Cy4gate SpA (MIL:CY4) Receivables Turnover : 0.58 (As of Dec. 2023)

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What is Cy4gate 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. Cy4gate SpA's Revenue for the six months ended in Dec. 2023 was €34.05 Mil. Cy4gate SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €58.76 Mil. Hence, Cy4gate SpA's Receivables Turnover for the six months ended in Dec. 2023 was 0.58.

Cy4gate SpA Receivables Turnover Historical Data

The historical data trend for Cy4gate 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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Cy4gate SpA Receivables Turnover Chart

Cy4gate SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.53

1.24

0.85

1.27

1.15

Cy4gate SpA Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial						0.62	0.42	0.66	0.53	0.58

Competitive Comparison of Cy4gate SpA's Receivables Turnover

For the Software - Infrastructure subindustry, Cy4gate 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.

Cy4gate SpA's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Cy4gate SpA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cy4gate SpA's Receivables Turnover falls into.

Cy4gate SpA Receivables Turnover Calculation

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

Cy4gate 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 )
=	68.14	/ (	(64.488	+	53.651)	/	2 )
=	68.14	/	59.0695
=	1.15

Cy4gate 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 )
=	34.054	/ (	(63.875	+	53.651)	/	2 )
=	34.054	/	58.763
=	0.58

Cy4gate SpA (MIL:CY4) 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.

Cy4gate SpA Receivables Turnover Related Terms

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Cy4gate SpA (MIL:CY4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cy4gate SpA (MIL:CY4) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

68H:Germany

Address

Via Coponia 8, Rome, ITA, 00131

Website

https://www.cy4gate.com

Cy4gate SpA is engaged in developing and selling cyber intelligence and cyber security products. It has two main business lines: the division Cyber Intelligence and the Cybersecurity division, dividing its offer between products and services in both business lines. Specifically, Cyber Intelligence is composed of Decision intelligence propriety products and Forensic Intelligence and Data Analysis products. The Cybersecurity division is composed of the development of products and technologies for Cybersecurity and Cybersecurity consultation, training, and services.

Cy4gate SpA (MIL:CY4) Headlines

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