Green Oleo SpA (MIL:GRN) Receivables Turnover : 3.67 (As of Jun. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Green Oleo 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. Green Oleo SpA's Revenue for the six months ended in Jun. 2024 was €39.05 Mil. Green Oleo SpA's average Accounts Receivable for the six months ended in Jun. 2024 was €10.65 Mil. Hence, Green Oleo SpA's Receivables Turnover for the six months ended in Jun. 2024 was 3.67.

Green Oleo SpA Receivables Turnover Historical Data

The historical data trend for Green Oleo 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.

* Premium members only.

Green Oleo SpA Receivables Turnover Chart

Green Oleo SpA Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

7.60

10.53

8.18

8.40

Green Oleo SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			-	4.19	3.29	3.67	2.99

Competitive Comparison of Green Oleo SpA's Receivables Turnover

For the Chemicals subindustry, Green Oleo 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.

Green Oleo SpA's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Green Oleo SpA's Receivables Turnover distribution charts can be found below:

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

Save Embed

;

Save Embed

;

Green Oleo SpA Receivables Turnover Calculation

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

Green Oleo 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 )
=	65.194	/ (	(7.763	+	8.173)	/	2 )
=	65.194	/	7.968
=	8.18

Green Oleo SpA's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	39.054	/ (	(8.173	+	13.124)	/	2 )
=	39.054	/	10.6485
=	3.67

Green Oleo SpA (MIL:GRN) 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.

Green Oleo SpA Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Green Oleo SpA's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Green Oleo SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Green Oleo SpA (MIL:GRN) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Via Bergamo, 66, Cremona, ITA, 26100

Website

https://www.greenoleo.com

Green Oleo SpA is one of the leading European producers of fine oleochemicals from renewable sources. It offers a wide range of fatty acids and glycerine. The main families of oleochemical products treated by GREEN OLEO are acids distilled fats with different matrices depending on the starting fat, stearic acids (stearines), oleic acid, glycerine, fatty acid derivatives (e.g. soaps), and esters.