Oba Makarnaciliknayi ve Ticaret AS (IST:OBAMS) Receivables Turnover : 1.68 (As of Sep. 2024)

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What is Oba Makarnaciliknayi ve 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. Oba Makarnaciliknayi ve Ticaret AS's Revenue for the three months ended in Sep. 2024 was ₺4,044 Mil. Oba Makarnaciliknayi ve Ticaret AS's average Accounts Receivable for the three months ended in Sep. 2024 was ₺2,406 Mil. Hence, Oba Makarnaciliknayi ve Ticaret AS's Receivables Turnover for the three months ended in Sep. 2024 was 1.68.

Oba Makarnaciliknayi ve Ticaret AS Receivables Turnover Historical Data

The historical data trend for Oba Makarnaciliknayi ve 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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Oba Makarnaciliknayi ve Ticaret AS Receivables Turnover Chart

Oba Makarnaciliknayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

9.87

12.69

12.35

Oba Makarnaciliknayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial					-	4.24	1.84	1.39	1.68

Competitive Comparison of Oba Makarnaciliknayi ve Ticaret AS's Receivables Turnover

For the Packaged Foods subindustry, Oba Makarnaciliknayi ve 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.

Oba Makarnaciliknayi ve Ticaret AS's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Oba Makarnaciliknayi ve Ticaret AS's Receivables Turnover distribution charts can be found below:

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

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Oba Makarnaciliknayi ve Ticaret AS Receivables Turnover Calculation

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

Oba Makarnaciliknayi ve Ticaret AS's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	11069.054	/ (	(507.831	+	1285.193)	/	2 )
=	11069.054	/	896.512
=	12.35

Oba Makarnaciliknayi ve Ticaret AS's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	4043.81	/ (	(2314.005	+	2497.545)	/	2 )
=	4043.81	/	2405.775
=	1.68

Oba Makarnaciliknayi ve Ticaret AS (IST:OBAMS) 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.

Oba Makarnaciliknayi ve Ticaret AS Receivables Turnover Related Terms

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Oba Makarnaciliknayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oba Makarnacilik Sanayi ve Ticaret AS (IST:OBAMS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.4. Organize Sanayi Bolgesi, 83422 Nolu Sehitkamil Gaziantep, Bolgesi, TUR, 27110

Website

https://www.obamakarna.com.tr

Oba Makarnacilik Sanayi ve Ticaret AS is engaged in the food sector. The Company operates in the pasta, noodle, flour, semolina, and wheat products food sector. The Company is also engaged in the purchase and sale of grains (wheat) as a commercial activity. The Company carries out its production activities in Gaziantep Plant and Hendek Plant.

Oba Makarnaciliknayi ve Ticaret AS Headlines

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