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Kron Teknoloji AS (IST:KRONT) Receivables Turnover : 0.51 (As of Jun. 2024)


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What is Kron Teknoloji 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. Kron Teknoloji AS's Revenue for the three months ended in Jun. 2024 was ₺80.6 Mil. Kron Teknoloji AS's average Accounts Receivable for the three months ended in Jun. 2024 was ₺157.3 Mil. Hence, Kron Teknoloji AS's Receivables Turnover for the three months ended in Jun. 2024 was 0.51.


Kron Teknoloji AS Receivables Turnover Historical Data

The historical data trend for Kron Teknoloji 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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Kron Teknoloji AS Receivables Turnover Chart

Kron Teknoloji 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 2.05 1.39 1.57 2.56 1.74

Kron Teknoloji AS Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.16 0.66 1.12 0.35 0.51

Competitive Comparison of Kron Teknoloji AS's Receivables Turnover

For the Software - Infrastructure subindustry, Kron Teknoloji 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.


Kron Teknoloji AS's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Kron Teknoloji AS's Receivables Turnover falls into.



Kron Teknoloji AS Receivables Turnover Calculation

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

Kron Teknoloji 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 )
=308.389 / ((157.327 + 196.969) / 2 )
=308.389 / 177.148
=1.74

Kron Teknoloji AS's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=80.623 / ((185.869 + 128.768) / 2 )
=80.623 / 157.3185
=0.51

* 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.


Kron Teknoloji AS  (IST:KRONT) 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.


Kron Teknoloji AS Receivables Turnover Related Terms

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Kron Teknoloji AS Business Description

Traded in Other Exchanges
N/A
Address
Bilkent CyberPark C Blok No: 321 Bilkent, Istanbul, TUR, 34805
Kron Teknoloji AS produces high technology solutions for the operational efficiency and security needs of corporate enterprises in finance, energy and health sectors, particularly in telecommunications. It offers advanced technology software products for the needs of medium and large size enterprises in the areas of service activation, quality assurance systems, ICT (Information and Communication Technology) Access Control Systems, high performance real-time data processing, and next generation security and audit.

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