Directa Sim SpA (MIL:D) Receivables Turnover : 50.51 (As of Dec. 2023)

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What is Directa Sim 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. Directa Sim SpA's Revenue for the six months ended in Dec. 2023 was €9.19 Mil. Directa Sim SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €0.18 Mil. Hence, Directa Sim SpA's Receivables Turnover for the six months ended in Dec. 2023 was 50.51.

Directa Sim SpA Receivables Turnover Historical Data

The historical data trend for Directa Sim 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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Directa Sim SpA Receivables Turnover Chart

Directa Sim SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

79.13

197.69

198.75

166.34

205.84

Directa Sim SpA Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				83.32	73.79	80.53	60.98	50.51

Competitive Comparison of Directa Sim SpA's Receivables Turnover

For the Capital Markets subindustry, Directa Sim 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.

Directa Sim SpA's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Directa Sim SpA's Receivables Turnover distribution charts can be found below:

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

Directa Sim SpA Receivables Turnover Calculation

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

Directa Sim 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 )
=	19.04	/ (	(0.072	+	0.113)	/	2 )
=	19.04	/	0.0925
=	205.84

Directa Sim 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 )
=	9.192	/ (	(0.251	+	0.113)	/	2 )
=	9.192	/	0.182
=	50.51

Directa Sim SpA (MIL:D) 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.

Directa Sim SpA Receivables Turnover Related Terms

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Directa Sim SpA (MIL:D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Directa Sim SpA (MIL:D) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ZP7:Germany

Address

Via Bruno Buozzi, 5, Torino, ITA, 10121

Website

https://www.directa.it

Directa Sim SpA is an online brokerage firm that allows private investors to operate directly on financial markets. The financial products of the company include Stocks, Bonds, Futures, Funds, Options, and Certificates & CW, among others.