Cube Labs SpA (MIL:CUBE) Receivables Turnover : 0.20 (As of Jun. 2023)

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What is Cube Labs 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. Cube Labs SpA's Revenue for the six months ended in Jun. 2023 was €0.75 Mil. Cube Labs SpA's average Accounts Receivable for the six months ended in Jun. 2023 was €3.85 Mil. Hence, Cube Labs SpA's Receivables Turnover for the six months ended in Jun. 2023 was 0.20.

Cube Labs SpA Receivables Turnover Historical Data

The historical data trend for Cube Labs 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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Cube Labs SpA Receivables Turnover Chart

Cube Labs SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

0.18

0.51

0.87

0.58

0.35

Cube Labs SpA Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial			0.37	0.24	0.21	0.15	0.20

Competitive Comparison of Cube Labs SpA's Receivables Turnover

For the Asset Management subindustry, Cube Labs 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.

Cube Labs SpA's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cube Labs SpA's Receivables Turnover distribution charts can be found below:

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

Cube Labs SpA Receivables Turnover Calculation

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

Cube Labs 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 )
=	1.001	/ (	(2.314	+	3.393)	/	2 )
=	1.001	/	2.8535
=	0.35

Cube Labs SpA's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.752	/ (	(3.393	+	4.298)	/	2 )
=	0.752	/	3.8455
=	0.20

Cube Labs SpA (MIL:CUBE) 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.

Cube Labs SpA Receivables Turnover Related Terms

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Cube Labs SpA (MIL:CUBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cube Labs SpA (MIL:CUBE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Giulio Caccini, 1, Rome, ITA, 00186

Website

https://cube-labs.com

Cube Labs SpA operates as a venture builder that enables innovation in the healthcare technology space. The company is engaged in attracting sources of financing and providing entrepreneurial and operational support to the companies to develop healthcare technologies for the market.