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IIG SpA (MIL:IIG) Receivables Turnover : 0.54 (As of Jun. 2023)


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What is IIG 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. IIG SpA's Revenue for the six months ended in Jun. 2023 was €0.31 Mil. IIG SpA's average Accounts Receivable for the six months ended in Jun. 2023 was €0.57 Mil. Hence, IIG SpA's Receivables Turnover for the six months ended in Jun. 2023 was 0.54.


IIG SpA Receivables Turnover Historical Data

The historical data trend for IIG 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.

IIG SpA Receivables Turnover Chart

IIG SpA Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.39 0.71 1.24 0.80 1.08

IIG SpA Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 1.47 - 0.74 0.07 0.54

Competitive Comparison of IIG SpA's Receivables Turnover

For the Medical Instruments & Supplies subindustry, IIG 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.


IIG SpA's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, IIG SpA's Receivables Turnover distribution charts can be found below:

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



IIG SpA Receivables Turnover Calculation

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

IIG 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 )
=1.944 / ((3.013 + 0.589) / 2 )
=1.944 / 1.801
=1.08

IIG SpA's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=0.312 / ((0.589 + 0.56) / 2 )
=0.312 / 0.5745
=0.54

* 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.


IIG SpA  (MIL:IIG) 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.


IIG SpA Receivables Turnover Related Terms

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IIG SpA (MIL:IIG) Business Description

Traded in Other Exchanges
N/A
Address
C.So Xi Febbraio, Turin, ITA
Italia Independent Group SpA operates in the eyewear and lifestyle poducts. It produces and distributes eyeglasses, sunglasses, optical frames and eyeglass frames. The group is also involved in entrepreneurial and commercial initiatives in the fields of communication, design and style.

IIG SpA (MIL:IIG) Headlines

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