Valtecne SpA (MIL:VLT) Receivables Turnover : 2.02 (As of Jun. 2024)

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What is Valtecne 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. Valtecne SpA's Revenue for the six months ended in Jun. 2024 was €17.08 Mil. Valtecne SpA's average Accounts Receivable for the six months ended in Jun. 2024 was €8.48 Mil. Hence, Valtecne SpA's Receivables Turnover for the six months ended in Jun. 2024 was 2.02.

Valtecne SpA Receivables Turnover Historical Data

The historical data trend for Valtecne 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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Valtecne SpA Receivables Turnover Chart

Valtecne SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

4.07

3.82

3.42

3.86

4.06

Valtecne SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial				1.26	2.07	1.53	2.02	1.84

Competitive Comparison of Valtecne SpA's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Valtecne 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.

Valtecne SpA's Receivables Turnover Distribution in the Industrial Products Industry

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

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

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Valtecne SpA Receivables Turnover Calculation

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

Valtecne 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 )
=	30.725	/ (	(7.211	+	8.726)	/	2 )
=	30.725	/	7.9685
=	3.86

Valtecne SpA's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	17.08	/ (	(8.726	+	8.224)	/	2 )
=	17.08	/	8.475
=	2.02

Valtecne SpA (MIL:VLT) 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.

Valtecne SpA Receivables Turnover Related Terms

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