Conafi SpA (MIL:CNF) Receivables Turnover : 0.75 (As of Dec. 2023)

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What is Conafi 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. Conafi SpA's Revenue for the six months ended in Dec. 2023 was €1.28 Mil. Conafi SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €1.70 Mil. Hence, Conafi SpA's Receivables Turnover for the six months ended in Dec. 2023 was 0.75.

Conafi SpA Receivables Turnover Historical Data

The historical data trend for Conafi 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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Conafi SpA Receivables Turnover Chart

Conafi SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

0.49

1.06

2.40

1.43

Conafi SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.43	0.53	1.99	0.79	0.75

Competitive Comparison of Conafi SpA's Receivables Turnover

For the Credit Services subindustry, Conafi 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.

Conafi SpA's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Conafi SpA's Receivables Turnover distribution charts can be found below:

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

Conafi SpA Receivables Turnover Calculation

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

Conafi 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 )
=	2.686	/ (	(1.88	+	0)	/	1 )
=	2.686	/	1.88
=	1.43

Conafi SpA's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1.279	/ (	(1.698	+	0)	/	1 )
=	1.279	/	1.698
=	0.75

Conafi SpA (MIL:CNF) 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.

Conafi SpA Receivables Turnover Related Terms

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Conafi SpA (MIL:CNF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Conafi SpA (MIL:CNF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Aldo Barbaro, 15, Turin, ITA, 10143

Website

http://www.conafi.it

Conafi SpA is engaged in the provision of personal loans products. The company is active in brokering and financial services, specializing in loans with repayment by assignment of the fifth salary or pension and payment of state and public or private company.