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Tat Gidanayi AS (IST:TATGD) Receivables Turnover : 1.38 (As of Dec. 2024)


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What is Tat Gidanayi 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. Tat Gidanayi AS's Revenue for the three months ended in Dec. 2024 was ₺1,594 Mil. Tat Gidanayi AS's average Accounts Receivable for the three months ended in Dec. 2024 was ₺1,158 Mil. Hence, Tat Gidanayi AS's Receivables Turnover for the three months ended in Dec. 2024 was 1.38.


Tat Gidanayi AS Receivables Turnover Historical Data

The historical data trend for Tat Gidanayi 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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Tat Gidanayi AS Receivables Turnover Chart

Tat Gidanayi 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 1.94 2.37 5.63 5.00 4.27

Tat Gidanayi 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 1.39 0.93 0.99 1.04 1.38

Competitive Comparison of Tat Gidanayi AS's Receivables Turnover

For the Packaged Foods subindustry, Tat Gidanayi 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.


Tat Gidanayi AS's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tat Gidanayi AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tat Gidanayi AS's Receivables Turnover falls into.


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Tat Gidanayi AS Receivables Turnover Calculation

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

Tat Gidanayi 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 )
=6332.759 / ((1933.672 + 1029.415) / 2 )
=6332.759 / 1481.5435
=4.27

Tat Gidanayi 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 )
=1593.791 / ((1286.001 + 1029.415) / 2 )
=1593.791 / 1157.708
=1.38

* 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.


Tat Gidanayi AS  (IST:TATGD) 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.


Tat Gidanayi AS Receivables Turnover Related Terms

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Tat Gidanayi AS Business Description

Traded in Other Exchanges
N/A
Address
Tasdelen Mahallesi Sirri Celik Bulvari No. 7, Cekmekoy, Istanbul, TUR, 34788
Tat Gida Sanayi AS is involved in the food sector. The company is engaged in production, distribution, marketing, the domestic and foreign trade of food, beverage, juice, agricultural and animal products, frozen foods, dried goods, sweet and sugar free juice and canned goods. Its segments include Tomato paste and canned foods; and Milk and dairy products. The company generates maximum revenue from the Milk and dairy products segment.

Tat Gidanayi AS Headlines

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