Netcad Yazilim ASIST:NETCD -5.58%30 Receivables Turnover is 2.84 as of Dec. 2024. GuruFocus rates IST:NETCD with a GF Score™ of 30/100. The stock has 2 warning signs investors should review. Among 2,770 Software companies, Netcad Yazilim AS ranks worse than 80.94% on this metric.
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. Netcad Yazilim AS's Revenue for the
six
months ended in Dec. 2024 was ₺1,126 Mil. Netcad Yazilim AS's average Accounts Receivable for the
six
months ended in Dec. 2024 was ₺396 Mil.
Hence, Netcad Yazilim AS's Receivables Turnover for the
six
months ended in Dec. 2024 was 2.84.
Netcad Yazilim AS (IST:NETCD) 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.
Netcad Yazilim AS Receivables Turnover Related Terms
Netcad Yazilim AS Receivables Turnover Historical Data
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The historical data trend for Netcad Yazilim 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.
Netcad Yazilim AS Receivables Turnover Chart
Netcad Yazilim AS Annual Data
Trend
Dec22
Dec23
Dec24
Receivables Turnover
2.44
2.60
2.84
Netcad Yazilim AS Semi-Annual Data
Dec22
Dec23
Dec24
Receivables Turnover
2.44
2.60
2.84
IST:NETCD vs CRM, SHOP, UBER: Receivables Turnover Comparison
For the Software - Application subindustry, Netcad Yazilim 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.
Netcad Yazilim AS Receivables Turnover vs Software Industry
For the Software industry and Technology sector, Netcad Yazilim AS's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Netcad Yazilim AS's Receivables Turnover falls into.
* 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.
Netcad Yazilim AS (IST:NETCD) has a Receivables Turnover of 2.84 as of Dec. 2024. The accounts 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. View historical data on Netcad Yazilim AS and its competitors. According to the industry distribution chart, Netcad Yazilim AS ranks #2242 out of 2770 companies in the Software industry, placing it in the top 80.9%.
Is Netcad Yazilim AS's Receivables Turnover too high?
Netcad Yazilim AS's current Receivables Turnover is 2.84. The Software industry median Receivables Turnover is 5.67. Netcad Yazilim AS's value of 2.84 is 49.9% below this industry median. Based on the distribution chart, Netcad Yazilim AS ranks #2242 out of 2770 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Netcad Yazilim AS has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Netcad Yazilim AS's Receivables Turnover compare to CRM and SHOP?
According to the Software industry distribution chart, Netcad Yazilim AS ranks #2242 out of 2770 companies for Receivables Turnover. This places Netcad Yazilim AS in the lower half of its industry. The industry median Receivables Turnover is 5.67. Netcad Yazilim AS's value of 2.84 is 49.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Software company?
The median Receivables Turnover among Software companies is 5.67, based on 2,770 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Netcad Yazilim AS's current Receivables Turnover of 2.84 is 49.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Netcad Yazilim AS and its competitors. For the Software industry, the median Receivables Turnover is 5.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netcad Yazilim AS's current Receivables Turnover is 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netcad Yazilim AS stock overvalued right now?
Netcad Yazilim AS (IST:NETCD) has a current Receivables Turnover of 2.84. The current Receivables Turnover is 2.84 and 49.9% below the Software industry median of 5.67. Netcad Yazilim AS's overall GF Score™ is 30/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Netcad Yazilim AS (IST:NETCD), the current Receivables Turnover is 2.84 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Netcad Yazilim AS a developer of software in this field in Turkey focused on Geographic Information Systems (GIS), CAD, engineering and smart-city solutions. Its solutions involve Smart Cities, Smart Planning, Digital Mapping, Land Management, Smart Mining, Smart Grid Management, and Smart Transportation.
30GF Score
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