Cimsa Cimentonayi Ve Ticaret AS (IST:CIMSA) Receivables Turnover : 4.22 (As of Dec. 2023)

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What is Cimsa Cimentonayi 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. Cimsa Cimentonayi Ve Ticaret AS's Revenue for the three months ended in Dec. 2023 was ₺11,284 Mil. Cimsa Cimentonayi Ve Ticaret AS's average Accounts Receivable for the three months ended in Dec. 2023 was ₺2,676 Mil. Hence, Cimsa Cimentonayi Ve Ticaret AS's Receivables Turnover for the three months ended in Dec. 2023 was 4.22.

Cimsa Cimentonayi Ve Ticaret AS Receivables Turnover Historical Data

The historical data trend for Cimsa Cimentonayi 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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Cimsa Cimentonayi Ve Ticaret AS Receivables Turnover Chart

Cimsa Cimentonayi Ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.52

5.31

6.13

15.03

9.73

Cimsa Cimentonayi Ve Ticaret AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															7.09	1.32	1.44	1.37	4.22

Competitive Comparison of Cimsa Cimentonayi Ve Ticaret AS's Receivables Turnover

For the Building Materials subindustry, Cimsa Cimentonayi 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.

Cimsa Cimentonayi Ve Ticaret AS's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cimsa Cimentonayi Ve Ticaret AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cimsa Cimentonayi Ve Ticaret AS's Receivables Turnover falls into.

Cimsa Cimentonayi Ve Ticaret AS Receivables Turnover Calculation

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

Cimsa Cimentonayi 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 )
=	20504.515	/ (	(1868.882	+	2344.57)	/	2 )
=	20504.515	/	2106.726
=	9.73

Cimsa Cimentonayi 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 )
=	11284.356	/ (	(3007.853	+	2344.57)	/	2 )
=	11284.356	/	2676.2115
=	4.22

Cimsa Cimentonayi Ve Ticaret AS (IST:CIMSA) 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.

Cimsa Cimentonayi Ve Ticaret AS Receivables Turnover Related Terms

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Cimsa Cimentonayi Ve Ticaret AS (IST:CIMSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cimsa Cimento Sanayi Ve Ticaret AS (IST:CIMSA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kayisdagi Cad. No: 1 Kat: 23-24, Allianz Tower Kucukbakkalkoy Mah., Istanbul, TUR, 34750

Website

https://www.cimsa.com.tr

Cimsa Cimento Sanayi Ve Ticaret AS is a building materials company that manufactures and distributes various types of cement. Cimsa's product offerings include specialty cement, such as white cement and calculate aluminate cement and regular grey cement. Beyond the company's primary cement segment, Cimsa produces ready-mixed concrete and the company operates its distribution system. It generates the majority of its revenue from the Cement segment. The company is based in Turkey but maintains factories and operations across Europe.

Cimsa Cimentonayi Ve Ticaret AS (IST:CIMSA) Headlines

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