Industrie Chimiche Forestali SpA (MIL:ICF) Receivables Turnover : 1.64 (As of Dec. 2023)

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What is Industrie Chimiche Forestali 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. Industrie Chimiche Forestali SpA's Revenue for the six months ended in Dec. 2023 was €38.24 Mil. Industrie Chimiche Forestali SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €23.30 Mil. Hence, Industrie Chimiche Forestali SpA's Receivables Turnover for the six months ended in Dec. 2023 was 1.64.

Industrie Chimiche Forestali SpA Receivables Turnover Historical Data

The historical data trend for Industrie Chimiche Forestali 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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Industrie Chimiche Forestali SpA Receivables Turnover Chart

Industrie Chimiche Forestali SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.08

3.62

3.98

3.94

3.46

Industrie Chimiche Forestali SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					1.90	1.92	1.77	1.75	1.64

Competitive Comparison of Industrie Chimiche Forestali SpA's Receivables Turnover

For the Specialty Chemicals subindustry, Industrie Chimiche Forestali 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.

Industrie Chimiche Forestali SpA's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Industrie Chimiche Forestali SpA's Receivables Turnover falls into.

Industrie Chimiche Forestali SpA Receivables Turnover Calculation

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

Industrie Chimiche Forestali 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 )
=	79.86	/ (	(23.499	+	22.619)	/	2 )
=	79.86	/	23.059
=	3.46

Industrie Chimiche Forestali 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	38.242	/ (	(23.976	+	22.619)	/	2 )
=	38.242	/	23.2975
=	1.64

Industrie Chimiche Forestali SpA (MIL:ICF) 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.

Industrie Chimiche Forestali SpA Receivables Turnover Related Terms

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Industrie Chimiche Forestali SpA (MIL:ICF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Industrie Chimiche Forestali SpA (MIL:ICF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Fratelli Kennedy, 75, Marcallo con Casone, Milano, ITA, 20010

Website

https://www.forestali.it

Industrie Chimiche Forestali SpA is engaged in the design, production and marketing of high-tech adhesives and fabrics mainly for the following markets: footwear & leather goods, automotive and packaging.