Magis SpA (MIL:MGS) Receivables Turnover : 2.29 (As of Dec. 2022)

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What is Magis 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. Magis SpA's Revenue for the six months ended in Dec. 2022 was €41.24 Mil. Magis SpA's average Accounts Receivable for the six months ended in Dec. 2022 was €18.03 Mil. Hence, Magis SpA's Receivables Turnover for the six months ended in Dec. 2022 was 2.29.

Magis SpA Receivables Turnover Historical Data

The historical data trend for Magis 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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Magis SpA Receivables Turnover Chart

Magis SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

5.42

5.95

6.77

5.51

Magis SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
Receivables Turnover	Get a 7-Day Free Trial			3.55	2.57	2.89	2.29	-

Competitive Comparison of Magis SpA's Receivables Turnover

For the Specialty Chemicals subindustry, Magis 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.

Magis SpA's Receivables Turnover Distribution in the Chemicals Industry

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

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

Magis SpA Receivables Turnover Calculation

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

Magis 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 )
=	78.89	/ (	(13.817	+	14.837)	/	2 )
=	78.89	/	14.327
=	5.51

Magis SpA's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	41.244	/ (	(22.243	+	13.817)	/	2 )
=	41.244	/	18.03
=	2.29

Magis SpA (MIL:MGS) 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.

Magis SpA Receivables Turnover Related Terms

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Magis SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Magis SpA (MIL:MGS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ZF6:Germany

Address

Via Ponte Cerretano, 24, Cerreto Guidi, Florence, ITA, 50050

Website

http://www.magis.it

Magis SpA engages in the production of customized adhesive tapes, packaging products, and closure systems for disposable nappies and adult incontinence products. Its products comprise Bopp tapes, Bopet tapes, Duct tapes, Crepe tapes, and Mopp tapes.

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