Mondi Olmuksan Kagit Ve Ambalajnayi AS (IST:OLMK) Receivables Turnover : 3.20 (As of Dec. 2021)

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What is Mondi Olmuksan Kagit Ve Ambalajnayi 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. Mondi Olmuksan Kagit Ve Ambalajnayi AS's Revenue for the six months ended in Dec. 2021 was ₺2,295 Mil. Mondi Olmuksan Kagit Ve Ambalajnayi AS's average Accounts Receivable for the six months ended in Dec. 2021 was ₺717 Mil. Hence, Mondi Olmuksan Kagit Ve Ambalajnayi AS's Receivables Turnover for the six months ended in Dec. 2021 was 3.20.

Mondi Olmuksan Kagit Ve Ambalajnayi AS Receivables Turnover Historical Data

The historical data trend for Mondi Olmuksan Kagit Ve Ambalajnayi 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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Mondi Olmuksan Kagit Ve Ambalajnayi AS Receivables Turnover Chart

Mondi Olmuksan Kagit Ve Ambalajnayi AS Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

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3.13

3.04

2.67

3.08

3.20

Mondi Olmuksan Kagit Ve Ambalajnayi AS Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21
Receivables Turnover	Get a 7-Day Free Trial												3.13	3.04	2.67	3.08	3.20

Competitive Comparison of Mondi Olmuksan Kagit Ve Ambalajnayi AS's Receivables Turnover

For the Packaging & Containers subindustry, Mondi Olmuksan Kagit Ve Ambalajnayi 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.

Mondi Olmuksan Kagit Ve Ambalajnayi AS's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Mondi Olmuksan Kagit Ve Ambalajnayi AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mondi Olmuksan Kagit Ve Ambalajnayi AS's Receivables Turnover falls into.

Mondi Olmuksan Kagit Ve Ambalajnayi AS Receivables Turnover Calculation

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

Mondi Olmuksan Kagit Ve Ambalajnayi AS's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	2295.275	/ (	(478.109	+	955.967)	/	2 )
=	2295.275	/	717.038
=	3.20

Mondi Olmuksan Kagit Ve Ambalajnayi AS's Receivables Turnover for the quarter that ended in Dec. 2021 is calculated as

	Receivables Turnover (Q: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2021 )	/ (	(Accounts Receivable (Q: Dec. 2020 )	+	Accounts Receivable (Q: Dec. 2021 ))	/	count )
=	2295.275	/ (	(478.109	+	955.967)	/	2 )
=	2295.275	/	717.038
=	3.20

Mondi Olmuksan Kagit Ve Ambalajnayi AS (IST:OLMK) 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.

Mondi Olmuksan Kagit Ve Ambalajnayi AS Receivables Turnover Related Terms

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Mondi Olmuksan Kagit Ve Ambalajnayi AS (IST:OLMK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Mondi Olmuksan Kagit Ve Ambalaj Sanayi AS (IST:OLMK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fatih Sultan Mehmet Mahallesi, Poligon Cad. Buyaka 2 Sitesi, No:8B 2.Kule Kat:8 Tepeüstü, Istanbul, TUR, 34471

Website

http://www.olmuksan-ipaper.com

Olmuksan International Paper Ambalaj Sanayi Ve Ticaret AS is engaged in the production and sales of various types and sizes of corrugated boxes and other custom manufacturing goods. The company has its plants located in Adana, Bursa, Corluy, Corum, Izmir, and Gebze in Turkey. It offers a variety of products including corrugated packaging, fresh fruit and vegetable packaging, transport packaging, shelf ready packaging, and heavy duty packaging. It also offers packaging solutions including supply chain, structural design and printing services.

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