Estrima SpA (MIL:BIRO) Receivables Turnover : 2.59 (As of Jun. 2023)

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What is Estrima 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. Estrima SpA's Revenue for the six months ended in Jun. 2023 was €22.71 Mil. Estrima SpA's average Accounts Receivable for the six months ended in Jun. 2023 was €8.77 Mil. Hence, Estrima SpA's Receivables Turnover for the six months ended in Jun. 2023 was 2.59.

Estrima SpA Receivables Turnover Historical Data

The historical data trend for Estrima 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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Estrima SpA Receivables Turnover Chart

Estrima SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

5.12

3.18

1.46

4.26

Estrima SpA Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial			2.62	-	2.07	2.07	2.59

Competitive Comparison of Estrima SpA's Receivables Turnover

For the Auto Manufacturers subindustry, Estrima 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.

Estrima SpA's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Estrima SpA's Receivables Turnover distribution charts can be found below:

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

Estrima SpA Receivables Turnover Calculation

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

Estrima 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 )
=	36.148	/ (	(8.632	+	8.354)	/	2 )
=	36.148	/	8.493
=	4.26

Estrima 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 )
=	22.707	/ (	(8.354	+	9.193)	/	2 )
=	22.707	/	8.7735
=	2.59

Estrima SpA (MIL:BIRO) 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.

Estrima SpA Receivables Turnover Related Terms

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Estrima SpA (MIL:BIRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Estrima SpA (MIL:BIRO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Roveredo 20/b, Pordenone, ITA, 33170

Website

https://www.estrima.com

Estrima SpA is engaged in designing, manufacturing and distribution of the small electric vehicles.

Estrima SpA (MIL:BIRO) Headlines

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