Ermenegildo Zegna NV (Ermenegildo Zegna NV) Receivables Turnover : 4.39 (As of Dec. 2023)

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What is Ermenegildo Zegna NV 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. Ermenegildo Zegna NV's Revenue for the six months ended in Dec. 2023 was $1,092 Mil. Ermenegildo Zegna NV's average Accounts Receivable for the six months ended in Dec. 2023 was $249 Mil. Hence, Ermenegildo Zegna NV's Receivables Turnover for the six months ended in Dec. 2023 was 4.39.

Ermenegildo Zegna NV Receivables Turnover Historical Data

The historical data trend for Ermenegildo Zegna NV'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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Ermenegildo Zegna NV Receivables Turnover Chart

Ermenegildo Zegna NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.69

6.73

8.34

8.57

9.23

Ermenegildo Zegna NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					4.37	4.29	4.42	4.63	4.39

Competitive Comparison of Ermenegildo Zegna NV's Receivables Turnover

For the Apparel Manufacturing subindustry, Ermenegildo Zegna NV'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.

Ermenegildo Zegna NV's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Ermenegildo Zegna NV's Receivables Turnover falls into.

Ermenegildo Zegna NV Receivables Turnover Calculation

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

Ermenegildo Zegna NV'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 )
=	2076.935	/ (	(187.726	+	262.221)	/	2 )
=	2076.935	/	224.9735
=	9.23

Ermenegildo Zegna NV'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 )
=	1092.137	/ (	(235.328	+	262.221)	/	2 )
=	1092.137	/	248.7745
=	4.39

Ermenegildo Zegna NV (NYSE:ZGN) 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.

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Ermenegildo Zegna NV (Ermenegildo Zegna NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ermenegildo Zegna NV (NYSE:ZGN) » Definitions » Receivables Turnover

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JN0:Germany

Address

99/100 Viale Roma, Valdilana location, Trivero, ITA, 13835

Website

https://www.zegnagroup.com

Ermenegildo Zegna NV designs, creates and distributes luxury menswear and accessories under the Zegna brand, as well as womenswear, menswear and accessories under the Thom Browne brand. It operates in two segments: the Zegna segment (comprising three product lines: Zegna Branded Products, Textile and Third Party Brands) and the Thom Browne segment.