Industrie De Nora spa (CHIX:DNRM) Receivables Turnover : 1.23 (As of Mar. 2024)

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What is Industrie De Nora 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. Industrie De Nora spa's Revenue for the three months ended in Mar. 2024 was €189.1 Mil. Industrie De Nora spa's average Accounts Receivable for the three months ended in Mar. 2024 was €153.3 Mil. Hence, Industrie De Nora spa's Receivables Turnover for the three months ended in Mar. 2024 was 1.23.

Industrie De Nora spa Receivables Turnover Historical Data

The historical data trend for Industrie De Nora 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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Industrie De Nora spa Receivables Turnover Chart

Industrie De Nora spa Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

5.44

5.43

5.34

6.48

6.46

Industrie De Nora spa Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial										1.61	1.45	1.52	1.61	1.23

Competitive Comparison of Industrie De Nora spa's Receivables Turnover

For the Specialty Chemicals subindustry, Industrie De Nora 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.

Industrie De Nora spa's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Industrie De Nora spa's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Industrie De Nora spa's Receivables Turnover falls into.

Industrie De Nora spa Receivables Turnover Calculation

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

Industrie De Nora 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 )
=	856.411	/ (	(123.421	+	141.927)	/	2 )
=	856.411	/	132.674
=	6.46

Industrie De Nora spa's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	189.131	/ (	(141.927	+	164.673)	/	2 )
=	189.131	/	153.3
=	1.23

Industrie De Nora spa (CHIX:DNRm) 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.

Industrie De Nora spa Receivables Turnover Related Terms

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Industrie De Nora spa (CHIX:DNRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Industrie De Nora spa (CHIX:DNRm) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DNR:Italy M3D:Germany

Address

Via Leonardo Bistolfi, 35, Milan, ITA, 20134

Website

https://www.denora.com

Industrie De Nora spa manufactures and distributes chemicals. The Group is organized into three business segments: the Electrode Technologies business. Energy Transition business and the Water Technologies business. Electrode Technologies segment earns the majority of companies revenues.

Industrie De Nora spa (CHIX:DNRM) Headlines

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