TAV Havalimanlari Holding AS (IST:TAVHL) Receivables Turnover : 2.97 (As of Mar. 2024)

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What is TAV Havalimanlari Holding AS 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. TAV Havalimanlari Holding AS's Revenue for the three months ended in Mar. 2024 was ₺11,161 Mil. TAV Havalimanlari Holding AS's average Accounts Receivable for the three months ended in Mar. 2024 was ₺3,756 Mil. Hence, TAV Havalimanlari Holding AS's Receivables Turnover for the three months ended in Mar. 2024 was 2.97.

TAV Havalimanlari Holding AS Receivables Turnover Historical Data

The historical data trend for TAV Havalimanlari Holding AS'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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TAV Havalimanlari Holding AS Receivables Turnover Chart

TAV Havalimanlari Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

5.44

3.92

8.00

11.68

14.15

TAV Havalimanlari Holding AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.98	2.60	3.01	2.45	2.97

Competitive Comparison of TAV Havalimanlari Holding AS's Receivables Turnover

For the Airports & Air Services subindustry, TAV Havalimanlari Holding AS'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.

TAV Havalimanlari Holding AS's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, TAV Havalimanlari Holding AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TAV Havalimanlari Holding AS's Receivables Turnover falls into.

TAV Havalimanlari Holding AS Receivables Turnover Calculation

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

TAV Havalimanlari Holding AS'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 )
=	41530.265	/ (	(2248.585	+	3623.066)	/	2 )
=	41530.265	/	2935.8255
=	14.15

TAV Havalimanlari Holding AS's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	11160.927	/ (	(3623.066	+	3888.335)	/	2 )
=	11160.927	/	3755.7005
=	2.97

TAV Havalimanlari Holding AS (IST:TAVHL) 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.

TAV Havalimanlari Holding AS Receivables Turnover Related Terms

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TAV Havalimanlari Holding AS (IST:TAVHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TAV Havalimanlari Holding AS (IST:TAVHL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TAVHY:USA TAVHF:USA 5THA:Germany

Address

Ayazaga Mahallesi, Azerbaycan Caddesi, 2C Blok No:3L/6, Vadistanbul Bulvar, Sariyer, Istanbul, TUR, 34485

Website

https://www.tavhavalimanlari.com.tr

TAV Havalimanlari Holding AS constructs, manages and operates terminal buildings and airports. The company organises itself into five segments: Terminal operations, Catering operations, Duty free operations, Ground handling and bus operations, and Other operations. Terminal operations, which contribute approximately half the company's revenue and the majority of profit, operates terminal buildings and car parks. Ground handling and bus operations and duty free operations are the next most significant segments. The company is headquartered in Turkey and derives the majority of revenue domestically.

TAV Havalimanlari Holding AS (IST:TAVHL) Headlines

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