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BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi (IST:BMSTL) Receivables Turnover : 1.67 (As of Dec. 2023)


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What is BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi 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. BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's Revenue for the three months ended in Dec. 2023 was ₺389 Mil. BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's average Accounts Receivable for the three months ended in Dec. 2023 was ₺233 Mil. Hence, BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's Receivables Turnover for the three months ended in Dec. 2023 was 1.67.


BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi Receivables Turnover Historical Data

The historical data trend for BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi'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.

* Premium members only.

BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi Receivables Turnover Chart

BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
4.83 5.50 7.53 8.85 7.66

BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi Quarterly Data
Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.69 1.98 1.65 1.40 1.67

Competitive Comparison of BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's Receivables Turnover

For the Steel subindustry, BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi'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.


BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's Receivables Turnover falls into.



BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi Receivables Turnover Calculation

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

BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi'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 )
=1380.216 / ((153.9 + 206.381) / 2 )
=1380.216 / 180.1405
=7.66

BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi'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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=389.105 / ((259.188 + 206.381) / 2 )
=389.105 / 232.7845
=1.67

* 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.


BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi  (IST:BMSTL) 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.


BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi Receivables Turnover Related Terms

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BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi (IST:BMSTL) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Merdivenkoy Mah. Bora Sok., No. 1 Floor 2/6, Kadikoy, Istanbul, TUR
BMS Birlesik Metal Sanayi ve Ticaret Anonim Sirketi is engaged in galvanized steel wire manufacturing. Its products include armouring wire, hot-dip wire, flat wire among others.

BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi (IST:BMSTL) Headlines

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