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Bati Ege Gayrimenkul Yatirim Ortakligi AS (IST:BEGYO) Receivables Turnover : 0.68 (As of Sep. 2023)


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What is Bati Ege Gayrimenkul Yatirim Ortakligi 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. Bati Ege Gayrimenkul Yatirim Ortakligi AS's Revenue for the three months ended in Sep. 2023 was ₺29.05 Mil. Bati Ege Gayrimenkul Yatirim Ortakligi AS's average Accounts Receivable for the three months ended in Sep. 2023 was ₺42.98 Mil. Hence, Bati Ege Gayrimenkul Yatirim Ortakligi AS's Receivables Turnover for the three months ended in Sep. 2023 was 0.68.

Bati Ege Gayrimenkul Yatirim Ortakligi AS Receivables Turnover Historical Data

The historical data trend for Bati Ege Gayrimenkul Yatirim Ortakligi 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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Bati Ege Gayrimenkul Yatirim Ortakligi AS Receivables Turnover Chart

Bati Ege Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec20 Dec21 Dec22
Receivables Turnover
3.11 2.49 3.94

Bati Ege Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Dec20 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23
Receivables Turnover Get a 7-Day Free Trial - - 0.77 - 0.68

Competitive Comparison of Bati Ege Gayrimenkul Yatirim Ortakligi AS's Receivables Turnover

For the Real Estate - Development subindustry, Bati Ege Gayrimenkul Yatirim Ortakligi 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.

Bati Ege Gayrimenkul Yatirim Ortakligi AS's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Bati Ege Gayrimenkul Yatirim Ortakligi AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bati Ege Gayrimenkul Yatirim Ortakligi AS's Receivables Turnover falls into.


Bati Ege Gayrimenkul Yatirim Ortakligi AS Receivables Turnover Calculation

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

Bati Ege Gayrimenkul Yatirim Ortakligi AS's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=85.847 / ((20.823 + 22.782) / 2 )
=85.847 / 21.8025
=3.94

Bati Ege Gayrimenkul Yatirim Ortakligi AS's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=29.047 / ((46.497 + 39.46) / 2 )
=29.047 / 42.9785
=0.68

* 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.

Bati Ege Gayrimenkul Yatirim Ortakligi AS  (IST:BEGYO) 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.

Bati Ege Gayrimenkul Yatirim Ortakligi AS Receivables Turnover Related Terms

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Bati Ege Gayrimenkul Yatirim Ortakligi AS (IST:BEGYO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Bati Ege Gayrimenkul Yatirim Ortakligi AS (IST:BEGYO) » Definitions » Receivables Turnover
Comparable Companies
Traded in Other Exchanges
N/A
Address
Kayalar Mah. 6030, St. Sinpa? AquaCity F1, Blok No.3/13, Ic Kapi No:19 Merkezefendi district, Denizli, TUR
Website
https://batiegegyo.com.tr
Bati Ege Gayrimenkul Yatirim Ortakligi AS is an investment company established to develop new investments in the real estate sector in Denizli and the entire Aegean Region. It has portfolio of projects which are Aquacity Denizli & Aquamall AVM.

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