GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grainturk Tarim (IST:GRTRK) » Definitions » Accounts Receivable

Grainturk Tarim (IST:GRTRK) Accounts Receivable : ₺542 Mil (As of Dec. 2023)


View and export this data going back to 2023. Start your Free Trial

What is Grainturk Tarim Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Grainturk Tarim's accounts receivables for the quarter that ended in Dec. 2023 was ₺542 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Grainturk Tarim's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 39.92.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Grainturk Tarim's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₺2.34.


Grainturk Tarim Accounts Receivable Historical Data

The historical data trend for Grainturk Tarim's Accounts Receivable 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.

* Premium members only.

Grainturk Tarim Accounts Receivable Chart

Grainturk Tarim Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Receivable
13.73 26.89 214.94 542.48

Grainturk Tarim Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only 214.94 107.24 145.89 342.56 542.48

Grainturk Tarim Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Grainturk Tarim Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Grainturk Tarim's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=542.484/1240.068*91
=39.92

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Grainturk Tarim's accounts receivable are only considered to be worth 75% of book value:

Grainturk Tarim's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(50.052+0.75 * 542.484+0.5 * 472.041-400.007
-0-0)/125
=2.34

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Grainturk Tarim Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Grainturk Tarim's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Grainturk Tarim (IST:GRTRK) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Levent Caddesi Krizantem Sokak No: 15, Levent, Istanbul, TUR, 34330
Grainturk Tarim is mainly engaged in the purchase and sale of agricultural products, mainly wheat, corn, barley, sunflower seeds, soybean, and cotton. through its subsidiaries firm also provides services for the storage of the said products within the scope of licensed warehousing.

Grainturk Tarim (IST:GRTRK) Headlines

No Headlines