Pegasus Hava Tasimaciligi AS (IST:PGSUS) Receivables Turnover : 9.26 (As of Dec. 2023)

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What is Pegasus Hava Tasimaciligi 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. Pegasus Hava Tasimaciligi AS's Revenue for the three months ended in Dec. 2023 was ₺18,557 Mil. Pegasus Hava Tasimaciligi AS's average Accounts Receivable for the three months ended in Dec. 2023 was ₺2,004 Mil. Hence, Pegasus Hava Tasimaciligi AS's Receivables Turnover for the three months ended in Dec. 2023 was 9.26.

Pegasus Hava Tasimaciligi AS Receivables Turnover Historical Data

The historical data trend for Pegasus Hava Tasimaciligi 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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Pegasus Hava Tasimaciligi AS Receivables Turnover Chart

Pegasus Hava Tasimaciligi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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31.20

13.92

36.17

52.94

47.68

Pegasus Hava Tasimaciligi AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															8.44	7.32	9.17	12.62	9.26

Competitive Comparison of Pegasus Hava Tasimaciligi AS's Receivables Turnover

For the Airlines subindustry, Pegasus Hava Tasimaciligi 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.

Pegasus Hava Tasimaciligi AS's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Pegasus Hava Tasimaciligi AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pegasus Hava Tasimaciligi AS's Receivables Turnover falls into.

Pegasus Hava Tasimaciligi AS Receivables Turnover Calculation

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

Pegasus Hava Tasimaciligi 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 )
=	70531.532	/ (	(1252.143	+	1706.578)	/	2 )
=	70531.532	/	1479.3605
=	47.68

Pegasus Hava Tasimaciligi AS's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	18556.543	/ (	(2301.401	+	1706.578)	/	2 )
=	18556.543	/	2003.9895
=	9.26

Pegasus Hava Tasimaciligi AS (IST:PGSUS) 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.

Pegasus Hava Tasimaciligi AS Receivables Turnover Related Terms

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Pegasus Hava Tasimaciligi AS (IST:PGSUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pegasus Hava Tasimaciligi AS (IST:PGSUS) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Aeropark, Yeni?ehir Mahallesi, Osmanl? Bulvar?, No: 11/A, Kurtkoy-Pendik, Istanbul, TUR, 34912

Website

https://www.flypgs.com

Pegasus Hava Tasimaciligi AS is one of the leading airlines in Turkey. It provides domestic and international routes and focuses on providing high-frequency services on short- and medium-haul flights. Scheduled and chartered flights are offered, and the company generates additional revenues by providing ancillary services. In-flight beverages and food, excess baggage, reservation changes, seat selection, and other services are provided to customers at an extra charge. The company is managed as a single business unit, and resource-allocation decisions are based on the entire route network. Approximately half of the total revenue is derived from international scheduled flights. Destinations across Europe make up the majority of international flights.

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