Smart Capital SpA (MIL:SMCAP) Receivables Turnover: 0.99 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIL:SMCAP Smart Capital SpA MIL:SMCAP
9 GF Score
Price €1.55
! 4 Warning Signs
View Full Analysis

What is Smart Capital SpA Receivables Turnover?

Smart Capital SpA MIL:SMCAP 9 Receivables Turnover is 0.99 as of Dec. 2025. GuruFocus rates MIL:SMCAP with a GF Score™ of 9/100. The stock has 4 warning signs investors should review. Among 528 Asset Management companies, Smart Capital SpA ranks worse than 78.22% on this metric.

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. Smart Capital SpA's Revenue for the six months ended in Dec. 2025 was €0.36 Mil. Smart Capital SpA's average Accounts Receivable for the six months ended in Dec. 2025 was €0.37 Mil. Hence, Smart Capital SpA's Receivables Turnover for the six months ended in Dec. 2025 was 0.99.


Smart Capital SpA  (MIL:SMCAP) 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.


Smart Capital SpA Receivables Turnover Related Terms


Smart Capital SpA Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Smart Capital 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.

Smart Capital SpA Receivables Turnover Chart

Smart Capital SpA Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Receivables Turnover
1.27 2.13 3.48 4.88

Smart Capital SpA Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Receivables Turnover Get a 7-Day Free Trial 1.19 1.79 2.57 1.70 0.99

MIL:SMCAP vs BLK, BX, KKR: Receivables Turnover Comparison

For the Asset Management subindustry, Smart Capital 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.


Smart Capital SpA Receivables Turnover vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Smart Capital SpA's Receivables Turnover distribution charts can be found below:

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


MIL:SMCAP
9GF Score
Smart Capital SpA MIL:SMCAP
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Smart Capital SpA Receivables Turnover Calculation

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

Smart Capital SpA's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=1.073 / ((0.273 + 0.167) / 2 )
=1.073 / 0.22
=4.88

Smart Capital SpA's Receivables Turnover for the quarter that ended in Dec. 2025 is calculated as

Receivables Turnover (Q: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2025 ) / ((Accounts Receivable (Q: Jun. 2025 ) + Accounts Receivable (Q: Dec. 2025 )) / count )
=0.363 / ((0.563 + 0.167) / 2 )
=0.363 / 0.365
=0.99

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 0.99 mean?
Smart Capital SpA (MIL:SMCAP) has a Receivables Turnover of 0.99 as of Dec. 2025. The accounts 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. View historical data on Smart Capital SpA and its competitors. According to the industry distribution chart, Smart Capital SpA ranks #413 out of 528 companies in the Asset Management industry, placing it in the top 78.2%.
Is Smart Capital SpA's Receivables Turnover too high?
Smart Capital SpA's current Receivables Turnover is 0.99. The Asset Management industry median Receivables Turnover is 7.93. Smart Capital SpA's value of 0.99 is 87.5% below this industry median. Based on the distribution chart, Smart Capital SpA ranks #413 out of 528 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Smart Capital SpA has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Smart Capital SpA's Receivables Turnover compare to BLK and BX?
According to the Asset Management industry distribution chart, Smart Capital SpA ranks #413 out of 528 companies for Receivables Turnover. This places Smart Capital SpA in the lower half of its industry. The industry median Receivables Turnover is 7.93. Smart Capital SpA's value of 0.99 is 87.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Asset Management company?
The median Receivables Turnover among Asset Management companies is 7.93, based on 528 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Smart Capital SpA's current Receivables Turnover of 0.99 is 87.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Smart Capital SpA and its competitors. For the Asset Management industry, the median Receivables Turnover is 7.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Capital SpA's current Receivables Turnover is 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Capital SpA stock overvalued right now?
Smart Capital SpA (MIL:SMCAP) has a current Receivables Turnover of 0.99. The current Receivables Turnover is 0.99 and 87.5% below the Asset Management industry median of 7.93. Smart Capital SpA's overall GF Score™ is 9/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Smart Capital SpA (MIL:SMCAP), the current Receivables Turnover is 0.99 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Smart Capital SpA Business Description

Address Via Carlo Alberto, 11, Monza, ITA, 20900
Smart Capital SpA is a permanent capital industrial holding company specializing in private investments in public equity (PIPE) and private equity, focusing on small and medium-sized Italian companies, listed, unlisted or in the pre-IPO phase, operating both in Italy and abroad. It is characterized, also in its investment approach, by an entrepreneurial and longterm DNA. The company's main activity consists of acquiring shares and other financial instruments that allow the purchase or subscription of shares, including in the context of capital increases, at the time of listing or subsequently (such as the PIPE), reserved placements, public subscription and sale offers.
9GF Score

Get the complete analysis for MIL:SMCAP

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.55
Price