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Franchi Umberto Marmi SpA (MIL:FUM) Receivables Turnover : 1.08 (As of Dec. 2023)


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What is Franchi Umberto Marmi 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. Franchi Umberto Marmi SpA's Revenue for the six months ended in Dec. 2023 was €36.38 Mil. Franchi Umberto Marmi SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €33.79 Mil. Hence, Franchi Umberto Marmi SpA's Receivables Turnover for the six months ended in Dec. 2023 was 1.08.


Franchi Umberto Marmi SpA Receivables Turnover Historical Data

The historical data trend for Franchi Umberto Marmi 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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Franchi Umberto Marmi SpA Receivables Turnover Chart

Franchi Umberto Marmi SpA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 2.91 2.06 2.29 2.61 2.39

Franchi Umberto Marmi SpA Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.99 1.14 0.94 1.20 1.08

Competitive Comparison of Franchi Umberto Marmi SpA's Receivables Turnover

For the Building Products & Equipment subindustry, Franchi Umberto Marmi 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.


Franchi Umberto Marmi SpA's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Franchi Umberto Marmi SpA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Franchi Umberto Marmi SpA's Receivables Turnover falls into.



Franchi Umberto Marmi SpA Receivables Turnover Calculation

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

Franchi Umberto Marmi 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 )
=74.175 / ((28.57 + 33.376) / 2 )
=74.175 / 30.973
=2.39

Franchi Umberto Marmi 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 )
=36.38 / ((34.211 + 33.376) / 2 )
=36.38 / 33.7935
=1.08

* 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.


Franchi Umberto Marmi SpA  (MIL:FUM) 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.


Franchi Umberto Marmi SpA Receivables Turnover Related Terms

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Franchi Umberto Marmi SpA (MIL:FUM) Business Description

Traded in Other Exchanges
N/A
Address
via Del Bravo 14 - 16, Carrara, ITA, 20121
Franchi Umberto Marmi SpA is engaged in the manufacturing, cutting, and shaping of stones, tiles, marbles, granite and other stones. The products of the company are used in the construction industry.

Franchi Umberto Marmi SpA (MIL:FUM) Headlines

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