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Soktas Tekstilnayi ve Ticaret AS (IST:SKTAS) Receivables Turnover : 3.06 (As of Dec. 2024)


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What is Soktas Tekstilnayi 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. Soktas Tekstilnayi ve Ticaret AS's Revenue for the three months ended in Dec. 2024 was ₺574 Mil. Soktas Tekstilnayi ve Ticaret AS's average Accounts Receivable for the three months ended in Dec. 2024 was ₺188 Mil. Hence, Soktas Tekstilnayi ve Ticaret AS's Receivables Turnover for the three months ended in Dec. 2024 was 3.06.


Soktas Tekstilnayi ve Ticaret AS Receivables Turnover Historical Data

The historical data trend for Soktas Tekstilnayi 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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Soktas Tekstilnayi ve Ticaret AS Receivables Turnover Chart

Soktas Tekstilnayi ve Ticaret AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.07 6.34 7.80 5.93 6.97

Soktas Tekstilnayi ve Ticaret AS Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.58 1.33 1.22 7.93 3.06

Competitive Comparison of Soktas Tekstilnayi ve Ticaret AS's Receivables Turnover

For the Textile Manufacturing subindustry, Soktas Tekstilnayi 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.


Soktas Tekstilnayi ve Ticaret AS's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Soktas Tekstilnayi ve Ticaret AS's Receivables Turnover distribution charts can be found below:

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


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Soktas Tekstilnayi ve Ticaret AS Receivables Turnover Calculation

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

Soktas Tekstilnayi ve Ticaret 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 )
=1790.025 / ((325.128 + 188.518) / 2 )
=1790.025 / 256.823
=6.97

Soktas Tekstilnayi ve Ticaret 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 )
=574.348 / ((186.606 + 188.518) / 2 )
=574.348 / 187.562
=3.06

* 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.


Soktas Tekstilnayi ve Ticaret AS  (IST:SKTAS) 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.


Soktas Tekstilnayi ve Ticaret AS Receivables Turnover Related Terms

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Soktas Tekstilnayi ve Ticaret AS Business Description

Traded in Other Exchanges
N/A
Address
Fethi Sekin Cad. No.3/801, Konak, Izmir, TUR, 35170
Soktas Tekstil Sanayi ve Ticaret AS designs, manufactures, and sells fabric and textile products. It offers cotton and cotton blended trouser fabrics & shirting and jacket that offers luxury at every level.

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