Growens SPA (MIL:GROW) Receivables Turnover : 2.34 (As of Dec. 2023)

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What is Growens 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. Growens SPA's Revenue for the three months ended in Dec. 2023 was €20.44 Mil. Growens SPA's average Accounts Receivable for the three months ended in Dec. 2023 was €8.75 Mil. Hence, Growens SPA's Receivables Turnover for the three months ended in Dec. 2023 was 2.34.

Growens SPA Receivables Turnover Historical Data

The historical data trend for Growens 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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Growens SPA Receivables Turnover Chart

Growens SPA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.19

6.03

6.24

5.28

5.89

Growens SPA Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.31	1.15	-	1.91	2.34

Competitive Comparison of Growens SPA's Receivables Turnover

For the Software - Application subindustry, Growens 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.

Growens SPA's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Growens SPA's Receivables Turnover falls into.

Growens SPA Receivables Turnover Calculation

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

Growens 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 )
=	75.06	/ (	(16.721	+	8.748)	/	2 )
=	75.06	/	12.7345
=	5.89

Growens 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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	20.436	/ (	(0	+	8.748)	/	1 )
=	20.436	/	8.748
=	2.34

Growens SPA (MIL:GROW) 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.

Growens SPA Receivables Turnover Related Terms

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Growens SPA (MIL:GROW) Business Description

Industry

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Address

Via Pola 9, Milan, ITA, 20124

Website

https://www.growens.io

Growens SPA is a company that has developed a software-as-a-service cloud computing platform chosen by small-to-medium enterprises and large enterprises to create, send and monitor newsletters, e-mails, and text messages. The company develops integrations and automation, targeting, and tracking tools. The business units of the company are MailUp, Agile Telecom, Acumbamail, BEE, Datatrics, and others.