Vimi Fasteners SpA (MIL:VIM) Receivables Turnover : 1.82 (As of Dec. 2023)

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What is Vimi Fasteners 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. Vimi Fasteners SpA's Revenue for the six months ended in Dec. 2023 was €28.96 Mil. Vimi Fasteners SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €15.88 Mil. Hence, Vimi Fasteners SpA's Receivables Turnover for the six months ended in Dec. 2023 was 1.82.

Vimi Fasteners SpA Receivables Turnover Historical Data

The historical data trend for Vimi Fasteners 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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Vimi Fasteners SpA Receivables Turnover Chart

Vimi Fasteners SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

4.18

3.92

4.52

5.16

4.67

Vimi Fasteners SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial										2.16	2.38	2.53	2.33	1.82

Competitive Comparison of Vimi Fasteners SpA's Receivables Turnover

For the Tools & Accessories subindustry, Vimi Fasteners 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.

Vimi Fasteners SpA's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vimi Fasteners SpA's Receivables Turnover distribution charts can be found below:

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

Vimi Fasteners SpA Receivables Turnover Calculation

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

Vimi Fasteners 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 )
=	59.169	/ (	(9.758	+	15.609)	/	2 )
=	59.169	/	12.6835
=	4.67

Vimi Fasteners 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 )
=	28.96	/ (	(16.15	+	15.609)	/	2 )
=	28.96	/	15.8795
=	1.82

Vimi Fasteners SpA (MIL:VIM) 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.

Vimi Fasteners SpA Receivables Turnover Related Terms

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Vimi Fasteners SpA (MIL:VIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vimi Fasteners SpA (MIL:VIM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Via Labriola, 19, Novellara, Reggio Emilia, ITA, 42017

Website

http://www.vimifasteners.com

Vimi Fasteners SpA is an Italy based company. It is engaged in design and manufacture of mechanical fasteners. The company serves different markets namely Automotive, Industrial Engines and Vehicles, Oil and Gas and Aerospace and Motorsport. The company offers Turbocharger, Engine, Manifold and Exhaust System, Power Transmission, Braking System and Suspension and Wheel. The company products are crankcase screws and studs, cylinder head screws, flywheel bolts and others.

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