Borlease Otomotiv AS (IST:BORLS) Accounts Receivable : ₺196 Mil (As of Sep. 2023)

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What is Borlease Otomotiv AS Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Borlease Otomotiv AS's accounts receivables for the quarter that ended in Sep. 2023 was ₺196 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Borlease Otomotiv AS's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 26.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Borlease Otomotiv AS's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₺-16.77.

Borlease Otomotiv AS Accounts Receivable Historical Data

The historical data trend for Borlease Otomotiv AS's Accounts Receivable 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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Borlease Otomotiv AS Accounts Receivable Chart

Borlease Otomotiv AS Annual Data

Trend

Dec20

Dec21

Dec22

Accounts Receivable

104.10

169.91

68.99

Borlease Otomotiv AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			-	-	68.99	126.22	195.96

Borlease Otomotiv AS Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Borlease Otomotiv AS Accounts Receivable 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 receivables are being managed.

Borlease Otomotiv AS's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	195.963	/	686.396	*	91
=	26.05

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Borlease Otomotiv AS's accounts receivable are only considered to be worth 75% of book value:

Borlease Otomotiv AS's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(117.289	+	0.75 * 195.963	+	0.5 * 24.712	-	3105.7
-	0	-	0)	/	168.7
=	-16.77

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Borlease Otomotiv AS Accounts Receivable Related Terms

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Borlease Otomotiv AS (IST:BORLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Borlease Otomotiv AS (IST:BORLS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Saray Mahallesi, Dr. Adnan Büyükdeniz Cad. 2 Blok, No: 4 Ic Kap? No: 28 Umraniye, Istanbul, TUR

Website

https://www.borlease.com.tr

Borlease Otomotiv AS is a company whose main activity is is to rent all kinds of motorized and non-motorized land vehicles, whether it is owned or otherwise obtained from third parties and institutions. The Company primarily provides operational fleet rental services for all brands of passenger vehicles.

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