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Migros Ticaret AS (IST:MGROS) Receivables Turnover : 66.98 (As of Dec. 2024)


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What is Migros 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. Migros Ticaret AS's Revenue for the three months ended in Dec. 2024 was ₺87,480 Mil. Migros Ticaret AS's average Accounts Receivable for the three months ended in Dec. 2024 was ₺1,306 Mil. Hence, Migros Ticaret AS's Receivables Turnover for the three months ended in Dec. 2024 was 66.98.


Migros Ticaret AS Receivables Turnover Historical Data

The historical data trend for Migros 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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Migros Ticaret AS Receivables Turnover Chart

Migros Ticaret AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 191.37 205.84 286.47 392.10 304.08

Migros Ticaret AS Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 112.35 62.94 46.62 52.43 66.98

Competitive Comparison of Migros Ticaret AS's Receivables Turnover

For the Grocery Stores subindustry, Migros 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.


Migros Ticaret AS's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Migros Ticaret AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Migros Ticaret AS's Receivables Turnover falls into.


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Migros Ticaret AS Receivables Turnover Calculation

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

Migros Ticaret AS'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 )
=293779.664 / ((534.18 + 1398.068) / 2 )
=293779.664 / 966.124
=304.08

Migros Ticaret AS'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 )
=87479.903 / ((1214.005 + 1398.068) / 2 )
=87479.903 / 1306.0365
=66.98

* 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.


Migros Ticaret AS  (IST:MGROS) 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.


Migros Ticaret AS Receivables Turnover Related Terms

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Migros Ticaret AS Business Description

Traded in Other Exchanges
N/A
Address
Ataturk Mahallesi Turgut Ozal Bulvari No 7, Atasehir - Istanbul, TUR, 34758
Migros Ticaret AS is a Turkey-based company that is principally engaged in the retail business. The company also operates in the business lines of online food retailing and ready meals, payment and electronic money services, logistics services, media, shopping center management, and others.

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