Altea Green Power SpA (MIL:AGP) Receivables Turnover : 28.73 (As of Dec. 2024)

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What is Altea Green Power 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. Altea Green Power SpA's Revenue for the six months ended in Dec. 2024 was €20.38 Mil. Altea Green Power SpA's average Accounts Receivable for the six months ended in Dec. 2024 was €0.71 Mil. Hence, Altea Green Power SpA's Receivables Turnover for the six months ended in Dec. 2024 was 28.73.

Altea Green Power SpA Receivables Turnover Historical Data

The historical data trend for Altea Green Power 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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Altea Green Power SpA Receivables Turnover Chart

Altea Green Power SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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12.33

5.07

0.06

6.54

48.56

Altea Green Power SpA Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial						6.74	3.67	4.96	19.97	28.73

Competitive Comparison of Altea Green Power SpA's Receivables Turnover

For the Solar subindustry, Altea Green Power 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.

Altea Green Power SpA's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Altea Green Power SpA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Altea Green Power SpA's Receivables Turnover falls into.

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Altea Green Power SpA Receivables Turnover Calculation

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

Altea Green Power SpA's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	34.913	/ (	(0.737	+	0.701)	/	2 )
=	34.913	/	0.719
=	48.56

Altea Green Power SpA's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	20.384	/ (	(0.718	+	0.701)	/	2 )
=	20.384	/	0.7095
=	28.73

Altea Green Power SpA (MIL:AGP) 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.

Altea Green Power SpA Receivables Turnover Related Terms

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Altea Green Power SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Altea Green Power SpA (MIL:AGP) » Definitions » Receivables Turnover

Traded in Other Exchanges

Q51:Germany

Address

Via Pavia 11/B, Rivoli, ITA

Website

https://www.alteagreenpower.it

Altea Green Power SpA provides systems to produce energy from renewable sources while respecting the environment and improving energy efficiency by reducing energy consumption. It offers assistance in the design, construction, maintenance, and management phases for photovoltaic systems, wind turbines, cogeneration systems, biomass-fueled systems. The Group specializes in the installation of plants and production of energy from renewable sources, the construction of power plants and cogeneration plants, electricity and thermal power distribution networks, and co-development activities of renewable energy production and storage plants.

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