Koton Magazacilik Tekstilnayi Ve Ticaret AS (IST:KOTON) Receivables Turnover : 17.52 (As of Dec. 2023)

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What is Koton Magazacilik Tekstilnayi 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. Koton Magazacilik Tekstilnayi Ve Ticaret AS's Revenue for the six months ended in Dec. 2023 was ₺17,194 Mil. Koton Magazacilik Tekstilnayi Ve Ticaret AS's average Accounts Receivable for the six months ended in Dec. 2023 was ₺982 Mil. Hence, Koton Magazacilik Tekstilnayi Ve Ticaret AS's Receivables Turnover for the six months ended in Dec. 2023 was 17.52.

Koton Magazacilik Tekstilnayi Ve Ticaret AS Receivables Turnover Historical Data

The historical data trend for Koton Magazacilik Tekstilnayi 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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Koton Magazacilik Tekstilnayi Ve Ticaret AS Receivables Turnover Chart

Koton Magazacilik Tekstilnayi Ve Ticaret AS Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

23.70

22.50

17.52

Koton Magazacilik Tekstilnayi Ve Ticaret AS Semi-Annual Data
	Dec21	Dec22	Dec23
Receivables Turnover	23.70	22.50	17.52

Competitive Comparison of Koton Magazacilik Tekstilnayi Ve Ticaret AS's Receivables Turnover

For the Apparel Manufacturing subindustry, Koton Magazacilik Tekstilnayi 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.

Koton Magazacilik Tekstilnayi Ve Ticaret AS's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Koton Magazacilik Tekstilnayi Ve Ticaret AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Koton Magazacilik Tekstilnayi Ve Ticaret AS's Receivables Turnover falls into.

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Koton Magazacilik Tekstilnayi Ve Ticaret AS Receivables Turnover Calculation

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

Koton Magazacilik Tekstilnayi 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 )
=	17193.805	/ (	(816.971	+	1146.325)	/	2 )
=	17193.805	/	981.648
=	17.52

Koton Magazacilik Tekstilnayi Ve Ticaret 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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	17193.805	/ (	(816.971	+	1146.325)	/	2 )
=	17193.805	/	981.648
=	17.52

Koton Magazacilik Tekstilnayi Ve Ticaret AS (IST:KOTON) 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.

Koton Magazacilik Tekstilnayi Ve Ticaret AS Receivables Turnover Related Terms

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Koton Magazacilik Tekstilnayi Ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Koton Magazacilik Tekstil Sanayi Ve Ticaret AS (IST:KOTON) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ayazaga Street, No:3, Ic Kapi No:5, Ayazaga District, Istanbul, TUR

Website

https://www.kurumsal.koton.com.tr

Koton Magazacilik Tekstil Sanayi Ve Ticaret AS is a Fashion company that has grown into a regional retail ready-to-wear company that designs and sells Koton branded products in four continents. Its field of activity is to design and produce all kinds of textile and accessory products and to sell stores (retail sales) operated by itself or by Franchisees at home and abroad, through its website koton.com and the Company's mobile application. e-commerce channel, including local and international online marketplaces.

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