Almawave SpA (MIL:AIW) Receivables Turnover : 0.65 (As of Dec. 2023)

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What is Almawave 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. Almawave SpA's Revenue for the six months ended in Dec. 2023 was €29.81 Mil. Almawave SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €45.82 Mil. Hence, Almawave SpA's Receivables Turnover for the six months ended in Dec. 2023 was 0.65.

Almawave SpA Receivables Turnover Historical Data

The historical data trend for Almawave 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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Almawave SpA Receivables Turnover Chart

Almawave SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.35

1.40

1.39

1.46

1.34

Almawave SpA Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial						0.73	0.69	0.71	0.65	0.65

Competitive Comparison of Almawave SpA's Receivables Turnover

For the Information Technology Services subindustry, Almawave 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.

Almawave SpA's Receivables Turnover Distribution in the Software Industry

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

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

Almawave SpA Receivables Turnover Calculation

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

Almawave 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 )
=	57.491	/ (	(39.282	+	46.41)	/	2 )
=	57.491	/	42.846
=	1.34

Almawave 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 )
=	29.814	/ (	(45.228	+	46.41)	/	2 )
=	29.814	/	45.819
=	0.65

Almawave SpA (MIL:AIW) 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.

Almawave SpA Receivables Turnover Related Terms

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Almawave SpA (MIL:AIW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Almawave SpA (MIL:AIW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

101:Germany

Address

188/190, Via di Casal Boccone, Rome, ITA, 00137

Website

https://www.almawave.com/en

Almawave SpA is an Italian player in artificial intelligence and natural language analysis. It brings breed technologies and exhaustive Big data-oriented services to support the digital enhancement of enterprises and public administrations. The company's platform leverages cutting-edge proprietary technologies and applied services for Big Data, Data Science, Machine Learning, AI Architecture, and Integration, to interpret text and voice in over 30 languages, interacting in multi-channel mode, analyzing data and information with a view to knowledge development and automation.

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