Buzzi Spa (MIL:BZU) Receivables Turnover : 3.51 (As of Dec. 2023)

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What is Buzzi 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. Buzzi Spa's Revenue for the six months ended in Dec. 2023 was €2,168 Mil. Buzzi Spa's average Accounts Receivable for the six months ended in Dec. 2023 was €618 Mil. Hence, Buzzi Spa's Receivables Turnover for the six months ended in Dec. 2023 was 3.51.

Buzzi Spa Receivables Turnover Historical Data

The historical data trend for Buzzi 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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Buzzi Spa Receivables Turnover Chart

Buzzi Spa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.92

8.06

8.01

7.80

Buzzi Spa Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.83	3.53	3.68	3.55	3.51

Competitive Comparison of Buzzi Spa's Receivables Turnover

For the Building Materials subindustry, Buzzi 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.

Buzzi Spa's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Buzzi Spa's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Buzzi Spa's Receivables Turnover falls into.

Buzzi Spa Receivables Turnover Calculation

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

Buzzi 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 )
=	4317.489	/ (	(541.675	+	565.61)	/	2 )
=	4317.489	/	553.6425
=	7.80

Buzzi 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 )
=	2167.855	/ (	(670.714	+	565.61)	/	2 )
=	2167.855	/	618.162
=	3.51

Buzzi Spa (MIL:BZU) 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.

Buzzi Spa Receivables Turnover Related Terms

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Buzzi Spa (MIL:BZU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Buzzi Spa (MIL:BZU) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BZZUY:USA BZZUF:USA BZUm:UK 0NVQ:UK UCM:Germany

Address

Via Luigi Buzzi, 6, Casale Monferrato, ITA, 15033

Website

https://www.buzziunicem.com

Buzzi Spa manufactures and sells cement, ready-mix concrete, and aggregates. The company operates in two segments by product: cement and concrete/aggregates. The cement segment generates the majority of revenue, sells cement and cement-related products to the construction and building industries. The concrete and aggregates segment sells concrete and aggregates from hundreds of firm-owned concrete batch plants and aggregate quarries. The vast majority of Buzzi Unicem's revenue comes from the United States of America.