Piquadro SpA (MIL:PQ) Receivables Turnover : 2.59 (As of Sep. 2023)

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What is Piquadro 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. Piquadro SpA's Revenue for the six months ended in Sep. 2023 was €85.9 Mil. Piquadro SpA's average Accounts Receivable for the six months ended in Sep. 2023 was €33.2 Mil. Hence, Piquadro SpA's Receivables Turnover for the six months ended in Sep. 2023 was 2.59.

Piquadro SpA Receivables Turnover Historical Data

The historical data trend for Piquadro 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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Piquadro SpA Receivables Turnover Chart

Piquadro SpA Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.99

4.57

5.85

6.25

5.60

Piquadro SpA Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.01	2.63	3.11	2.59	2.54

Competitive Comparison of Piquadro SpA's Receivables Turnover

For the Footwear & Accessories subindustry, Piquadro 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.

Piquadro SpA's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Piquadro SpA's Receivables Turnover distribution charts can be found below:

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

Piquadro SpA Receivables Turnover Calculation

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

Piquadro SpA's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	175.595	/ (	(27.933	+	28.251)	/	2 )
=	175.595	/	28.092
=	6.25

Piquadro SpA's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	85.94	/ (	(28.251	+	38.214)	/	2 )
=	85.94	/	33.2325
=	2.59

Piquadro SpA (MIL:PQ) 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.

Piquadro SpA Receivables Turnover Related Terms

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Piquadro SpA (MIL:PQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Piquadro SpA (MIL:PQ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

4LZ:Germany

Address

Localita Sassuriano, 246, Silla di Gaggio Montano, Bologna, ITA, 40041

Website

https://www.piquadro.com

Piquadro SpA operates in the leather goods market. The company designs, manufactures and markets goods under its own brand name. Its products include women's bags, travel bags, briefcases, belts, wallets, key rings, cigar cases among others. The company's operating segment includes Piquadro; The Bridge and Lancel. It generates maximum revenue from the Lancel segment. Geographically, it derives a majority of revenue from Europe and also has a presence in Italy and the Rest of the World.

Piquadro SpA (MIL:PQ) Headlines

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