Radici Pietro Industries & Brands SpA (MIL:RAD) Receivables Turnover : 2.69 (As of Dec. 2024)

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What is Radici Pietro Industries & Brands 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. Radici Pietro Industries & Brands SpA's Revenue for the six months ended in Dec. 2024 was €29.12 Mil. Radici Pietro Industries & Brands SpA's average Accounts Receivable for the six months ended in Dec. 2024 was €10.80 Mil. Hence, Radici Pietro Industries & Brands SpA's Receivables Turnover for the six months ended in Dec. 2024 was 2.69.

Radici Pietro Industries & Brands SpA Receivables Turnover Historical Data

The historical data trend for Radici Pietro Industries & Brands 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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Radici Pietro Industries & Brands SpA Receivables Turnover Chart

Radici Pietro Industries & Brands SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.75

4.09

4.32

4.22

4.87

Radici Pietro Industries & Brands SpA Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial									2.09	2.07	2.04	2.23	2.69

Competitive Comparison of Radici Pietro Industries & Brands SpA's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Radici Pietro Industries & Brands 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.

Radici Pietro Industries & Brands SpA's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Radici Pietro Industries & Brands SpA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Radici Pietro Industries & Brands SpA's Receivables Turnover falls into.

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Radici Pietro Industries & Brands SpA Receivables Turnover Calculation

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

Radici Pietro Industries & Brands SpA's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	58.94	/ (	(14.659	+	9.562)	/	2 )
=	58.94	/	12.1105
=	4.87

Radici Pietro Industries & Brands SpA's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	29.116	/ (	(12.047	+	9.562)	/	2 )
=	29.116	/	10.8045
=	2.69

Radici Pietro Industries & Brands SpA (MIL:RAD) 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.

Radici Pietro Industries & Brands SpA Receivables Turnover Related Terms

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Radici Pietro Industries & Brands SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Radici Pietro Industries & Brands SpA (MIL:RAD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Cavalier Pietro Radici 19, Cazzano Sant'Andrea, Bergamo, ITA, 24026

Website

https://www.radici.it

Radici Pietro Industries & Brands SpA is engaged in the manufacture and marketing of carpets and rugs. The company's product offerings include artificial grasses, textile floor coverings, coverings for furniture, battery covers, mats, etc. Its products are marketed through different brands such as Radici Carpet, Radici Marine, Radici Sport, Radici Automotive, and Sit-In which cater to different industry segments such as textile floor coverings, sporting, marine, and automotive. Geographically, the company generates maximum revenue from its business in Italy followed by other regions of Europe, the United States, and the rest of the world.

Radici Pietro Industries & Brands SpA Headlines

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