Mia Teknoloji (IST:MIATK) Receivables Turnover : 0.69 (As of Dec. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Mia Teknoloji 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. Mia Teknoloji's Revenue for the three months ended in Dec. 2024 was ₺831 Mil. Mia Teknoloji's average Accounts Receivable for the three months ended in Dec. 2024 was ₺1,197 Mil. Hence, Mia Teknoloji's Receivables Turnover for the three months ended in Dec. 2024 was 0.69.

Mia Teknoloji Receivables Turnover Historical Data

The historical data trend for Mia Teknoloji'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.

Mia Teknoloji Receivables Turnover Chart

Mia Teknoloji Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

Get a 7-Day Free Trial

8.00

6.19

11.45

5.44

2.72

Mia Teknoloji Quarterly Data
	Dec18	Dec19	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														1.06	1.17	0.30	0.29	0.69

Competitive Comparison of Mia Teknoloji's Receivables Turnover

For the Information Technology Services subindustry, Mia Teknoloji'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.

Mia Teknoloji's Receivables Turnover Distribution in the Software Industry

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

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

Save Embed

;

Save Embed

;

Mia Teknoloji Receivables Turnover Calculation

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

Mia Teknoloji's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	2583.301	/ (	(591.132	+	1306.381)	/	2 )
=	2583.301	/	948.7565
=	2.72

Mia Teknoloji's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	830.75	/ (	(1086.924	+	1306.381)	/	2 )
=	830.75	/	1196.6525
=	0.69

Mia Teknoloji (IST:MIATK) 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.

Mia Teknoloji Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Mia Teknoloji's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Mia Teknoloji Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mia Teknoloji (IST:MIATK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gazi University Golbasi Campus, Techno Plaza Building B Block BZ/16, Golbasi, Ankara, TUR, 06830

Website

https://www.miateknoloji.com

Mia Teknoloji is a research & development, Innovation, Software Development, Integration, and Solution Provider company located in Technology Development Area. It focuses on the information infrastructure needs of both public and private organizations and develops tailor-made system solutions. The company's services include Facility and Building Installation, Information security training, Data Center Consultancy, Penetration test, and Network security products.

Mia Teknoloji Headlines

No Headlines