Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Receivables Turnover : 1.10 (As of Mar. 2024)

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What is Hitit Bilgisayar Hizmetleri 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. Hitit Bilgisayar Hizmetleri AS's Revenue for the three months ended in Mar. 2024 was ₺215.8 Mil. Hitit Bilgisayar Hizmetleri AS's average Accounts Receivable for the three months ended in Mar. 2024 was ₺195.5 Mil. Hence, Hitit Bilgisayar Hizmetleri AS's Receivables Turnover for the three months ended in Mar. 2024 was 1.10.

Hitit Bilgisayar Hizmetleri AS Receivables Turnover Historical Data

The historical data trend for Hitit Bilgisayar Hizmetleri 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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Hitit Bilgisayar Hizmetleri AS Receivables Turnover Chart

Hitit Bilgisayar Hizmetleri AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.73

3.96

3.43

4.80

4.79

Hitit Bilgisayar Hizmetleri AS Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												1.30	1.05	1.21	1.16	1.10

Competitive Comparison of Hitit Bilgisayar Hizmetleri AS's Receivables Turnover

For the Software - Application subindustry, Hitit Bilgisayar Hizmetleri 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.

Hitit Bilgisayar Hizmetleri AS's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Hitit Bilgisayar Hizmetleri AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hitit Bilgisayar Hizmetleri AS's Receivables Turnover falls into.

Hitit Bilgisayar Hizmetleri AS Receivables Turnover Calculation

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

Hitit Bilgisayar Hizmetleri 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 )
=	609.051	/ (	(81.045	+	173.238)	/	2 )
=	609.051	/	127.1415
=	4.79

Hitit Bilgisayar Hizmetleri AS's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	215.828	/ (	(173.238	+	217.825)	/	2 )
=	215.828	/	195.5315
=	1.10

Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) 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.

Hitit Bilgisayar Hizmetleri AS Receivables Turnover Related Terms

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Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) » Definitions » Receivables Turnover

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Address

Resitpasa Mah. Katar Cad. No: 4/1 Ari, Teknokent 2 Ic Kapi No: 601 34469, Maslak, Istanbul, TUR

Website

https://www.hitit.com

Hitit Bilgisayar Hizmetleri AS is a provider of airline IT solutions intended to meet the needs of industry players in the travel industry. The company's solutions offer a comprehensive suite that covers the entire operational life-circle, web-based airline reservations and ticketing systems, schedule and crew planning through core passenger service and ground-handling needs, industrial-standard accounting, reporting tools, as well as complementing solutions such as loyalty, customer management, multiple sales and distribution channels.

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