Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Receivables Turnover : 14.95 (As of Dec. 2023)

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What is Alfa Solar Enerjinayi Ve Ticaret AS Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Alfa Solar Enerjinayi Ve Ticaret AS's Revenue for the three months ended in Dec. 2023 was ₺3,412 Mil. Alfa Solar Enerjinayi Ve Ticaret AS's average Accounts Receivable for the three months ended in Dec. 2023 was ₺228 Mil. Hence, Alfa Solar Enerjinayi Ve Ticaret AS's Receivables Turnover for the three months ended in Dec. 2023 was 14.95.

Alfa Solar Enerjinayi Ve Ticaret AS Receivables Turnover Historical Data

The historical data trend for Alfa Solar Enerjinayi Ve Ticaret AS's Receivables Turnover 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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Alfa Solar Enerjinayi Ve Ticaret AS Receivables Turnover Chart

Alfa Solar Enerjinayi Ve Ticaret AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.91

5.30

8.41

55.33

57.41

Alfa Solar Enerjinayi Ve Ticaret AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							31.02	19.12	29.01	9.48	14.95

Competitive Comparison of Alfa Solar Enerjinayi Ve Ticaret AS's Receivables Turnover

For the Solar subindustry, Alfa Solar Enerjinayi Ve Ticaret AS's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Alfa Solar Enerjinayi Ve Ticaret AS's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Alfa Solar Enerjinayi Ve Ticaret AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Alfa Solar Enerjinayi Ve Ticaret AS's Receivables Turnover falls into.

Alfa Solar Enerjinayi Ve Ticaret AS Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Alfa Solar Enerjinayi Ve Ticaret AS's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	7733.021	/ (	(99.391	+	170.002)	/	2 )
=	7733.021	/	134.6965
=	57.41

Alfa Solar Enerjinayi Ve Ticaret AS's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	3412.208	/ (	(286.556	+	170.002)	/	2 )
=	3412.208	/	228.279
=	14.95

Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Alfa Solar Enerjinayi Ve Ticaret AS Receivables Turnover Related Terms

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Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Alfa Solar Enerji Sanayi Ve Ticaret AS (IST:ALFAS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Balgat Mahallesi Mevlana Boulevard, No 139/A, Floor 9, Apartment No: 31, Yelken Plaza, Cankaya, Ankara, TUR

Website

https://www.alfasolarenerji.com

Alfa Solar Enerji Sanayi Ve Ticaret AS engages in the manufacturing of photovoltaic (PV) panels in an ultra-modern facility. Its product portfolio comprises Polycrystalline Panels, Monocrystalline Panels, and half-cut panels.

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