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Immsi SpA (FRA:IMY) Receivables Turnover : 6.90 (As of Mar. 2024)


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What is Immsi 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. Immsi SpA's Revenue for the three months ended in Mar. 2024 was €435 Mil. Immsi SpA's average Accounts Receivable for the three months ended in Mar. 2024 was €63 Mil. Hence, Immsi SpA's Receivables Turnover for the three months ended in Mar. 2024 was 6.90.


Immsi SpA Receivables Turnover Historical Data

The historical data trend for Immsi 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.

Immsi SpA Receivables Turnover Chart

Immsi SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.74 17.25 22.70 28.86 30.01

Immsi SpA 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 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 7.72 4.32 1.16 1.05 6.90

Competitive Comparison of Immsi SpA's Receivables Turnover

For the Auto Manufacturers subindustry, Immsi 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.


Immsi SpA's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Immsi SpA's Receivables Turnover distribution charts can be found below:

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



Immsi SpA Receivables Turnover Calculation

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

Immsi 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 )
=2021.128 / ((71.694 + 63.007) / 2 )
=2021.128 / 67.3505
=30.01

Immsi SpA's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=434.87 / ((63.007 + 0) / 1 )
=434.87 / 63.007
=6.90

* 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.


Immsi SpA  (FRA:IMY) 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.


Immsi SpA Receivables Turnover Related Terms

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Immsi SpA (FRA:IMY) Business Description

Traded in Other Exchanges
Address
Piazza Vilfredo Pareto, 3, Centro Direzionale Boma, Mantova, ITA, 46100
Immsi SpA is an Italy-based holding company. The company's operating segments include Property and holding; Industrial and Marine. It generates maximum revenue from the Industrial segment. The industrial segment is engaged in the manufacture and marketing of motorcycles, scooters, mopeds, and light commercial vehicles. Geographically, it derives a majority of revenue from Italy and also has a presence in the Rest of Europe; India; the United States, and the Rest of the World.

Immsi SpA (FRA:IMY) Headlines

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