Friulchem SpA (MIL:FCM) Receivables Turnover : 2.73 (As of Jun. 2023)

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What is Friulchem 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. Friulchem SpA's Revenue for the six months ended in Jun. 2023 was €15.59 Mil. Friulchem SpA's average Accounts Receivable for the six months ended in Jun. 2023 was €5.70 Mil. Hence, Friulchem SpA's Receivables Turnover for the six months ended in Jun. 2023 was 2.73.

Friulchem SpA Receivables Turnover Historical Data

The historical data trend for Friulchem 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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Friulchem SpA Receivables Turnover Chart

Friulchem SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.71

6.97

10.60

9.34

6.97

Friulchem SpA Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							4.64	4.23	3.45	2.73	2.46

Competitive Comparison of Friulchem SpA's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Friulchem 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.

Friulchem SpA's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Friulchem SpA's Receivables Turnover distribution charts can be found below:

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

Friulchem SpA Receivables Turnover Calculation

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

Friulchem SpA's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	34.261	/ (	(2.903	+	4.436)	/	2 )
=	34.261	/	3.6695
=	9.34

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

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	15.585	/ (	(4.436	+	6.969)	/	2 )
=	15.585	/	5.7025
=	2.73

Friulchem SpA (MIL:FCM) 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.

Friulchem SpA Receivables Turnover Related Terms

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Friulchem SpA (MIL:FCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Friulchem SpA (MIL:FCM) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Via Carlo Ravizza 40, Milano, ITA, 20149

Website

https://www.friulchem.com

Friulchem SpA is an Italy based company engaged in pharma business. It is involved in research, development, and production of generic finished products such as cosmeceuticals and food supplements. The company is also involved in the manufacturing of vet-pharma products.

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