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Gruppo Green Power SpA (MIL:GGP) Receivables Turnover : 1.89 (As of Jun. 2020)


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What is Gruppo Green Power 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. Gruppo Green Power SpA's Revenue for the six months ended in Jun. 2020 was €3.33 Mil. Gruppo Green Power SpA's average Accounts Receivable for the six months ended in Jun. 2020 was €1.77 Mil. Hence, Gruppo Green Power SpA's Receivables Turnover for the six months ended in Jun. 2020 was 1.89.


Gruppo Green Power SpA Receivables Turnover Historical Data

The historical data trend for Gruppo Green Power 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.

Gruppo Green Power SpA Receivables Turnover Chart

Gruppo Green Power SpA Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 16.24 10.30 10.06 9.98 15.13

Gruppo Green Power SpA Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
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 4.32 4.43 7.19 6.32 1.89

Competitive Comparison of Gruppo Green Power SpA's Receivables Turnover

For the Solar subindustry, Gruppo Green Power 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.


Gruppo Green Power SpA's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Gruppo Green Power SpA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gruppo Green Power SpA's Receivables Turnover falls into.



Gruppo Green Power SpA Receivables Turnover Calculation

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

Gruppo Green Power SpA's Receivables Turnover for the fiscal year that ended in Dec. 2019 is calculated as

Receivables Turnover (A: Dec. 2019 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2019 ) / ((Accounts Receivable (A: Dec. 2018 ) + Accounts Receivable (A: Dec. 2019 )) / count )
=15.604 / ((1.275 + 0.787) / 2 )
=15.604 / 1.031
=15.13

Gruppo Green Power SpA's Receivables Turnover for the quarter that ended in Jun. 2020 is calculated as

Receivables Turnover (Q: Jun. 2020 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2020 ) / ((Accounts Receivable (Q: Dec. 2019 ) + Accounts Receivable (Q: Jun. 2020 )) / count )
=3.332 / ((0.787 + 2.747) / 2 )
=3.332 / 1.767
=1.89

* 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.


Gruppo Green Power SpA  (MIL:GGP) 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.


Gruppo Green Power SpA Receivables Turnover Related Terms

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Gruppo Green Power SpA (MIL:GGP) Business Description

Traded in Other Exchanges
N/A
Address
Via Varotara 57, Mirano, ITA, 30035
Gruppo Green Power S.p.A., provides services related to energy from renewable resources, such as water, sun, wind and geothermal energy. It offers photovoltaic systems, mini wind solar thermal systems and services.

Gruppo Green Power SpA (MIL:GGP) Headlines

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