Reti SpA (MIL:RETI) Receivables Turnover : 1.84 (As of Dec. 2023)

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What is Reti 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. Reti SpA's Revenue for the six months ended in Dec. 2023 was €15.72 Mil. Reti SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €8.53 Mil. Hence, Reti SpA's Receivables Turnover for the six months ended in Dec. 2023 was 1.84.

Reti SpA Receivables Turnover Historical Data

The historical data trend for Reti 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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Reti SpA Receivables Turnover Chart

Reti SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.23

2.98

2.96

3.05

3.22

Reti SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					1.53	1.62	1.66	1.74	1.84

Competitive Comparison of Reti SpA's Receivables Turnover

For the Information Technology Services subindustry, Reti 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.

Reti SpA's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Reti SpA's Receivables Turnover distribution charts can be found below:

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

Reti SpA Receivables Turnover Calculation

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

Reti 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 )
=	31.192	/ (	(10.042	+	9.36)	/	2 )
=	31.192	/	9.701
=	3.22

Reti 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 )
=	15.72	/ (	(7.697	+	9.36)	/	2 )
=	15.72	/	8.5285
=	1.84

Reti SpA (MIL:RETI) 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.

Reti SpA Receivables Turnover Related Terms

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Reti SpA (MIL:RETI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Reti SpA (MIL:RETI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Dante, 6, Busto Arsizio, ITA, 21052

Website

https://www.reti.it

Reti SpA is engaged in provision of IT consulting, offering its customers (medium and large companies) support services to digital transformation, with a specific focus on system integration services. The company operates through three business lines: IT Solutions, Business Consulting, and Managed Service Provider.

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