Vetrya SpA (MIL:VTY) Receivables Turnover : 0.79 (As of Jun. 2021)

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What is Vetrya 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. Vetrya SpA's Revenue for the six months ended in Jun. 2021 was €4.77 Mil. Vetrya SpA's average Accounts Receivable for the six months ended in Jun. 2021 was €6.07 Mil. Hence, Vetrya SpA's Receivables Turnover for the six months ended in Jun. 2021 was 0.79.

Vetrya SpA Receivables Turnover Historical Data

The historical data trend for Vetrya 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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Vetrya SpA Receivables Turnover Chart

Vetrya SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

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4.60

5.27

3.58

1.83

2.92

Vetrya SpA Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Receivables Turnover	Get a 7-Day Free Trial							0.78	0.80	1.37	1.82	0.79

Competitive Comparison of Vetrya SpA's Receivables Turnover

For the Telecom Services subindustry, Vetrya 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.

Vetrya SpA's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Vetrya SpA's Receivables Turnover distribution charts can be found below:

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

Vetrya SpA Receivables Turnover Calculation

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

Vetrya SpA's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	38.561	/ (	(19.491	+	6.949)	/	2 )
=	38.561	/	13.22
=	2.92

Vetrya SpA's Receivables Turnover for the quarter that ended in Jun. 2021 is calculated as

	Receivables Turnover (Q: Jun. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2021 )	/ (	(Accounts Receivable (Q: Dec. 2020 )	+	Accounts Receivable (Q: Jun. 2021 ))	/	count )
=	4.774	/ (	(6.949	+	5.185)	/	2 )
=	4.774	/	6.067
=	0.79

Vetrya SpA (MIL:VTY) 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.

Vetrya SpA Receivables Turnover Related Terms

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Vetrya SpA (MIL:VTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Vetrya SpA (MIL:VTY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via dell’Innovazione, 1 e 1A, Orvieto, ITA, 05018

Website

http://www.vetrya.com

Vetrya SpA is engaged in the development of digital services, applications and broadband solutions. Its solutions include Eclexia, Wonda mobile hub, Visidea video syndication, tivin, digital pay and Visyd ADV digital advertising. The company offers wide range of cloud multi screen platforms for broadband telecommunications networks, media asset management, mobile entertainment, mobile commerce, value-added services, carrier billing, Internet TV, broadcasting, digital advertising and content production.

Vetrya SpA (MIL:VTY) Headlines

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