Efor Caynayi Tic AS (IST:EFORC) Receivables Turnover : 1.59 (As of Mar. 2025)

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What is Efor Caynayi Tic 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. Efor Caynayi Tic AS's Revenue for the three months ended in Mar. 2025 was ₺2,275 Mil. Efor Caynayi Tic AS's average Accounts Receivable for the three months ended in Mar. 2025 was ₺1,434 Mil. Hence, Efor Caynayi Tic AS's Receivables Turnover for the three months ended in Mar. 2025 was 1.59.

Efor Caynayi Tic AS Receivables Turnover Historical Data

The historical data trend for Efor Caynayi Tic 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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Efor Caynayi Tic AS Receivables Turnover Chart

Efor Caynayi Tic AS Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

5.94

9.49

7.85

5.82

Efor Caynayi Tic AS Quarterly Data
	Dec21	Dec22	Mar23	Sep23	Dec23	Mar24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial				1.87	1.68	2.38	2.25	1.59

Competitive Comparison of Efor Caynayi Tic AS's Receivables Turnover

For the Farm Products subindustry, Efor Caynayi Tic 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.

Efor Caynayi Tic AS's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Efor Caynayi Tic AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Efor Caynayi Tic AS's Receivables Turnover falls into.

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Efor Caynayi Tic AS Receivables Turnover Calculation

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

Efor Caynayi Tic AS's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	6732.747	/ (	(1082.131	+	1231.203)	/	2 )
=	6732.747	/	1156.667
=	5.82

Efor Caynayi Tic AS's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	2274.727	/ (	(1231.203	+	1636.551)	/	2 )
=	2274.727	/	1433.877
=	1.59

Efor Caynayi Tic AS (IST:EFORC) 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.

Efor Caynayi Tic AS Receivables Turnover Related Terms

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Efor Caynayi Tic AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Efor Cay Sanayi Tic AS (IST:EFORC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fatih Sultan Mehmat Mah., Aheste Sk. No.7/8, Umraniye, Istanbul, TUR

Website

https://www.eforcay.com/en

Efor Cay Sanayi Tic AS manufactures and produces teabag, teapot bag teas, and herbal and fruit teas. The company plants tea plants in the black sea region using domestic methods with technological twists. The teabags of the company has its fruit taste and pleasant aroma of spices, and herb mixtures together in the right proportions, O.P.A. Ceylon teas and products for Out-of-Home Consumption (OOH) which keeps person fit.

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