Arras Group SpA (MIL:AGU) Receivables Turnover : 0.34 (As of Dec. 2022)

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What is Arras Group 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. Arras Group SpA's Revenue for the six months ended in Dec. 2022 was €0.07 Mil. Arras Group SpA's average Accounts Receivable for the six months ended in Dec. 2022 was €0.19 Mil. Hence, Arras Group SpA's Receivables Turnover for the six months ended in Dec. 2022 was 0.34.

Arras Group SpA Receivables Turnover Historical Data

The historical data trend for Arras Group 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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Arras Group SpA Receivables Turnover Chart

Arras Group SpA Annual Data

Trend

Dec21

Dec22

Receivables Turnover

0.07

0.34

Arras Group SpA Semi-Annual Data
	Dec21	Dec22
Receivables Turnover	0.07	0.34

Competitive Comparison of Arras Group SpA's Receivables Turnover

For the Real Estate - Development subindustry, Arras Group 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.

Arras Group SpA's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Arras Group SpA's Receivables Turnover distribution charts can be found below:

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

Arras Group SpA Receivables Turnover Calculation

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

Arras Group SpA's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0.066	/ (	(0.058	+	0.326)	/	2 )
=	0.066	/	0.192
=	0.34

Arras Group SpA's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	0.066	/ (	(0.058	+	0.326)	/	2 )
=	0.066	/	0.192
=	0.34

Arras Group SpA (MIL:AGU) 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.

Arras Group SpA Receivables Turnover Related Terms

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Arras Group SpA (MIL:AGU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Arras Group SpA (MIL:AGU) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

6ZU:Germany

Address

Largo Domodossola 7, Milan, ITA, 20145

Website

https://www.arrasgroupspa.com

Arras Group SpA is a technological real estate development company for second homes, which currently operates in the Sardinian territory (in particular, in the north and south of the island), and is aimed at both Italian and foreign high-income customers. The Real Estate Projects developed by the Group typically arise in prestigious seaside locations in Sardinia, with the possibility of enjoying large internal and external spaces, as usually requested by national and international buyers interested in buying second homes. Its projects include Cannigione Sunrise, I Villini del Poetto, Seaside Costa Paradiso, The Tower Calasetta, Castle View, and others.