Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi (IST:MAKIM) Receivables Turnover : 1.23 (As of Dec. 2024)

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What is Makim Makina Teknolojilerinayi Ve Ticaret 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. Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's Revenue for the three months ended in Dec. 2024 was ₺262.0 Mil. Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's average Accounts Receivable for the three months ended in Dec. 2024 was ₺212.8 Mil. Hence, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's Receivables Turnover for the three months ended in Dec. 2024 was 1.23.

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi Receivables Turnover Historical Data

The historical data trend for Makim Makina Teknolojilerinayi Ve Ticaret 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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Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi Receivables Turnover Chart

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.91

4.76

5.77

4.23

3.87

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial												1.35	0.77	0.79	1.05	1.23

Competitive Comparison of Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Makim Makina Teknolojilerinayi Ve Ticaret 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.

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's Receivables Turnover falls into.

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Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi Receivables Turnover Calculation

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

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1053.601	/ (	(386.747	+	158.436)	/	2 )
=	1053.601	/	272.5915
=	3.87

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	262.045	/ (	(267.158	+	158.436)	/	2 )
=	262.045	/	212.797
=	1.23

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi (IST:MAKIM) 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.

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi Receivables Turnover Related Terms

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Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Makim Makina Teknolojileri Sanayi Ve Ticaret Anonim Sirketi (IST:MAKIM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Erkunt Caddesi No:20, Sincan Organize Sanayi Bolgesi, Sincan, Ankara, TUR, 06930

Website

https://www.makim.com.tr

Makim Makina Teknolojileri Sanayi Ve Ticaret Anonim Sirketi engages in production of own designed plunge electro erosion machines. It works on the design, development, and production issues of the electromechanical devices. It offers Turnstile Systems, Biometric Systems, Access Control Systems, Cameras and Accessories, and Alarm Systems, among others. It operates in three main sectors namely Access Control, Investment Casting, and Doner Cutting Equipment.

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