Tatatu SPA (XPAR:ALTTU) Receivables Turnover : 0.60 (As of Jun. 2023)

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What is Tatatu 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. Tatatu SPA's Revenue for the six months ended in Jun. 2023 was €60.0 Mil. Tatatu SPA's average Accounts Receivable for the six months ended in Jun. 2023 was €100.5 Mil. Hence, Tatatu SPA's Receivables Turnover for the six months ended in Jun. 2023 was 0.60.

Tatatu SPA Receivables Turnover Historical Data

The historical data trend for Tatatu 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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Tatatu SPA Receivables Turnover Chart

Tatatu SPA Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

1.09

2.11

2.18

Tatatu SPA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial			1.71	0.39	2.41	0.73	0.60

Competitive Comparison of Tatatu SPA's Receivables Turnover

For the Software - Application subindustry, Tatatu 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.

Tatatu SPA's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Tatatu SPA's Receivables Turnover falls into.

Tatatu SPA Receivables Turnover Calculation

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

Tatatu 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 )
=	112.064	/ (	(22.298	+	80.338)	/	2 )
=	112.064	/	51.318
=	2.18

Tatatu 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 )
=	59.978	/ (	(80.338	+	120.627)	/	2 )
=	59.978	/	100.4825
=	0.60

Tatatu SPA (XPAR:ALTTU) 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.

Tatatu SPA Receivables Turnover Related Terms

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Tatatu SPA (XPAR:ALTTU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tatatu SPA (XPAR:ALTTU) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Barberini 29, Rome, ITA, 00187

Website

https://www.tatatu.com

Tatatu SPA is the social media and entertainment application. It rewards users for the value they generate by spending time on the platform. Users receive TTU Coins for viewing content and social media interactions. Users can post photos and videos and earn even more TTU Coins when someone likes, comments, views, or shares a post or when users invite a friend. Rewards can be redeemed by bidding at auctions for the chance to win exclusive products and experiences through affiliated merchants.

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