Turk Traktor ve Ziraat Makineleri AS (Turk Traktor ve Ziraat Makineleri AS) Change In Receivables : $-2 Mil (TTM As of Dec. 2023)

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What is Turk Traktor ve Ziraat Makineleri AS Change In Receivables?

Turk Traktor ve Ziraat Makineleri AS's change in receivables for the quarter that ended in Dec. 2023 was $10 Mil. It means Turk Traktor ve Ziraat Makineleri AS's Accounts Receivable declined by $10 Mil from Sep. 2023 to Dec. 2023 .

Turk Traktor ve Ziraat Makineleri AS's change in receivables for the fiscal year that ended in Dec. 2023 was $5 Mil. It means Turk Traktor ve Ziraat Makineleri AS's Accounts Receivable declined by $5 Mil from Dec. 2022 to Dec. 2023 .

Turk Traktor ve Ziraat Makineleri AS's Accounts Receivable for the quarter that ended in Dec. 2023 was $83 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. Turk Traktor ve Ziraat Makineleri AS's Days Sales Outstanding for the three months ended in Dec. 2023 was 8.47.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Turk Traktor ve Ziraat Makineleri AS's liquidation value for the three months ended in Dec. 2023 was $50 Mil.

Turk Traktor ve Ziraat Makineleri AS Change In Receivables Historical Data

The historical data trend for Turk Traktor ve Ziraat Makineleri 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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Turk Traktor ve Ziraat Makineleri AS Change In Receivables Chart

Turk Traktor ve Ziraat Makineleri AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-3.04

-44.43

-34.63

-2.72

5.27

Turk Traktor ve Ziraat Makineleri AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															31.08	-28.56	12.66	3.85	10.03

Turk Traktor ve Ziraat Makineleri 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2 Mil.

Turk Traktor ve Ziraat Makineleri AS (OTCPK:TTRKF) 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.

Turk Traktor ve Ziraat Makineleri AS's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	83.074	/	894.818	*	91
=	8.47

2. In Ben Graham's calculation of liquidation value, Turk Traktor ve Ziraat Makineleri AS's accounts receivable are only considered to be worth 75% of book value:

Turk Traktor ve Ziraat Makineleri AS's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	424.458	-	586.638	+	0.75 * 83.074	+	0.5 * 299.053
=	50

Turk Traktor ve Ziraat Makineleri AS Change In Receivables Related Terms

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Turk Traktor ve Ziraat Makineleri AS (Turk Traktor ve Ziraat Makineleri AS) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Turk Traktor ve Ziraat Makineleri AS (OTCPK:TTRKF) » Definitions » Change In Receivables

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TTRAK:Turkey

Address

Gazi Mahallesi Anadolu Boulevard No: 52 - 52A, Yenimahalle, Ankara, TUR, 06560

Website

http://www.turktraktor.com.tr

Turk Traktor ve Ziraat Makineleri AS is one of the largest tractor manufacturers in Turkey. It sells tractors, combine harvesters, planters, cotton pickers, and other agricultural machinery and equipment. The company's worldwide sales and marketing network generates recurring aftermarket sales and showcases new features in product development. Plants are equipped with gear and heat treatment facilities, specialized machines, engine manufacturing facilities, paint shops, and assembly lines. The company also operates quality control labs, testing equipment, and incorporates research and development to design and produce innovative solutions. Most parts and components are manufactured internally, but the company may use third parties to meet international quality standards.

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