Prima Moda (WAR:PMA) Receivables Turnover : 0.55 (As of Mar. 2023)

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What is Prima Moda 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. Prima Moda's Revenue for the three months ended in Mar. 2023 was zł0.72 Mil. Prima Moda's average Accounts Receivable for the three months ended in Mar. 2023 was zł1.32 Mil. Hence, Prima Moda's Receivables Turnover for the three months ended in Mar. 2023 was 0.55.

Prima Moda Receivables Turnover Historical Data

The historical data trend for Prima Moda'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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Prima Moda Receivables Turnover Chart

Prima Moda Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

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28.97

17.80

24.33

Prima Moda Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23
Receivables Turnover	Get a 7-Day Free Trial															4.90	8.14	1.73	1.55	0.55

Competitive Comparison of Prima Moda's Receivables Turnover

For the Footwear & Accessories subindustry, Prima Moda'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.

Prima Moda's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Prima Moda's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Prima Moda's Receivables Turnover falls into.

Prima Moda Receivables Turnover Calculation

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

Prima Moda's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	13.174	/ (	(0.897	+	0.186)	/	2 )
=	13.174	/	0.5415
=	24.33

Prima Moda's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	0.723	/ (	(1.638	+	0.993)	/	2 )
=	0.723	/	1.3155
=	0.55

Prima Moda (WAR:PMA) 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.

Prima Moda Receivables Turnover Related Terms

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Prima Moda (WAR:PMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Prima Moda SA (WAR:PMA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Parafialna 27, Wroclaw, POL, 52-233

Website

http://www.primamoda.com.pl

Prima Moda SA is engaged in the retail sale of men's and women's footwear, leather goods and accessories. Its products includes small and large handbags, shoes, boots, snowboots, sandals, slippers, moccasins, clutches, belts, socks, wallets, glasses, keyrings, hats and scarves, bracelets and others.

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