Reway Group SpA (MIL:RWY) Receivables Turnover : 0.95 (As of Jun. 2023)

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What is Reway Group 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. Reway Group SpA's Revenue for the six months ended in Jun. 2023 was €53.6 Mil. Reway Group SpA's average Accounts Receivable for the six months ended in Jun. 2023 was €56.4 Mil. Hence, Reway Group SpA's Receivables Turnover for the six months ended in Jun. 2023 was 0.95.

Reway Group SpA Receivables Turnover Historical Data

The historical data trend for Reway Group 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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Reway Group SpA Receivables Turnover Chart

Reway Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

2.12

2.30

1.71

Reway Group SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	1.12	0.98	0.95	0.93

Competitive Comparison of Reway Group SpA's Receivables Turnover

For the Infrastructure Operations subindustry, Reway Group 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.

Reway Group SpA's Receivables Turnover Distribution in the Construction Industry

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

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

Reway Group SpA Receivables Turnover Calculation

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

Reway Group 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 )
=	109.753	/ (	(42.755	+	52.853)	/	2 )
=	109.753	/	47.804
=	2.30

Reway Group 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 )
=	53.593	/ (	(52.853	+	59.886)	/	2 )
=	53.593	/	56.3695
=	0.95

Reway Group SpA (MIL:RWY) 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.

Reway Group SpA Receivables Turnover Related Terms

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Reway Group SpA (MIL:RWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reway Group SpA (MIL:RWY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Canalescuro, Licciana Oak Plan Nardi, Massa and Carrara, ITA

Website

https://www.rewaygroup.com

Reway Group SpA is engaged in the preservation and restoration of the infrastructure. The company deal with the Hydrodemolition of concrete, Mechanical milling, Injections, Steel and aluminum coatings, Waterproofing, Special restoration mortars, Painting, Construction of drains, Construction of nailing, and Lighting coating.

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