Petkim Petrokimya Holding AS (IST:PETKM) Change In Receivables : ₺196 Mil (TTM As of Dec. 2023)

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What is Petkim Petrokimya Holding AS Change In Receivables?

Petkim Petrokimya Holding AS's change in receivables for the quarter that ended in Dec. 2023 was ₺1,853 Mil. It means Petkim Petrokimya Holding AS's Accounts Receivable declined by ₺1,853 Mil from Sep. 2023 to Dec. 2023 .

Petkim Petrokimya Holding AS's change in receivables for the fiscal year that ended in Dec. 2023 was ₺196 Mil. It means Petkim Petrokimya Holding AS's Accounts Receivable declined by ₺196 Mil from Dec. 2022 to Dec. 2023 .

Petkim Petrokimya Holding AS's Accounts Receivable for the quarter that ended in Dec. 2023 was ₺7,546 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. Petkim Petrokimya Holding AS's Days Sales Outstanding for the three months ended in Dec. 2023 was 25.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Petkim Petrokimya Holding AS's liquidation value for the three months ended in Dec. 2023 was ₺-31,334 Mil.

Petkim Petrokimya Holding AS Change In Receivables Historical Data

The historical data trend for Petkim Petrokimya Holding 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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Petkim Petrokimya Holding AS Change In Receivables Chart

Petkim Petrokimya Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-321.67

-34.73

-2,823.48

6,082.04

196.20

Petkim Petrokimya Holding 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															5,314.73	671.96	-826.89	-1,501.46	1,852.58

Petkim Petrokimya Holding 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 ₺196 Mil.

Petkim Petrokimya Holding AS (IST:PETKM) 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.

Petkim Petrokimya Holding 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
=	7545.99	/	27442.289	*	91
=	25.09

2. In Ben Graham's calculation of liquidation value, Petkim Petrokimya Holding AS's accounts receivable are only considered to be worth 75% of book value:

Petkim Petrokimya Holding 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)
=	4338.607	-	44402.457	+	0.75 * 7545.99	+	0.5 * 6140.873
=	-31,334

Petkim Petrokimya Holding AS Change In Receivables Related Terms

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Petkim Petrokimya Holding AS (IST:PETKM) Business Description

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Traded in Other Exchanges

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Address

Aliaga, P.O. Box 12, Izmir, TUR, 35800

Website

http://www.petkim.com.tr

Petkim Petrokimya Holding AS is a holding company, which through its subsidiaries, manufactures and sells a variety of petrochemicals, specialty chemicals, plastics, and chemical-based products. The firm's product portfolio includes polyvinyl chloride, or PVC, used in construction, polypropylene, polyethylene, glycols, and ethylene. The company's products are used in soaps, detergents, textiles, food and beverage packaging, retail goods packaging, water treatment, and airplane and railway de-icing. The vast majority of revenue comes from Turkey.

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