Nicolas Correa (XMAD:NEA) Receivables Turnover : 2.43 (As of Dec. 2023)

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What is Nicolas Correa 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. Nicolas Correa's Revenue for the six months ended in Dec. 2023 was €59.6 Mil. Nicolas Correa's average Accounts Receivable for the six months ended in Dec. 2023 was €24.5 Mil. Hence, Nicolas Correa's Receivables Turnover for the six months ended in Dec. 2023 was 2.43.

Nicolas Correa Receivables Turnover Historical Data

The historical data trend for Nicolas Correa'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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Nicolas Correa Receivables Turnover Chart

Nicolas Correa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.28

4.00

3.94

4.76

4.88

Nicolas Correa Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.85	1.80	2.18	2.31	2.43

Competitive Comparison of Nicolas Correa's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Nicolas Correa'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.

Nicolas Correa's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Nicolas Correa's Receivables Turnover falls into.

Nicolas Correa Receivables Turnover Calculation

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

Nicolas Correa'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 )
=	109.861	/ (	(19.795	+	25.265)	/	2 )
=	109.861	/	22.53
=	4.88

Nicolas Correa'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 )
=	59.582	/ (	(23.828	+	25.265)	/	2 )
=	59.582	/	24.5465
=	2.43

Nicolas Correa (XMAD:NEA) 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.

Nicolas Correa Receivables Turnover Related Terms

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Nicolas Correa (XMAD:NEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nicolas Correa SA (XMAD:NEA) » Definitions » Receivables Turnover

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0FDN:UK

Address

Alcalde Martin Cobos 16A, Burgos, ESP, 09007

Website

https://www.nicolascorrea.com

Nicolas Correa SA is primarily engaged in the design and manufacture of milling machines. The company mainly specializes in the provision of milling solutions for the manufacturers of dies and moulds, monolithic elements for aeronautics, automotive, railway, wind, energy, as well as energy and general mechanical sectors, among others.