Convergenze SpA (MIL:CVG) Receivables Turnover : 3.46 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Convergenze 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. Convergenze SpA's Revenue for the six months ended in Dec. 2023 was €12.44 Mil. Convergenze SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €3.60 Mil. Hence, Convergenze SpA's Receivables Turnover for the six months ended in Dec. 2023 was 3.46.

Convergenze SpA Receivables Turnover Historical Data

The historical data trend for Convergenze 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.

Convergenze SpA Receivables Turnover Chart

Convergenze SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

8.87

8.04

8.20

9.78

6.23

Convergenze SpA Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial						4.19	4.28	4.71	3.18	3.46

Competitive Comparison of Convergenze SpA's Receivables Turnover

For the Telecom Services subindustry, Convergenze 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.

Convergenze SpA's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Convergenze SpA's Receivables Turnover distribution charts can be found below:

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

Convergenze SpA Receivables Turnover Calculation

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

Convergenze 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 )
=	22.86	/ (	(3.346	+	3.99)	/	2 )
=	22.86	/	3.668
=	6.23

Convergenze 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 )
=	12.443	/ (	(3.2	+	3.99)	/	2 )
=	12.443	/	3.595
=	3.46

Convergenze SpA (MIL:CVG) 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.

Convergenze SpA Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Convergenze SpA's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Convergenze SpA (MIL:CVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Convergenze SpA (MIL:CVG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Magna Graecia 136, Capaccio Paestum, Salerno, ITA, 84047

Website

https://www.convergenze.it

Convergenze SpA is engaged in providing telecommunication services. The company wireless internet services, mobile calling and data services, television subscription services, voice call services, and other related services.