Fos SpA (MIL:FOS) Receivables Turnover : 1.24 (As of Jun. 2023)

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What is Fos 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. Fos SpA's Revenue for the six months ended in Jun. 2023 was €11.28 Mil. Fos SpA's average Accounts Receivable for the six months ended in Jun. 2023 was €9.07 Mil. Hence, Fos SpA's Receivables Turnover for the six months ended in Jun. 2023 was 1.24.

Fos SpA Receivables Turnover Historical Data

The historical data trend for Fos 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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Fos SpA Receivables Turnover Chart

Fos SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.69

2.07

2.51

2.27

2.45

Fos SpA Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								1.33	1.23	1.25	1.24	1.51

Competitive Comparison of Fos SpA's Receivables Turnover

For the Information Technology Services subindustry, Fos 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.

Fos SpA's Receivables Turnover Distribution in the Software Industry

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

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

Fos SpA Receivables Turnover Calculation

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

Fos 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 )
=	18.396	/ (	(5.843	+	10.358)	/	2 )
=	18.396	/	8.1005
=	2.27

Fos 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 )
=	11.284	/ (	(10.358	+	7.788)	/	2 )
=	11.284	/	9.073
=	1.24

Fos SpA (MIL:FOS) 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.

Fos SpA Receivables Turnover Related Terms

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Fos SpA (MIL:FOS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Milano 166 N/r, Genova, ITA, 16126

Website

http://www.gruppofos.it

Fos SpA is an Italian technological industry offering services of system integration and software development, applicative and infrastructural outsourcing, research activities, development and prototyping of innovative technological solutions, services for the telecommunications. The company's services are provided both in as a service mode for the maintenance of systems and new developments at the customer's premises, and through the design and realisation of tailored on demand solutions (software applications, db and systemic assistance, cyber security, cloud computing, digital workspace and hardware supply).

Fos SpA (MIL:FOS) Headlines

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