Planetel SpA (MIL:PLN) Receivables Turnover : 1.88 (As of Dec. 2023)

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What is Planetel 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. Planetel SpA's Revenue for the six months ended in Dec. 2023 was €17.29 Mil. Planetel SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €9.18 Mil. Hence, Planetel SpA's Receivables Turnover for the six months ended in Dec. 2023 was 1.88.

Planetel SpA Receivables Turnover Historical Data

The historical data trend for Planetel 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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Planetel SpA Receivables Turnover Chart

Planetel SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.58

3.10

3.24

3.85

3.59

Planetel SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					1.63	1.84	2.01	1.86	1.88

Competitive Comparison of Planetel SpA's Receivables Turnover

For the Telecom Services subindustry, Planetel 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.

Planetel SpA's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Planetel SpA's Receivables Turnover distribution charts can be found below:

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

Planetel SpA Receivables Turnover Calculation

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

Planetel 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 )
=	33.267	/ (	(8.684	+	9.846)	/	2 )
=	33.267	/	9.265
=	3.59

Planetel 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 )
=	17.29	/ (	(8.505	+	9.846)	/	2 )
=	17.29	/	9.1755
=	1.88

Planetel SpA (MIL:PLN) 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.

Planetel SpA Receivables Turnover Related Terms

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Planetel SpA (MIL:PLN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Planetel SpA (MIL:PLN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Boffalora, 4, Treviolo, ITA, 24048

Website

https://www.planetel.it

Planetel SpA provides telecommunication services. The company offers wireless internet services, voice and video calling services, cloud services, and other related services.

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