnia Dei Caraibi SpA Receivables Turnover Related Terms

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Compagnia Dei Caraibi SpA (MIL:TIME) Business Description

Traded in Other Exchanges
N/A
Address
Via Ribes, 3, Colleretto Giacosa, ITA, 10100
Compagnia Dei Caraibi SpA is engaged in the import, development, brand building and distribution of premium spirits, wines and soft drinks premium and ultra premium from all over the world.

Compagnia Dei Caraibi SpA (MIL:TIME) Headlines

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