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Limak Dogu Anadolu Cimento (IST:LMKDC) Receivables Turnover : 1.84 (As of Sep. 2024)


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What is Limak Dogu Anadolu Cimento 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. Limak Dogu Anadolu Cimento's Revenue for the three months ended in Sep. 2024 was ₺1,541 Mil. Limak Dogu Anadolu Cimento's average Accounts Receivable for the three months ended in Sep. 2024 was ₺839 Mil. Hence, Limak Dogu Anadolu Cimento's Receivables Turnover for the three months ended in Sep. 2024 was 1.84.


Limak Dogu Anadolu Cimento Receivables Turnover Historical Data

The historical data trend for Limak Dogu Anadolu Cimento'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.

* Premium members only.

Limak Dogu Anadolu Cimento Receivables Turnover Chart

Limak Dogu Anadolu Cimento Annual Data
Trend Dec20 Dec21 Dec22
Receivables Turnover
2.29 2.11 2.48

Limak Dogu Anadolu Cimento Quarterly Data
Dec20 Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only - 3.65 2.10 2.06 1.84

Competitive Comparison of Limak Dogu Anadolu Cimento's Receivables Turnover

For the Building Materials subindustry, Limak Dogu Anadolu Cimento'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.


Limak Dogu Anadolu Cimento's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Limak Dogu Anadolu Cimento's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Limak Dogu Anadolu Cimento's Receivables Turnover falls into.



Limak Dogu Anadolu Cimento Receivables Turnover Calculation

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

Limak Dogu Anadolu Cimento'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 )
=1171.096 / ((369.44 + 575.906) / 2 )
=1171.096 / 472.673
=2.48

Limak Dogu Anadolu Cimento's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=1540.936 / ((814.818 + 862.196) / 2 )
=1540.936 / 838.507
=1.84

* 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.


Limak Dogu Anadolu Cimento  (IST:LMKDC) 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.


Limak Dogu Anadolu Cimento Receivables Turnover Related Terms

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Limak Dogu Anadolu Cimento Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Bahcekapi Mah. Guvercinlik, Limak Ankara Cement Factory, Inside Etimesgut, Ankara, TUR
Limak Dogu Anadolu Cimento is a cement company operating n the cement sector. The main activity of the Company is clinker and cement production, marketing and sales in abroad.

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