Grainturk Tarim (IST:GRTRK) Receivables Turnover : 2.80 (As of Dec. 2023)

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What is Grainturk Tarim 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. Grainturk Tarim's Revenue for the three months ended in Dec. 2023 was ₺1,240 Mil. Grainturk Tarim's average Accounts Receivable for the three months ended in Dec. 2023 was ₺443 Mil. Hence, Grainturk Tarim's Receivables Turnover for the three months ended in Dec. 2023 was 2.80.

Grainturk Tarim Receivables Turnover Historical Data

The historical data trend for Grainturk Tarim'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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Grainturk Tarim Receivables Turnover Chart

Grainturk Tarim Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

29.38

30.58

11.30

6.00

Grainturk Tarim Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					3.90	1.26	1.13	2.81	2.80

Competitive Comparison of Grainturk Tarim's Receivables Turnover

For the Farm Products subindustry, Grainturk Tarim'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.

Grainturk Tarim's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grainturk Tarim's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Grainturk Tarim's Receivables Turnover falls into.

Grainturk Tarim Receivables Turnover Calculation

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

Grainturk Tarim'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 )
=	2272.747	/ (	(214.938	+	542.484)	/	2 )
=	2272.747	/	378.711
=	6.00

Grainturk Tarim'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 )
=	1240.068	/ (	(342.557	+	542.484)	/	2 )
=	1240.068	/	442.5205
=	2.80

Grainturk Tarim (IST:GRTRK) 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.

Grainturk Tarim Receivables Turnover Related Terms

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Grainturk Tarim (IST:GRTRK) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Levent Caddesi Krizantem Sokak No: 15, Levent, Istanbul, TUR, 34330

Website

https://www.grainturk.com

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

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