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Giglio Group SpA (MIL:GG) Receivables Turnover : 0.64 (As of Sep. 2023)


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What is Giglio Group 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. Giglio Group SpA's Revenue for the three months ended in Sep. 2023 was €7.22 Mil. Giglio Group SpA's average Accounts Receivable for the three months ended in Sep. 2023 was €11.26 Mil. Hence, Giglio Group SpA's Receivables Turnover for the three months ended in Sep. 2023 was 0.64.


Giglio Group SpA Receivables Turnover Historical Data

The historical data trend for Giglio Group 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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Giglio Group SpA Receivables Turnover Chart

Giglio Group SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 2.43 3.68 4.64 4.59 4.21

Giglio Group SpA Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.88 0.91 0.80 0.71 0.64

Competitive Comparison of Giglio Group SpA's Receivables Turnover

For the Internet Content & Information subindustry, Giglio Group 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.


Giglio Group SpA's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Giglio Group SpA's Receivables Turnover distribution charts can be found below:

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



Giglio Group SpA Receivables Turnover Calculation

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

Giglio Group 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 )
=37.098 / ((8.595 + 9.027) / 2 )
=37.098 / 8.811
=4.21

Giglio Group SpA's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=7.215 / ((11.063 + 11.462) / 2 )
=7.215 / 11.2625
=0.64

* 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.


Giglio Group SpA  (MIL:GG) 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.


Giglio Group SpA Receivables Turnover Related Terms

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Giglio Group SpA (MIL:GG) Business Description

Traded in Other Exchanges
Address
Piazza Diaz 6, Milan, ITA, 20123
Giglio Group SpA is engaged in the e-commerce of high-end fashion products, in the design products' sector and in the food segment.. It offers tailor-made B2B and B2C services to the Luxury Fashion industry as well as other industries, mainly with "Made in Italy" brands. It operates through the below segments: B2B e-commerce, B2C e-commerce and Corporate. It generates majority revenue from the B2B e-commerce.