TTOFF (Tofas Turk Otomobil Fabrikasi AS) Change In Receivables : $107 Mil (TTM As of Jun. 2024)

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What is Tofas Turk Otomobil Fabrikasi AS Change In Receivables?

Tofas Turk Otomobil Fabrikasi AS's change in receivables for the quarter that ended in Jun. 2024 was $115 Mil. It means Tofas Turk Otomobil Fabrikasi AS's Accounts Receivable declined by $115 Mil from Mar. 2024 to Jun. 2024 .

Tofas Turk Otomobil Fabrikasi AS's change in receivables for the fiscal year that ended in Dec. 2023 was $320 Mil. It means Tofas Turk Otomobil Fabrikasi AS's Accounts Receivable declined by $320 Mil from Dec. 2022 to Dec. 2023 .

Tofas Turk Otomobil Fabrikasi AS's Accounts Receivable for the quarter that ended in Jun. 2024 was $621 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. Tofas Turk Otomobil Fabrikasi AS's Days Sales Outstanding for the three months ended in Jun. 2024 was 71.13.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tofas Turk Otomobil Fabrikasi AS's liquidation value for the three months ended in Jun. 2024 was $-252 Mil.

Tofas Turk Otomobil Fabrikasi AS Change In Receivables Historical Data

The historical data trend for Tofas Turk Otomobil Fabrikasi 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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Tofas Turk Otomobil Fabrikasi AS Change In Receivables Chart

Tofas Turk Otomobil Fabrikasi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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67.69

-527.23

-194.23

223.05

319.98

Tofas Turk Otomobil Fabrikasi AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Change In Receivables	Get a 7-Day Free Trial															62.20	-17.24	245.35	-236.14	114.80

Tofas Turk Otomobil Fabrikasi 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $107 Mil.

Tofas Turk Otomobil Fabrikasi AS (GREY:TTOFF) 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.

Tofas Turk Otomobil Fabrikasi AS's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	620.506	/	796.011	*	91
=	71.13

2. In Ben Graham's calculation of liquidation value, Tofas Turk Otomobil Fabrikasi AS's accounts receivable are only considered to be worth 75% of book value:

Tofas Turk Otomobil Fabrikasi AS's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	548.534	-	1493.802	+	0.75 * 620.506	+	0.5 * 455.005
=	-252

Tofas Turk Otomobil Fabrikasi AS Change In Receivables Related Terms

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Tofas Turk Otomobil Fabrikasi AS Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tofas Turk Otomobil Fabrikasi AS (GREY:TTOFF) » Definitions » Change In Receivables

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TOASO:Turkey

Address

Buyukdere Cad. No: 145 Tofas Han, Zincirlikuyu, Istanbul, TUR, 34394

Website

https://www.tofas.com.tr

Tofas Turk Otomobil Fabrikasi AS is a Turkish automotive manufacturer of both passenger cars and light commercial vehicles. Its core business s manufacturing, exporting and selling passenger cars and light commercial vehicles under licenses of Fiat Chrysler Automobiles S.p.A. (Fiat). The company manufactures for a range of passenger cars i.e. Fiat Linea, Egea models, and others. Tofas also acts as a distributor of the Fiat, Alfa Romeo, Jeep, Lancia, Maserati, and Ferrari brands in Turkey. It also produces various automotive spare parts used in its automobiles. The company has three business divisions namely Automobile, Trading of spare parts, and Consumer finance.

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