Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) Receivables Turnover: 9.37 (As of Dec. 2023)

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IST:BALAT Balatacilar Balatacilik Sanayi ve Ticaret AS IST:BALAT
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What is Balatacilar Balataciliknayi ve Ticaret AS Receivables Turnover?

Balatacilar Balataciliknayi ve Ticaret AS IST:BALAT +4.67% 5 Receivables Turnover is 9.37 as of Dec. 2023. GuruFocus rates IST:BALAT with a GF Score™ of 5/100.

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. Balatacilar Balataciliknayi ve Ticaret AS's Revenue for the six months ended in Dec. 2023 was ₺14.77 Mil. Balatacilar Balataciliknayi ve Ticaret AS's average Accounts Receivable for the six months ended in Dec. 2023 was ₺1.58 Mil. Hence, Balatacilar Balataciliknayi ve Ticaret AS's Receivables Turnover for the six months ended in Dec. 2023 was 9.37.


Balatacilar Balataciliknayi ve Ticaret AS  (IST:BALAT) 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.


Balatacilar Balataciliknayi ve Ticaret AS Receivables Turnover Related Terms


Balatacilar Balataciliknayi ve Ticaret AS Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Balatacilar Balataciliknayi 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.

Balatacilar Balataciliknayi ve Ticaret AS Receivables Turnover Chart

Balatacilar Balataciliknayi ve Ticaret AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 2.29 3.33 6.51 9.37

Balatacilar Balataciliknayi ve Ticaret AS Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover 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 0.51 2.29 3.33 6.51 9.37

IST:BALAT vs ORLY, AZO, GPC: Receivables Turnover Comparison

For the Auto Parts subindustry, Balatacilar Balataciliknayi 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.


Balatacilar Balataciliknayi ve Ticaret AS Receivables Turnover vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Balatacilar Balataciliknayi ve Ticaret AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Balatacilar Balataciliknayi ve Ticaret AS's Receivables Turnover falls into.


IST:BALAT
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Balatacilar Balatacilik Sanayi ve Ticaret AS IST:BALAT
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Balatacilar Balataciliknayi ve Ticaret AS Receivables Turnover Calculation

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

Balatacilar Balataciliknayi 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 Accounts Receivable
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=14.765 / ((1.639 + 1.512) / 2 )
=14.765 / 1.5755
=9.37

Balatacilar Balataciliknayi ve Ticaret AS's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=14.765 / ((1.639 + 1.512) / 2 )
=14.765 / 1.5755
=9.37

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 9.37 mean?
Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) has a Receivables Turnover of 9.37 as of Dec. 2023. The accounts 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. View historical data on Balatacilar Balataciliknayi ve Ticaret AS and its competitors.
Is Balatacilar Balataciliknayi ve Ticaret AS's Receivables Turnover too high?
Balatacilar Balataciliknayi ve Ticaret AS's current Receivables Turnover is 9.37. The Vehicles & Parts industry median Receivables Turnover is 5.99. Balatacilar Balataciliknayi ve Ticaret AS's value of 9.37 is 56.6% above this industry median. Overall, Balatacilar Balataciliknayi ve Ticaret AS has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Balatacilar Balataciliknayi ve Ticaret AS's Receivables Turnover compare to ORLY and AZO?
Balatacilar Balataciliknayi ve Ticaret AS's Receivables Turnover of 9.37 can be compared against companies in the Vehicles & Parts industry. The industry median Receivables Turnover is 5.99. Balatacilar Balataciliknayi ve Ticaret AS's value of 9.37 is 56.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Vehicles & Parts company?
The median Receivables Turnover among Vehicles & Parts companies is 5.99, based on 1,316 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Balatacilar Balataciliknayi ve Ticaret AS's current Receivables Turnover of 9.37 is 56.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Balatacilar Balataciliknayi ve Ticaret AS and its competitors. For the Vehicles & Parts industry, the median Receivables Turnover is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Balatacilar Balataciliknayi ve Ticaret AS's current Receivables Turnover is 9.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balatacilar Balataciliknayi ve Ticaret AS stock overvalued right now?
Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) has a current Receivables Turnover of 9.37. The current Receivables Turnover is 9.37 and 56.6% above the Vehicles & Parts industry median of 5.99. Balatacilar Balataciliknayi ve Ticaret AS's overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT), the current Receivables Turnover is 9.37 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Balatacilar Balataciliknayi ve Ticaret AS Business Description

Address Daire 708, Gumruk Is Merkezi, No.38, Cumhuriyet Bulvari, Konak Mahallesi, Izmir, TUR
Balatacilar Balatacilik Sanayi ve Ticaret AS is engaged in the production of friction materials. Its products include disc brake pads, brake linings, and fiber clutch.
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