Illa SpA (MIL:ILLA) Receivables Turnover : 1.39 (As of Jun. 2023)

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What is Illa 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. Illa SpA's Revenue for the six months ended in Jun. 2023 was €5.34 Mil. Illa SpA's average Accounts Receivable for the six months ended in Jun. 2023 was €3.85 Mil. Hence, Illa SpA's Receivables Turnover for the six months ended in Jun. 2023 was 1.39.

Illa SpA Receivables Turnover Historical Data

The historical data trend for Illa 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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Illa SpA Receivables Turnover Chart

Illa SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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7.62

6.26

5.47

5.17

Illa SpA Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Receivables Turnover	Get a 7-Day Free Trial										2.59	1.97	1.92	2.80	1.39

Competitive Comparison of Illa SpA's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Illa 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.

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

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

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

Illa SpA Receivables Turnover Calculation

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

Illa 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 )
=	0	/ (	(3.739	+	3.109)	/	2 )
=	0	/	3.424
=	N/A

Illa 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: Jun. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	5.344	/ (	(4.749	+	2.95)	/	2 )
=	5.344	/	3.8495
=	1.39

Illa SpA (MIL:ILLA) 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.

Illa SpA Receivables Turnover Related Terms

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Illa SpA (MIL:ILLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Illa SpA (MIL:ILLA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

9WT:Germany

Address

Via Ghisolfi Guareschi, 11, Ca' Pastori-Gandiolo, Parma, ITA, 43015

Website

http://www.illa.it

Illa SpA is engaged in the manufacture and distribution of aluminum cookware products. The company is involved in the development, production, and marketing of kitchen utensils aluminum with non-stick coating specifically for pots, pans, casseroles, and pans. It produces its own brand for individual shops and franchises and small retail chains. The company markets its product in Italy.

Illa SpA (MIL:ILLA) Headlines

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