Ldr Turizm Anonim Sirketi (IST:LIDER) Receivables Turnover : 15.81 (As of Mar. 2024)

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What is Ldr Turizm Anonim Sirketi 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. Ldr Turizm Anonim Sirketi's Revenue for the three months ended in Mar. 2024 was ₺400 Mil. Ldr Turizm Anonim Sirketi's average Accounts Receivable for the three months ended in Mar. 2024 was ₺25 Mil. Hence, Ldr Turizm Anonim Sirketi's Receivables Turnover for the three months ended in Mar. 2024 was 15.81.

Ldr Turizm Anonim Sirketi Receivables Turnover Historical Data

The historical data trend for Ldr Turizm Anonim Sirketi'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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Ldr Turizm Anonim Sirketi Receivables Turnover Chart

Ldr Turizm Anonim Sirketi Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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51.59

60.39

66.80

97.08

80.12

Ldr Turizm Anonim Sirketi Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											31.28	20.58	20.72	38.18	15.81

Competitive Comparison of Ldr Turizm Anonim Sirketi's Receivables Turnover

For the Rental & Leasing Services subindustry, Ldr Turizm Anonim Sirketi'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.

Ldr Turizm Anonim Sirketi's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ldr Turizm Anonim Sirketi's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ldr Turizm Anonim Sirketi's Receivables Turnover falls into.

Ldr Turizm Anonim Sirketi Receivables Turnover Calculation

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

Ldr Turizm Anonim Sirketi'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 )
=	1773.395	/ (	(20.089	+	24.179)	/	2 )
=	1773.395	/	22.134
=	80.12

Ldr Turizm Anonim Sirketi'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 )
=	399.992	/ (	(24.179	+	26.419)	/	2 )
=	399.992	/	25.299
=	15.81

Ldr Turizm Anonim Sirketi (IST:LIDER) 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.

Ldr Turizm Anonim Sirketi Receivables Turnover Related Terms

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Ldr Turizm Anonim Sirketi (IST:LIDER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ldr Turizm Anonim Sirketi (IST:LIDER) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Plaza Ayazaga Yolu No:7 K:14, Maslak, Istanbul, TUR

Website

https://www.liderfilo.com.tr

Ldr Turizm Anonim Sirketi provides its customers with long-term specialized car rental services within the framework of financial and technological developments. The services offered by the company include 24/7 professional assistance & roadside assistance, backup vehicles, maintenance & repair, examination, tire management, penalty management, and valet service.

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