Matica Fintec SpA (MIL:MFT) Receivables Turnover : 2.69 (As of Jun. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Matica Fintec 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. Matica Fintec SpA's Revenue for the six months ended in Jun. 2024 was €11.16 Mil. Matica Fintec SpA's average Accounts Receivable for the six months ended in Jun. 2024 was €4.15 Mil. Hence, Matica Fintec SpA's Receivables Turnover for the six months ended in Jun. 2024 was 2.69.

Matica Fintec SpA Receivables Turnover Historical Data

The historical data trend for Matica Fintec 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.

Matica Fintec SpA Receivables Turnover Chart

Matica Fintec SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

Get a 7-Day Free Trial

4.40

5.39

6.10

6.14

4.07

Matica Fintec SpA Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial									3.20	2.69	2.92	2.69	1.65

Competitive Comparison of Matica Fintec SpA's Receivables Turnover

For the Computer Hardware subindustry, Matica Fintec 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.

Matica Fintec SpA's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Matica Fintec SpA's Receivables Turnover distribution charts can be found below:

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

Save Embed

;

Save Embed

;

Matica Fintec SpA Receivables Turnover Calculation

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

Matica Fintec 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 )
=	22.877	/ (	(4.191	+	3.26)	/	2 )
=	22.877	/	3.7255
=	6.14

Matica Fintec 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 )
=	11.155	/ (	(3.26	+	5.047)	/	2 )
=	11.155	/	4.1535
=	2.69

Matica Fintec SpA (MIL:MFT) 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.

Matica Fintec SpA Receivables Turnover Related Terms

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

Matica Fintec SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Matica Fintec SpA (MIL:MFT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Giuseppe Parini 2, Milan, ITA

Website

https://www.maticafintec.com

Matica Fintec SpA designs, develops and sells technological solutions for Banking and Government Institutions. The company specializes in the design, development, and marketing of software and integrated security equipment for credit cards, identity cards, passports, driving licenses, access control badges, etc. Geographically, the company generates maximum revenue from its business in Europe and the rest from South America, Asia, the United States, Africa, United Arab Emirates, India, the Middle East, Italy, and other regions.