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TEK-ART Turizm Zigana AS (IST:TEKTU) Change In Receivables : ₺10.30 Mil (TTM As of Dec. 2022)


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What is TEK-ART Turizm Zigana AS Change In Receivables?

TEK-ART Turizm Zigana AS's change in receivables for the quarter that ended in Dec. 2022 was ₺43.17 Mil. It means TEK-ART Turizm Zigana AS's Accounts Receivable declined by ₺43.17 Mil from Sep. 2022 to Dec. 2022 .

TEK-ART Turizm Zigana AS's change in receivables for the fiscal year that ended in Dec. 2022 was ₺10.30 Mil. It means TEK-ART Turizm Zigana AS's Accounts Receivable declined by ₺10.30 Mil from Dec. 2021 to Dec. 2022 .

TEK-ART Turizm Zigana AS's Accounts Receivable for the quarter that ended in Dec. 2022 was ₺12.53 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. TEK-ART Turizm Zigana AS's Days Sales Outstanding for the three months ended in Dec. 2022 was 266.02.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TEK-ART Turizm Zigana AS's liquidation value for the three months ended in Dec. 2022 was ₺-617.86 Mil.


TEK-ART Turizm Zigana AS Change In Receivables Historical Data

The historical data trend for TEK-ART Turizm Zigana 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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TEK-ART Turizm Zigana AS Change In Receivables Chart

TEK-ART Turizm Zigana AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.01 -16.68 -12.82 22.17 10.30

TEK-ART Turizm Zigana AS Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.04 1.12 -6.42 -27.57 43.17

TEK-ART Turizm Zigana 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺10.30 Mil.

* 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.


TEK-ART Turizm Zigana AS  (IST:TEKTU) 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.

TEK-ART Turizm Zigana AS's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=12.527/4.297*91
=266.02

2. In Ben Graham's calculation of liquidation value, TEK-ART Turizm Zigana AS's accounts receivable are only considered to be worth 75% of book value:

TEK-ART Turizm Zigana AS's liquidation value for the quarter that ended in Dec. 2022 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=250.942-878.516+0.75 * 12.527+0.5 * 0.635
=-617.86

* 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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TEK-ART Turizm Zigana AS (IST:TEKTU) Business Description

Traded in Other Exchanges
N/A
Address
Halkali Cad No: 259, Sefakoy - K. Cekmece, Istanbul, TUR
TEK-ART Turizm Zigana AS is engaged in tourism, and leisure and entertainment sectors. It manages and invests in hotels, holiday villages, golf courses, restaurants, entertainment facilities, beaches, theme parks, and marinas.

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