Lindbergh SpA (MIL:LDB) Receivables Turnover : 2.68 (As of Jun. 2024)

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What is Lindbergh 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. Lindbergh SpA's Revenue for the six months ended in Jun. 2024 was €15.51 Mil. Lindbergh SpA's average Accounts Receivable for the six months ended in Jun. 2024 was €5.79 Mil. Hence, Lindbergh SpA's Receivables Turnover for the six months ended in Jun. 2024 was 2.68.

Lindbergh SpA Receivables Turnover Historical Data

The historical data trend for Lindbergh 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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Lindbergh SpA Receivables Turnover Chart

Lindbergh SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

2.93

3.61

4.18

5.06

5.46

Lindbergh SpA Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial					2.41	2.44	2.72	2.73	2.68

Competitive Comparison of Lindbergh SpA's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Lindbergh 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.

Lindbergh SpA's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Lindbergh SpA's Receivables Turnover distribution charts can be found below:

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

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Lindbergh SpA Receivables Turnover Calculation

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

Lindbergh 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 )
=	26.911	/ (	(4.713	+	5.146)	/	2 )
=	26.911	/	4.9295
=	5.46

Lindbergh 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 )
=	15.51	/ (	(5.146	+	6.436)	/	2 )
=	15.51	/	5.791
=	2.68

Lindbergh SpA (MIL:LDB) 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.

Lindbergh SpA Receivables Turnover Related Terms

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Lindbergh SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Lindbergh SpA (MIL:LDB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Via Giuseppe Guarneri Zanetti, Pescarolo Ed Uniti, ITA, 26033

Website

https://www.lindberghspa.it

Lindbergh SpA offers a wide range of services for maintenance engineers and technicians and loads them directly onto the vans in the company fleet, during the night and without the need for staff present. Its services include Spare parts delivery, Personal Protective Equipment supplied on-demand, on-demand laundry, sanitizing, and repair service, and a metrology laboratory.