Ecomembrane SpA (MIL:ECMB) Receivables Turnover : 2.31 (As of Dec. 2023)

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What is Ecomembrane 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. Ecomembrane SpA's Revenue for the six months ended in Dec. 2023 was €10.96 Mil. Ecomembrane SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €4.75 Mil. Hence, Ecomembrane SpA's Receivables Turnover for the six months ended in Dec. 2023 was 2.31.

Ecomembrane SpA Receivables Turnover Historical Data

The historical data trend for Ecomembrane 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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Ecomembrane SpA Receivables Turnover Chart

Ecomembrane SpA Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

3.86

4.53

3.33

Ecomembrane SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Receivables Turnover	-	-	1.29	2.31

Competitive Comparison of Ecomembrane SpA's Receivables Turnover

For the Packaging & Containers subindustry, Ecomembrane 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.

Ecomembrane SpA's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ecomembrane SpA's Receivables Turnover distribution charts can be found below:

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

Ecomembrane SpA Receivables Turnover Calculation

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

Ecomembrane 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 )
=	15.314	/ (	(3.236	+	5.974)	/	2 )
=	15.314	/	4.605
=	3.33

Ecomembrane 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 )
=	10.962	/ (	(3.522	+	5.974)	/	2 )
=	10.962	/	4.748
=	2.31

Ecomembrane SpA (MIL:ECMB) 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.

Ecomembrane SpA Receivables Turnover Related Terms

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Ecomembrane SpA (MIL:ECMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ecomembrane SpA (MIL:ECMB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Pari Opportunita n. 9, Gadesco, Pieve Delmona, ITA, 26030

Website

https://www.ecomembrane.com

Ecomembrane SpA operates in the sector of design, sale and installation of components for biogas and biomethane production plants and gas storage systems, such as biogas, methane, CO2 and hydrogen. Specifically, it carries out production activity which mainly takes the form of cutting, high-frequency welding and packaging of membrane covers using, as the main material, PVC-coated polyester fabric. The company operates globally and has the most extensive network in the world in terms of installations as well as production structure. Its products include 3Master, 2 Master, Cupola M2- heat shield, Cupola M3, Econtainer, M1 cone, and Claricover.

Ecomembrane SpA (MIL:ECMB) Headlines

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