Cleanbnb SpA (MIL:CBB) Receivables Turnover : 17.48 (As of Dec. 2023)

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What is Cleanbnb 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. Cleanbnb SpA's Revenue for the six months ended in Dec. 2023 was €8.78 Mil. Cleanbnb SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €0.50 Mil. Hence, Cleanbnb SpA's Receivables Turnover for the six months ended in Dec. 2023 was 17.48.

Cleanbnb SpA Receivables Turnover Historical Data

The historical data trend for Cleanbnb 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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Cleanbnb SpA Receivables Turnover Chart

Cleanbnb SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.75

7.68

49.44

41.78

34.08

Cleanbnb SpA Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							30.54	19.06	18.83	14.84	17.48

Competitive Comparison of Cleanbnb SpA's Receivables Turnover

For the Real Estate Services subindustry, Cleanbnb 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.

Cleanbnb SpA's Receivables Turnover Distribution in the Real Estate Industry

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

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

Cleanbnb SpA Receivables Turnover Calculation

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

Cleanbnb 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 )
=	14.84	/ (	(0.342	+	0.529)	/	2 )
=	14.84	/	0.4355
=	34.08

Cleanbnb 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 )
=	8.777	/ (	(0.475	+	0.529)	/	2 )
=	8.777	/	0.502
=	17.48

Cleanbnb SpA (MIL:CBB) 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.

Cleanbnb SpA Receivables Turnover Related Terms

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Cleanbnb SpA (MIL:CBB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cleanbnb SpA (MIL:CBB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Via Giuseppe Frua 20, Milano, ITA, 20146

Website

https://www.cleanbnb.net

Cleanbnb SpA is an Italy based company engaged in the management of apartments and holiday homes for short-term rentals. The service offerings of the company include Booking Management, Welcoming guests, Cleaning and Linen, Property management and Bureaucratic Management among others.