Seker Yatirim Menkul Degerler AS (IST:SKYMD) Accounts Receivable : ₺1,393 Mil (As of Dec. 2023)

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What is Seker Yatirim Menkul Degerler AS Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Seker Yatirim Menkul Degerler AS's accounts receivables for the quarter that ended in Dec. 2023 was ₺1,393 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Seker Yatirim Menkul Degerler AS's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 7.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Seker Yatirim Menkul Degerler AS's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₺0.93.

Seker Yatirim Menkul Degerler AS Accounts Receivable Historical Data

The historical data trend for Seker Yatirim Menkul Degerler 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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Seker Yatirim Menkul Degerler AS Accounts Receivable Chart

Seker Yatirim Menkul Degerler AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

199.23

311.11

1,560.45

1,393.09

Seker Yatirim Menkul Degerler AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			-	1,560.45	665.62	998.43	1,393.09

Seker Yatirim Menkul Degerler AS Accounts Receivable Calculation

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

Seker Yatirim Menkul Degerler 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.

Seker Yatirim Menkul Degerler 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
=	1393.087	/	17867.396	*	91
=	7.11

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

Seker Yatirim Menkul Degerler 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)
=	(327.555	+	0.75 * 1393.087	+	0.5 * 0	-	1228.569
-	0	-	0)	/	155
=	0.93

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.

Seker Yatirim Menkul Degerler AS Accounts Receivable Related Terms

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Seker Yatirim Menkul Degerler AS (IST:SKYMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Seker Yatirim Menkul Degerler AS (IST:SKYMD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukdere Cad. No:171, Metrocity A Blok Kat:4-5 Esentepe, Sisli, Istanbul, TUR

Website

https://www.sekeryatirim.com.tr

Seker Yatirim Menkul Degerler AS is an investment company which offers serves as an broad authorized Intermediary Institution such as Trading Intermediary Operations, Portfolio Intermediary Operations, Individual Portfolio Management Activities, Investment Advisory, and IPO Intermediary through underwriting, Limited and General Custody Services.

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