Odine Solutions Teknoloji Ticaret venayi AS (IST:ODINE) Receivables Turnover : 1.30 (As of Dec. 2024)

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What is Odine Solutions Teknoloji Ticaret venayi 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. Odine Solutions Teknoloji Ticaret venayi AS's Revenue for the three months ended in Dec. 2024 was ₺695 Mil. Odine Solutions Teknoloji Ticaret venayi AS's average Accounts Receivable for the three months ended in Dec. 2024 was ₺536 Mil. Hence, Odine Solutions Teknoloji Ticaret venayi AS's Receivables Turnover for the three months ended in Dec. 2024 was 1.30.

Odine Solutions Teknoloji Ticaret venayi AS Receivables Turnover Historical Data

The historical data trend for Odine Solutions Teknoloji Ticaret venayi 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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Odine Solutions Teknoloji Ticaret venayi AS Receivables Turnover Chart

Odine Solutions Teknoloji Ticaret venayi AS Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

2.18

2.01

1.71

1.57

Odine Solutions Teknoloji Ticaret venayi AS Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			-	0.65	0.49	0.68	1.30

Competitive Comparison of Odine Solutions Teknoloji Ticaret venayi AS's Receivables Turnover

For the Software - Infrastructure subindustry, Odine Solutions Teknoloji Ticaret venayi 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.

Odine Solutions Teknoloji Ticaret venayi AS's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Odine Solutions Teknoloji Ticaret venayi AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Odine Solutions Teknoloji Ticaret venayi AS's Receivables Turnover falls into.

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Odine Solutions Teknoloji Ticaret venayi AS Receivables Turnover Calculation

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

Odine Solutions Teknoloji Ticaret venayi 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 )
=	1199.707	/ (	(662.655	+	861.771)	/	2 )
=	1199.707	/	762.213
=	1.57

Odine Solutions Teknoloji Ticaret venayi 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 )
=	694.97	/ (	(209.928	+	861.771)	/	2 )
=	694.97	/	535.8495
=	1.30

Odine Solutions Teknoloji Ticaret venayi AS (IST:ODINE) 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.

Odine Solutions Teknoloji Ticaret venayi AS Receivables Turnover Related Terms

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Odine Solutions Teknoloji Ticaret venayi AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Odine Solutions Teknoloji Ticaret ve Sanayi AS (IST:ODINE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Veko Giz Plaza, Kat no. 11 Maslak, Istanbul, TUR

Website

https://www.odine.com

Odine Solutions Teknoloji Ticaret ve Sanayi AS is a company whose systems integration and software technology expertise delivers revolutionary solutions for Tier 1 SDN, virtualization, and cloudification. It is a communication solutions company that enables global telecoms companies to evolve with a sustainable approach. With market-leading technology, holistic solutions, and collaborative partnership, It will support the clients to reinvent its value creation formula.

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