Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Accounts Receivable : ₺1,336 Mil (As of Dec. 2023)

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What is Ofis Yem Gidanayi ve Ticaret AS Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ofis Yem Gidanayi ve Ticaret AS's accounts receivables for the quarter that ended in Dec. 2023 was ₺1,336 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ofis Yem Gidanayi ve Ticaret AS's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 23.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ofis Yem Gidanayi ve Ticaret AS's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₺-6.11.

Ofis Yem Gidanayi ve Ticaret AS Accounts Receivable Historical Data

The historical data trend for Ofis Yem Gidanayi ve Ticaret 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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Ofis Yem Gidanayi ve Ticaret AS Accounts Receivable Chart

Ofis Yem Gidanayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

310.34

600.26

994.64

1,336.23

Ofis Yem Gidanayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			-	994.64	1,542.19	1,195.47	1,336.23

Ofis Yem Gidanayi ve Ticaret AS Accounts Receivable Calculation

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

Ofis Yem Gidanayi ve Ticaret 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.

Ofis Yem Gidanayi ve Ticaret 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
=	1336.233	/	5106.089	*	91
=	23.88

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

Ofis Yem Gidanayi ve Ticaret AS's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(176.866	+	0.75 * 1336.233	+	0.5 * 472.062	-	2245.195
-	0	-	64.004)	/	146.25
=	-6.11

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.

Ofis Yem Gidanayi ve Ticaret AS Accounts Receivable Related Terms

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Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ofis Yem Gida Sanayi ve Ticaret AS (IST:OFSYM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mustafa Kemal Mah. Dumlupinar,, Bulv. No:266, Number 15-16 06510, Tepe Prime Business Center Block C, Mezzanine Floor, Ankara District, Çankaya, TUR

Website

https://www.ofisyem.com.tr

Ofis Yem Gida Sanayi ve Ticaret AS operates in the Other Animal Food Manufacturing industry. The company's line of business includes the manufacturing of prepared feeds and feed ingredients for animals and fowls.

Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Headlines

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