E-Globe SpA (MIL:EGB) Receivables Turnover : 6.63 (As of Dec. 2023)

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What is E-Globe 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. E-Globe SpA's Revenue for the six months ended in Dec. 2023 was €29.60 Mil. E-Globe SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €4.47 Mil. Hence, E-Globe SpA's Receivables Turnover for the six months ended in Dec. 2023 was 6.63.

E-Globe SpA Receivables Turnover Historical Data

The historical data trend for E-Globe 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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E-Globe SpA Receivables Turnover Chart

E-Globe SpA Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

20.66

18.49

6.63

E-Globe SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Receivables Turnover	20.66	18.49	6.63

Competitive Comparison of E-Globe SpA's Receivables Turnover

For the Building Products & Equipment subindustry, E-Globe 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.

E-Globe SpA's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, E-Globe SpA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where E-Globe SpA's Receivables Turnover falls into.

E-Globe SpA Receivables Turnover Calculation

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

E-Globe 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 )
=	29.601	/ (	(2.17	+	6.76)	/	2 )
=	29.601	/	4.465
=	6.63

E-Globe 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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	29.601	/ (	(2.17	+	6.76)	/	2 )
=	29.601	/	4.465
=	6.63

E-Globe SpA (MIL:EGB) 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.

E-Globe SpA Receivables Turnover Related Terms

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E-Globe SpA (MIL:EGB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » E-Globe SpA (MIL:EGB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Loc. Lipuda industrial area, Cirò Marina, ITA, 88811

Website

https://www.e-globe.it

E-Globe SpA is an Italian Based Company which designs and distributes State of the art thermo-hydraulic and conditioning systems. The Company specializes in the sale of air conditioners, fan coils, electric pumps, solar panels, boilers and stoves. The company is associated with various brands such as ABB, aquatherm, ariston, Baxi, and carrier.

E-Globe SpA (MIL:EGB) Headlines

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