It Way (MIL:ITW) Receivables Turnover : 0.88 (As of Dec. 2023)

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What is It Way 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. It Way's Revenue for the three months ended in Dec. 2023 was €18.28 Mil. It Way's average Accounts Receivable for the three months ended in Dec. 2023 was €20.77 Mil. Hence, It Way's Receivables Turnover for the three months ended in Dec. 2023 was 0.88.

It Way Receivables Turnover Historical Data

The historical data trend for It Way'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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It Way Receivables Turnover Chart

It Way Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.75

1.90

2.13

2.08

2.24

It Way Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.45	0.84	0.63	0.88	0.50

Competitive Comparison of It Way's Receivables Turnover

For the Information Technology Services subindustry, It Way'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.

It Way's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, It Way's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where It Way's Receivables Turnover falls into.

It Way Receivables Turnover Calculation

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

It Way'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 )
=	47.388	/ (	(21.469	+	20.774)	/	2 )
=	47.388	/	21.1215
=	2.24

It Way'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	18.28	/ (	(0	+	20.774)	/	1 )
=	18.28	/	20.774
=	0.88

It Way (MIL:ITW) 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.

It Way Receivables Turnover Related Terms

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It Way (MIL:ITW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » It Way (MIL:ITW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Viale Achille Papa, 30, Ravenna, ITA, 48124

Website

http://www.itway.com

It Way is an Italy-based company that operates in the information technology (IT) industry. The company's segment includes VAD and Others. It generates maximum revenue from the VAD segment. It has three reference sectors namely Valued Added Distribution and Value Added Reseller and Value Added Services. The company focuses on distribution and integration of products and services for logical security of IT systems, professional services and production of solutions and software technologies for e-business and professional services as system integrators and centralization of applications.