Dexelance SpA (MIL:DEX) Receivables Turnover : 1.79 (As of Mar. 2024)

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What is Dexelance 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. Dexelance SpA's Revenue for the three months ended in Mar. 2024 was €72.7 Mil. Dexelance SpA's average Accounts Receivable for the three months ended in Mar. 2024 was €40.7 Mil. Hence, Dexelance SpA's Receivables Turnover for the three months ended in Mar. 2024 was 1.79.

Dexelance SpA Receivables Turnover Historical Data

The historical data trend for Dexelance 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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Dexelance SpA Receivables Turnover Chart

Dexelance SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

6.99

8.35

9.83

9.45

Dexelance SpA Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial						2.43	2.32	1.90	2.46	1.79

Competitive Comparison of Dexelance SpA's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Dexelance 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.

Dexelance SpA's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Dexelance SpA's Receivables Turnover distribution charts can be found below:

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

Dexelance SpA Receivables Turnover Calculation

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

Dexelance 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 )
=	287.35	/ (	(21.831	+	38.961)	/	2 )
=	287.35	/	30.396
=	9.45

Dexelance 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 )
=	72.743	/ (	(38.961	+	42.524)	/	2 )
=	72.743	/	40.7425
=	1.79

Dexelance SpA (MIL:DEX) 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.

Dexelance SpA Receivables Turnover Related Terms

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