Radici Pietro Industries & Brands SpA (MIL:RAD) Receivables Turnover : 2.04 (As of Dec. 2023)

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

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. 2023 was €29.70 Mil. Radici Pietro Industries & Brands SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €14.55 Mil. Hence, Radici Pietro Industries & Brands SpA's Receivables Turnover for the six months ended in Dec. 2023 was 2.04.

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.

* Premium members only.

Radici Pietro Industries & Brands SpA Receivables Turnover Chart

Radici Pietro Industries & Brands SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

3.41

3.75

4.09

4.32

4.22

Radici Pietro Industries & Brands SpA Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							1.98	2.15	2.09	2.04	2.04

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.

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. 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 )
=	56.986	/ (	(12.349	+	14.659)	/	2 )
=	56.986	/	13.504
=	4.22

Radici Pietro Industries & Brands SpA's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	29.697	/ (	(14.437	+	14.659)	/	2 )
=	29.697	/	14.548
=	2.04

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

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

Radici Pietro Industries & Brands SpA (MIL:RAD) 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

http://www.sit-in.it

Radici Pietro Industries & Brands SpA is engaged in the carpet business. It offers carpets for various industries such as Hotels, Offices, Ships, Aircraftm Automotive, Residential and others.

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

No Headlines