Kordsa Teknik Tekstil AS (IST:KORDS) Change In Receivables : ₺241 Mil (TTM As of Mar. 2024)

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What is Kordsa Teknik Tekstil AS Change In Receivables?

Kordsa Teknik Tekstil AS's change in receivables for the quarter that ended in Mar. 2024 was ₺-635 Mil. It means Kordsa Teknik Tekstil AS's Accounts Receivable increased by ₺635 Mil from Dec. 2023 to Mar. 2024 .

Kordsa Teknik Tekstil AS's change in receivables for the fiscal year that ended in Dec. 2023 was ₺645 Mil. It means Kordsa Teknik Tekstil AS's Accounts Receivable declined by ₺645 Mil from Dec. 2022 to Dec. 2023 .

Kordsa Teknik Tekstil AS's Accounts Receivable for the quarter that ended in Mar. 2024 was ₺5,654 Mil.

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 Receivable are being managed. Kordsa Teknik Tekstil AS's Days Sales Outstanding for the three months ended in Mar. 2024 was 71.27.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Kordsa Teknik Tekstil AS's liquidation value for the three months ended in Mar. 2024 was ₺-11,781 Mil.

Kordsa Teknik Tekstil AS Change In Receivables Historical Data

The historical data trend for Kordsa Teknik Tekstil AS's Change In Receivables 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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Kordsa Teknik Tekstil AS Change In Receivables Chart

Kordsa Teknik Tekstil AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-125.83

-108.38

-1,675.58

-128.27

645.02

Kordsa Teknik Tekstil AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-230.81	498.69	677.77	-300.64	-634.96

Kordsa Teknik Tekstil AS Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺241 Mil.

Kordsa Teknik Tekstil AS (IST:KORDS) Change In Receivables 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 Receivable are being managed.

Kordsa Teknik Tekstil AS's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5653.899	/	7239.384	*	91
=	71.27

2. In Ben Graham's calculation of liquidation value, Kordsa Teknik Tekstil AS's accounts receivable are only considered to be worth 75% of book value:

Kordsa Teknik Tekstil AS's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1928.522	-	21945.086	+	0.75 * 5653.899	+	0.5 * 7990.803
=	-11,781

Kordsa Teknik Tekstil AS Change In Receivables Related Terms

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Kordsa Teknik Tekstil AS (IST:KORDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kordsa Teknik Tekstil AS (IST:KORDS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alikahya Fatih Mahallesi Sanayici Caddesi No. 90, Izmit, Kocaeli, TUR, 41310

Website

https://www.kordsa.com

Kordsa Teknik Tekstil AS is a Turkey-based company tire reinforcement company, engaged in the manufacturing of nylon and polyester yarn, cord fabric and single-end cord products. It benefits the tire reinforcement and mechanical rubber market. The company offers carcass and industrial fabrics that are used in the structure of vehicle tires, and rubber and plastic materials, such as transmission belts, V belts, rubber hoses etc. Business is functioned through North America, South America, Asia, Europe, the Middle East, and Africa of which it derives a majority of revenue from North America.

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