Pattern SpA (MIL:PTR) Receivables Turnover : 3.16 (As of Dec. 2023)

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What is Pattern 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. Pattern SpA's Revenue for the six months ended in Dec. 2023 was €74.6 Mil. Pattern SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €23.6 Mil. Hence, Pattern SpA's Receivables Turnover for the six months ended in Dec. 2023 was 3.16.

Pattern SpA Receivables Turnover Historical Data

The historical data trend for Pattern 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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Pattern SpA Receivables Turnover Chart

Pattern SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.37

6.30

5.79

5.52

6.53

Pattern SpA Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								2.75	2.96	2.95	2.78	3.16

Competitive Comparison of Pattern SpA's Receivables Turnover

For the Apparel Manufacturing subindustry, Pattern 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.

Pattern SpA's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pattern SpA's Receivables Turnover distribution charts can be found below:

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

Pattern SpA Receivables Turnover Calculation

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

Pattern 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 )
=	145.598	/ (	(24.212	+	20.388)	/	2 )
=	145.598	/	22.3
=	6.53

Pattern 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 )
=	74.591	/ (	(26.832	+	20.388)	/	2 )
=	74.591	/	23.61
=	3.16

Pattern SpA (MIL:PTR) 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.

Pattern SpA Receivables Turnover Related Terms

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Pattern SpA (MIL:PTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pattern SpA (MIL:PTR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Italia, 6/A10093, Collegno, Torino, ITA

Website

https://www.pattern.it

Pattern SpA is an Italy based company focused on the apparels industry. Its business process comprises of Pattern and Garment Engineering, Prototyping and Sampling and Manufacturing and Producing of Garments.

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