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Elite Naturel Organik Gidanayi ve Ticaret AS (IST:ELITE) Receivables Turnover : 0.68 (As of Sep. 2024)


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What is Elite Naturel Organik Gidanayi 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. Elite Naturel Organik Gidanayi ve Ticaret AS's Revenue for the three months ended in Sep. 2024 was ₺481 Mil. Elite Naturel Organik Gidanayi ve Ticaret AS's average Accounts Receivable for the three months ended in Sep. 2024 was ₺708 Mil. Hence, Elite Naturel Organik Gidanayi ve Ticaret AS's Receivables Turnover for the three months ended in Sep. 2024 was 0.68.


Elite Naturel Organik Gidanayi ve Ticaret AS Receivables Turnover Historical Data

The historical data trend for Elite Naturel Organik Gidanayi 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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Elite Naturel Organik Gidanayi ve Ticaret AS Receivables Turnover Chart

Elite Naturel Organik Gidanayi ve Ticaret AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 3.27 3.99 2.39 3.89 2.29

Elite Naturel Organik Gidanayi ve Ticaret AS Quarterly Data
Dec18 Dec19 Jun20 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 0.52 0.03 0.75 0.87 0.68

Competitive Comparison of Elite Naturel Organik Gidanayi ve Ticaret AS's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, Elite Naturel Organik Gidanayi 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.


Elite Naturel Organik Gidanayi ve Ticaret AS's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Elite Naturel Organik Gidanayi ve Ticaret AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Elite Naturel Organik Gidanayi ve Ticaret AS's Receivables Turnover falls into.



Elite Naturel Organik Gidanayi ve Ticaret AS Receivables Turnover Calculation

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

Elite Naturel Organik Gidanayi 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 )
=855.615 / ((363.561 + 385.064) / 2 )
=855.615 / 374.3125
=2.29

Elite Naturel Organik Gidanayi 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 )
=481.126 / ((649.224 + 766.829) / 2 )
=481.126 / 708.0265
=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.


Elite Naturel Organik Gidanayi ve Ticaret AS  (IST:ELITE) 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.


Elite Naturel Organik Gidanayi ve Ticaret AS Receivables Turnover Related Terms

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Elite Naturel Organik Gidanayi ve Ticaret AS Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Mustafa Kemal Mah. 2159 Sok. 6-8, Sogutozu, Ankara, TUR, 06520
Elite Naturel Organik Gida Sanayi ve Ticaret AS is engaged in manufacturing of fruit based beverages. Its products include Karadut Sayu, Skinny, Super Chia, Merry Berry, Tropic Breeze, Mor, Turuncu, and Well Greens.

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