Trakya Camnayii AS (Trakya Camnayii AS) Receivables Turnover : 1.53 (As of Dec. 2020)

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What is Trakya Camnayii 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. Trakya Camnayii AS's Revenue for the three months ended in Dec. 2020 was $869.86 Mil. Trakya Camnayii AS's average Accounts Receivable for the three months ended in Dec. 2020 was $568.67 Mil. Hence, Trakya Camnayii AS's Receivables Turnover for the three months ended in Dec. 2020 was 1.53.

Trakya Camnayii AS Receivables Turnover Historical Data

The historical data trend for Trakya Camnayii 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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Trakya Camnayii AS Receivables Turnover Chart

Trakya Camnayii AS Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

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5.02

5.88

6.01

17.99

7.68

Trakya Camnayii AS Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Receivables Turnover	Get a 7-Day Free Trial															5.07	1.67	1.45	2.23	1.53

Competitive Comparison of Trakya Camnayii AS's Receivables Turnover

For the Specialty Chemicals subindustry, Trakya Camnayii 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.

Trakya Camnayii AS's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Trakya Camnayii AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Trakya Camnayii AS's Receivables Turnover falls into.

Trakya Camnayii AS Receivables Turnover Calculation

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

Trakya Camnayii AS's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	2767.233	/ (	(158.914	+	561.582)	/	2 )
=	2767.233	/	360.248
=	7.68

Trakya Camnayii AS's Receivables Turnover for the quarter that ended in Dec. 2020 is calculated as

	Receivables Turnover (Q: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2020 )	/ (	(Accounts Receivable (Q: Sep. 2020 )	+	Accounts Receivable (Q: Dec. 2020 ))	/	count )
=	869.856	/ (	(575.765	+	561.582)	/	2 )
=	869.856	/	568.6735
=	1.53

Trakya Camnayii AS (GREY:TRKCY) 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.

Trakya Camnayii AS Receivables Turnover Related Terms

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Trakya Camnayii AS (Trakya Camnayii AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Trakya Cam Sanayii AS (GREY:TRKCY) » Definitions » Receivables Turnover

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Address

Icmeler Mahallesi, D-100 Karayolu Caddesi, No: 44A, Tuzla, Istanbul, TUR, 34947

Website

http://www.sisecamduzcam.com

Trakya Cam Sanayii AS is a building materials company engaged in glass manufacturing. The company creates glass products that include solar glass, automobile glass, home appliance glass, and architectural glass. Trakya's solar glass is utilized for photovoltaics and thermal collectors, while its home appliance glass segment is used in ovens and refrigerators. The company's architectural glass segment is used in retail stores, high-rise buildings, and airports. These core offering are supplemented by other products, such as energy efficient glass, which utilizes heat controlled insulation. The company generates the majority of its revenue in Turkey.

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