ELSA Solutions SpA (MIL:ELSA) Receivables Turnover : 3.49 (As of Dec. 2023)

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What is ELSA Solutions 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. ELSA Solutions SpA's Revenue for the six months ended in Dec. 2023 was €19.28 Mil. ELSA Solutions SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €5.53 Mil. Hence, ELSA Solutions SpA's Receivables Turnover for the six months ended in Dec. 2023 was 3.49.

ELSA Solutions SpA Receivables Turnover Historical Data

The historical data trend for ELSA Solutions 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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ELSA Solutions SpA Receivables Turnover Chart

ELSA Solutions SpA Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

2.61

3.13

3.49

ELSA Solutions SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Receivables Turnover	2.61	3.13	3.49

Competitive Comparison of ELSA Solutions SpA's Receivables Turnover

For the Specialty Industrial Machinery subindustry, ELSA Solutions 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.

ELSA Solutions SpA's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ELSA Solutions SpA's Receivables Turnover distribution charts can be found below:

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

ELSA Solutions SpA Receivables Turnover Calculation

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

ELSA Solutions 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 )
=	19.276	/ (	(5.208	+	5.848)	/	2 )
=	19.276	/	5.528
=	3.49

ELSA Solutions 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 )
=	19.276	/ (	(5.208	+	5.848)	/	2 )
=	19.276	/	5.528
=	3.49

ELSA Solutions SpA (MIL:ELSA) 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.

ELSA Solutions SpA Receivables Turnover Related Terms

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ELSA Solutions SpA (MIL:ELSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ELSA Solutions SpA (MIL:ELSA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via P. Patarini 15, Imola, ITA, 40026

Website

https://www.elsaweb.it

ELSA Solutions SpA is a company engaged in in the motion control and special purpose batteries sector. It operates through two business lines: the E-Motion line, dedicated to the system integrator activity of industrial automation systems (motion control), with which it offers solutions and components for operation, management and the control of the movement of mechanical systems in the field of industrial automation and the movement of precision, and the Aliant line, dedicated to the assembly of special purpose battery systems, in particular lithium batteries and in the hydrogen systems sector in which the Company operates as an OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturing.

ELSA Solutions SpA (MIL:ELSA) Headlines

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