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Leonardo SpA (Leonardo SpA) Receivables Turnover : 1.48 (As of Dec. 2023)


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What is Leonardo 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. Leonardo SpA's Revenue for the three months ended in Dec. 2023 was $5,477 Mil. Leonardo SpA's average Accounts Receivable for the three months ended in Dec. 2023 was $3,710 Mil. Hence, Leonardo SpA's Receivables Turnover for the three months ended in Dec. 2023 was 1.48.

Leonardo SpA Receivables Turnover Historical Data

The historical data trend for Leonardo 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.

Leonardo SpA Receivables Turnover Chart

Leonardo SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.59 4.65 4.37 4.36 4.65

Leonardo SpA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.91 1.13 0.96 1.48 1.09

Competitive Comparison of Leonardo SpA's Receivables Turnover

For the Aerospace & Defense subindustry, Leonardo 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.

Leonardo SpA's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Leonardo SpA's Receivables Turnover distribution charts can be found below:

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


Leonardo SpA Receivables Turnover Calculation

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

Leonardo 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 )
=16675.027 / ((3536.017 + 3640.131) / 2 )
=16675.027 / 3588.074
=4.65

Leonardo 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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=5476.554 / ((3779.082 + 3640.131) / 2 )
=5476.554 / 3709.6065
=1.48

* 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.

Leonardo SpA  (OTCPK:FINMY) 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.

Leonardo SpA Receivables Turnover Related Terms

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Leonardo SpA (Leonardo SpA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Leonardo SpA (OTCPK:FINMY) » Definitions » Receivables Turnover
Comparable Companies
MIL:FCT MIL:AVIO MIL:DTH MIL:OS MIL:PAG GE RTX XPAR:AIR LMT BA XPAR:SAF GD NOC TDG LSE:BA. LSE:RR. LHX XPAR:HO BOM:541154 HWM
Traded in Other Exchanges
FINMF:USA LDO:Italy LDOm:UK 0ONG:UK FMNB:Germany LDO:Austria
Address
Piazza Monte Grappa 4, Rome, ITA, 00195
Website
http://www.leonardocompany.com
Leonardo is one of the largest European defense firms, with 30% of its shares owned by the Italian government. The group's divisions include helicopters; defense, electronics, and security systems; and aeronautics. The helicopter division serves both military and civil markets through AgustaWestland. DES has access to the U.S. defense market through the DRS subsidiary. The aeronautics division cooperates in international programs, such as Eurofighter Typhoon, F-35, and the new Tempest, and supplies aerostructures to large commercial aircraft programs.