Galata Wind Enerji (IST:GWIND) Receivables Turnover : 3.75 (As of Dec. 2024)

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What is Galata Wind Enerji 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. Galata Wind Enerji's Revenue for the three months ended in Dec. 2024 was ₺682 Mil. Galata Wind Enerji's average Accounts Receivable for the three months ended in Dec. 2024 was ₺182 Mil. Hence, Galata Wind Enerji's Receivables Turnover for the three months ended in Dec. 2024 was 3.75.

Galata Wind Enerji Receivables Turnover Historical Data

The historical data trend for Galata Wind Enerji'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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Galata Wind Enerji Receivables Turnover Chart

Galata Wind Enerji Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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11.43

9.07

20.60

15.87

11.27

Galata Wind Enerji Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															3.81	2.96	2.71	3.53	3.75

Competitive Comparison of Galata Wind Enerji's Receivables Turnover

For the Utilities - Renewable subindustry, Galata Wind Enerji'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.

Galata Wind Enerji's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Galata Wind Enerji's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Galata Wind Enerji's Receivables Turnover falls into.

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Galata Wind Enerji Receivables Turnover Calculation

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

Galata Wind Enerji'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 )
=	2364.4	/ (	(199.688	+	219.973)	/	2 )
=	2364.4	/	209.8305
=	11.27

Galata Wind Enerji's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	682.264	/ (	(143.703	+	219.973)	/	2 )
=	682.264	/	181.838
=	3.75

Galata Wind Enerji (IST:GWIND) 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.

Galata Wind Enerji Receivables Turnover Related Terms

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Galata Wind Enerji Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Galata Wind Enerji (IST:GWIND) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Burhaniye Mahallesi Kisikli, Caddesi No: 65, Uskudar, Istanbul, TUR, 34676

Website

https://www.galatawindenerji.com

Galata Wind Enerji is engaged in establishing, commissioning, leasing electrical energy production facilities, and electricity generation. It produces renewable energy and develops battery solutions. The firm designs solar energy systems to produce energy on the roofs of homes, schools, workplaces, fuel stations, and production centers.

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