Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS (IST:HKTM) Receivables Turnover : 1.26 (As of Sep. 2023)

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What is Hidropar Hareket Kontrol Teknolojileri Merkezinayi 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. Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS's Revenue for the three months ended in Sep. 2023 was ₺109.0 Mil. Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS's average Accounts Receivable for the three months ended in Sep. 2023 was ₺86.2 Mil. Hence, Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS's Receivables Turnover for the three months ended in Sep. 2023 was 1.26.

Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS Receivables Turnover Historical Data

The historical data trend for Hidropar Hareket Kontrol Teknolojileri Merkezinayi 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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Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS Receivables Turnover Chart

Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

3.67

4.48

4.26

4.04

Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial							1.34	1.17	0.75	0.80	1.26

Competitive Comparison of Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Hidropar Hareket Kontrol Teknolojileri Merkezinayi 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.

Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS's Receivables Turnover falls into.

Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS Receivables Turnover Calculation

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

Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	282.159	/ (	(52.62	+	87.158)	/	2 )
=	282.159	/	69.889
=	4.04

Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	108.997	/ (	(76.043	+	96.286)	/	2 )
=	108.997	/	86.1645
=	1.26

Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS (IST:HKTM) 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.

Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS Receivables Turnover Related Terms

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Hidropar Hareket Kontrol Teknolojileri Merkezinayi Ve Ticaret AS (IST:HKTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hidropar Hareket Kontrol Teknolojileri Merkezi Sanayi Ve Ticaret AS (IST:HKTM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Inonu Mah. Gebze Plastikciler OSB. Cumhuriyet Cd. No:31, Gebze, Kocaeli, Istanbul, TUR, 41400

Website

https://www.hktm.com.tr

Hidropar Hareket Kontrol Teknolojileri Merkezi Sanayi Ve Ticaret AS offers engineering solutions. It produces mechanical Automation, Robotics, and Hydromechanical Systems. Its product offerings comprise 3 Axis Glass Transfer System, Oscillation Hydraulic System and Cylinder, Upper Table Bonding Project, Application of Plasma Projects, Vacuum Pack Conveyor System, Carton Box Counting System, X-Ray Machine Servo Drive System, among others.

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