KME Group SpA (MIL:KME) Receivables Turnover : 12.46 (As of Dec. 2023)

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What is KME Group 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. KME Group SpA's Revenue for the six months ended in Dec. 2023 was €797 Mil. KME Group SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €64 Mil. Hence, KME Group SpA's Receivables Turnover for the six months ended in Dec. 2023 was 12.46.

KME Group SpA Receivables Turnover Historical Data

The historical data trend for KME Group 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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KME Group SpA Receivables Turnover Chart

KME Group SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.15

2.24

34.05

28.76

KME Group SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															-	6.52	12.34	13.12	12.46

Competitive Comparison of KME Group SpA's Receivables Turnover

For the Copper subindustry, KME Group 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.

KME Group SpA's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, KME Group SpA's Receivables Turnover distribution charts can be found below:

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

KME Group SpA Receivables Turnover Calculation

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

KME Group 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 )
=	1880.532	/ (	(83.994	+	46.772)	/	2 )
=	1880.532	/	65.383
=	28.76

KME Group 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 )
=	797.115	/ (	(81.164	+	46.772)	/	2 )
=	797.115	/	63.968
=	12.46

KME Group SpA (MIL:KME) 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.

KME Group SpA Receivables Turnover Related Terms

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KME Group SpA (MIL:KME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » KME Group SpA (MIL:KME) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

IKGR:Italy MTJ3:Germany

Address

Foro Buonaparte 44, Milan, ITA, 20121

Website

https://www.kme.com

KME Group SpA is a diversified investment holding company. It invests in copper sector and financial and real estate assets sector. The copper sector includes the production and marketing of copper and copper-alloy semi-finished products. The financial and real estate assets sector includes the private equity activity, carried out mainly through the closed-ended investment fund, and the management of receivables. The company generates the majority of the revenue from the copper sector.