Palingeo SpA (MIL:PAL) Receivables Turnover : 0.00 (As of Jun. 2023)

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What is Palingeo 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. Palingeo SpA's Revenue for the three months ended in Jun. 2023 was €0.00 Mil. Palingeo SpA's average Accounts Receivable for the three months ended in Jun. 2023 was €22.65 Mil.

Palingeo SpA Receivables Turnover Historical Data

The historical data trend for Palingeo 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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Palingeo SpA Receivables Turnover Chart

Palingeo SpA Annual Data

Trend

Dec21

Dec22

Receivables Turnover

0.14

0.17

Palingeo SpA Quarterly Data
	Dec21	Dec22	Jun23
Receivables Turnover	-	-	-

Competitive Comparison of Palingeo SpA's Receivables Turnover

For the Engineering & Construction subindustry, Palingeo 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.

Palingeo SpA's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Palingeo SpA's Receivables Turnover distribution charts can be found below:

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

Palingeo SpA Receivables Turnover Calculation

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

Palingeo 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 )
=	3.097	/ (	(15.459	+	22)	/	2 )
=	3.097	/	18.7295
=	0.17

Palingeo 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 )
=	0	/ (	(22	+	23.306)	/	2 )
=	0	/	22.653
=	N/A

Palingeo SpA (MIL:PAL) 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.

Palingeo SpA Receivables Turnover Related Terms

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Palingeo SpA (MIL:PAL) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Palingeo SpA is an engineering and construction company. Its projects includes construction or modernization of railway lines, motorway networks, bridges, tunnels, roads, schools, hospitals, hydraulic system projects, wind farms or solar plants, collection and regulation of water/hydroelectric plants, etc.

Palingeo SpA (MIL:PAL) Headlines

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