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Cemtas Celik Makinanayi Ve Ticaret AS (IST:CEMTS) Receivables Turnover : 1.59 (As of Sep. 2024)


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What is Cemtas Celik Makinanayi 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. Cemtas Celik Makinanayi Ve Ticaret AS's Revenue for the three months ended in Sep. 2024 was ₺1,253 Mil. Cemtas Celik Makinanayi Ve Ticaret AS's average Accounts Receivable for the three months ended in Sep. 2024 was ₺787 Mil. Hence, Cemtas Celik Makinanayi Ve Ticaret AS's Receivables Turnover for the three months ended in Sep. 2024 was 1.59.


Cemtas Celik Makinanayi Ve Ticaret AS Receivables Turnover Historical Data

The historical data trend for Cemtas Celik Makinanayi 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.

* Premium members only.

Cemtas Celik Makinanayi Ve Ticaret AS Receivables Turnover Chart

Cemtas Celik Makinanayi 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 5.64 6.13 7.25 12.27 6.50

Cemtas Celik Makinanayi Ve Ticaret AS Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.82 - 1.81 1.47 1.59

Competitive Comparison of Cemtas Celik Makinanayi Ve Ticaret AS's Receivables Turnover

For the Steel subindustry, Cemtas Celik Makinanayi 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.


Cemtas Celik Makinanayi Ve Ticaret AS's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Cemtas Celik Makinanayi Ve Ticaret AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cemtas Celik Makinanayi Ve Ticaret AS's Receivables Turnover falls into.



Cemtas Celik Makinanayi Ve Ticaret AS Receivables Turnover Calculation

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

Cemtas Celik Makinanayi 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 )
=4994.524 / ((797.434 + 738.62) / 2 )
=4994.524 / 768.027
=6.50

Cemtas Celik Makinanayi Ve Ticaret AS's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=1252.913 / ((779.898 + 793.729) / 2 )
=1252.913 / 786.8135
=1.59

* 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.


Cemtas Celik Makinanayi Ve Ticaret AS  (IST:CEMTS) 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.


Cemtas Celik Makinanayi Ve Ticaret AS Receivables Turnover Related Terms

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Cemtas Celik Makinanayi Ve Ticaret AS Business Description

Traded in Other Exchanges
N/A
Address
Organize Sanayi Bolgesi AOS Bulvari 3, Nilufer, Bursa, TUR, 16159
Cemtas Celik Makina Sanayi Ve Ticaret AS is a Turkey-based company involved in providing steel and related products. It serves the automotive and machinery industries in the field of quality steel and provides service to vehicle manufacturers as a producer of stabilizer bars.

Cemtas Celik Makinanayi Ve Ticaret AS Headlines

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