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GSD Holding AS (IST:GSDHO) Receivables Turnover : 2.30 (As of Dec. 2023)


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What is GSD Holding 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. GSD Holding AS's Revenue for the three months ended in Dec. 2023 was ₺800 Mil. GSD Holding AS's average Accounts Receivable for the three months ended in Dec. 2023 was ₺348 Mil. Hence, GSD Holding AS's Receivables Turnover for the three months ended in Dec. 2023 was 2.30.


GSD Holding AS Receivables Turnover Historical Data

The historical data trend for GSD Holding 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.

GSD Holding AS Receivables Turnover Chart

GSD Holding 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 33.36 9.79 9.00 5.27 4.63

GSD Holding 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 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 2.79 0.46 0.56 0.66 2.30

Competitive Comparison of GSD Holding AS's Receivables Turnover

For the Marine Shipping subindustry, GSD Holding 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.


GSD Holding AS's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, GSD Holding AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where GSD Holding AS's Receivables Turnover falls into.



GSD Holding AS Receivables Turnover Calculation

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

GSD Holding 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 )
=1857.317 / ((799.59 + 2.391) / 2 )
=1857.317 / 400.9905
=4.63

GSD Holding 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 )
=799.822 / ((693.908 + 2.391) / 2 )
=799.822 / 348.1495
=2.30

* 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.


GSD Holding AS  (IST:GSDHO) 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.


GSD Holding AS Receivables Turnover Related Terms

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GSD Holding AS (IST:GSDHO) Business Description

Traded in Other Exchanges
N/A
Address
Aydinevler Mahallesi, Captan Rifat Sokak Number 3, Kucukyali, Maltepe, Istanbul, TUR, 34854
GSD Holding AS operates in finance, marine, and energy sectors through its subsidiaries in Turkey. Its primary functions are to establish, execute, and evaluate the medium-term goals and targets for its subsidiaries and affiliated companies, and to coordinate their activities.

GSD Holding AS (IST:GSDHO) Headlines

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