Res SpA (MIL:RES) Receivables Turnover : 1.69 (As of Dec. 2023)

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What is Res 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. Res SpA's Revenue for the six months ended in Dec. 2023 was €9.64 Mil. Res SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €5.72 Mil. Hence, Res SpA's Receivables Turnover for the six months ended in Dec. 2023 was 1.69.

Res SpA Receivables Turnover Historical Data

The historical data trend for Res 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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Res SpA Receivables Turnover Chart

Res SpA Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

2.98

4.20

3.43

Res SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	1.58	2.45	1.81	1.69

Competitive Comparison of Res SpA's Receivables Turnover

For the Waste Management subindustry, Res 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.

Res SpA's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Res SpA's Receivables Turnover distribution charts can be found below:

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

Res SpA Receivables Turnover Calculation

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

Res 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 )
=	19.183	/ (	(5.145	+	6.054)	/	2 )
=	19.183	/	5.5995
=	3.43

Res 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 )
=	9.641	/ (	(5.381	+	6.054)	/	2 )
=	9.641	/	5.7175
=	1.69

Res SpA (MIL:RES) 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.

Res SpA Receivables Turnover Related Terms

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Res SpA (MIL:RES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Res SpA (MIL:RES) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pettoranello del Molise, Zona Industriale, ITA, 86090

Website

https://www.recuperoeticosostenibile.it

Res SpA operates in the waste sector. The business activity is mainly focused on the collection and sorting of materials. The company deals with the entire waste management process from selection to functional treatment and transformation to the regeneration and recovery of waste and reuse as production raw materials.