Racing Force SpA (XPAR:ALRFG) Receivables Turnover : 2.02 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Racing Force 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. Racing Force SpA's Revenue for the three months ended in Dec. 2023 was €25.45 Mil. Racing Force SpA's average Accounts Receivable for the three months ended in Dec. 2023 was €12.58 Mil. Hence, Racing Force SpA's Receivables Turnover for the three months ended in Dec. 2023 was 2.02.

Racing Force SpA Receivables Turnover Historical Data

The historical data trend for Racing Force 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.

* Premium members only.

Racing Force SpA Receivables Turnover Chart

Racing Force SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

5.41

6.71

6.54

5.82

Racing Force SpA Quarterly Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			2.63	3.60	2.38	3.07	2.02

Competitive Comparison of Racing Force SpA's Receivables Turnover

For the Leisure subindustry, Racing Force 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.

Racing Force SpA's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Racing Force SpA's Receivables Turnover distribution charts can be found below:

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

Racing Force SpA Receivables Turnover Calculation

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

Racing Force 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 )
=	62.656	/ (	(10.315	+	11.215)	/	2 )
=	62.656	/	10.765
=	5.82

Racing Force 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 )
=	25.452	/ (	(13.952	+	11.215)	/	2 )
=	25.452	/	12.5835
=	2.02

Racing Force SpA (XPAR:ALRFG) 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.

Racing Force SpA Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Racing Force SpA's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Racing Force SpA (XPAR:ALRFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Racing Force SpA (XPAR:ALRFG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

RFG:Italy

Address

via Bazzano 5, Ronco Scrivia, Genoa, ITA, 16019

Website

https://www.racingforce.com

Racing Force SpA is engaged in the field of design and manufacture of motorsport safety products. Its product range spans from suits, gloves, shoes, seats, harnesses, helmets, rollbars, racing nets, steering wheels, fire extinguisher systems, and intercoms, to other accessories strictly related to the motorsport industry.

Racing Force SpA (XPAR:ALRFG) Headlines

No Headlines