Netas Telekomuenikasyon AS (IST:NETAS) Receivables Turnover : 1.04 (As of Jun. 2024)

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What is Netas Telekomuenikasyon 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. Netas Telekomuenikasyon AS's Revenue for the three months ended in Jun. 2024 was ₺2,187 Mil. Netas Telekomuenikasyon AS's average Accounts Receivable for the three months ended in Jun. 2024 was ₺2,105 Mil. Hence, Netas Telekomuenikasyon AS's Receivables Turnover for the three months ended in Jun. 2024 was 1.04.

Netas Telekomuenikasyon AS Receivables Turnover Historical Data

The historical data trend for Netas Telekomuenikasyon 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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Netas Telekomuenikasyon AS Receivables Turnover Chart

Netas Telekomuenikasyon AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.57

2.74

2.22

2.43

2.88

Netas Telekomuenikasyon AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															0.93	0.92	0.92	0.69	1.04

Competitive Comparison of Netas Telekomuenikasyon AS's Receivables Turnover

For the Communication Equipment subindustry, Netas Telekomuenikasyon 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.

Netas Telekomuenikasyon AS's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Netas Telekomuenikasyon AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Netas Telekomuenikasyon AS's Receivables Turnover falls into.

Netas Telekomuenikasyon AS Receivables Turnover Calculation

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

Netas Telekomuenikasyon AS'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 )
=	6958.288	/ (	(1950.954	+	2875.093)	/	2 )
=	6958.288	/	2413.0235
=	2.88

Netas Telekomuenikasyon AS's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	2186.952	/ (	(2129.497	+	2080.073)	/	2 )
=	2186.952	/	2104.785
=	1.04

Netas Telekomuenikasyon AS (IST:NETAS) 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.

Netas Telekomuenikasyon AS Receivables Turnover Related Terms

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Netas Telekomuenikasyon AS Business Description

Industry

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Traded in Other Exchanges

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Address

Yenisehir Mahallesi Osmanli Bulvari No. 11, Kurtko, Pendik, Istanbul, TUR, 34912

Website

http://www.netas.com.tr

Netas Telekomuenikasyon AS is engaged in the manufacturing and trading of telecommunication, equipment, project installation services, technical support, repair and maintenance services, IT services, strategic outsourcing services, implementation, and associated activities. The company's operating segments include Enterprise, Public, International, Technology, Telecom and BDH. It generates maximum revenue from the Enterprise segment. The company serves Financial Institutions, Telecom Service Providers, Public and Public Safety, Energy, Sports and Entertainment, Retail and FMCG, Smart Building and Campus Solutions and Transportation industries.

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