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Temapol Polimer Plastik Ve Insaatnayi Ticaret AS (IST:TMPOL) Receivables Turnover : 2.27 (As of Dec. 2023)


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What is Temapol Polimer Plastik Ve Insaatnayi 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. Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's Revenue for the three months ended in Dec. 2023 was ₺390.1 Mil. Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's average Accounts Receivable for the three months ended in Dec. 2023 was ₺171.6 Mil. Hence, Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's Receivables Turnover for the three months ended in Dec. 2023 was 2.27.


Temapol Polimer Plastik Ve Insaatnayi Ticaret AS Receivables Turnover Historical Data

The historical data trend for Temapol Polimer Plastik Ve Insaatnayi 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.

* Premium members only.

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS Receivables Turnover Chart

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS Annual Data
Trend Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 1.69 2.36 3.21 5.82 4.87

Temapol Polimer Plastik Ve Insaatnayi Ticaret 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 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 3.78 0.75 0.73 1.17 2.27

Competitive Comparison of Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's Receivables Turnover

For the Specialty Chemicals subindustry, Temapol Polimer Plastik Ve Insaatnayi 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.


Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's Receivables Turnover falls into.


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Temapol Polimer Plastik Ve Insaatnayi Ticaret AS Receivables Turnover Calculation

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

Temapol Polimer Plastik Ve Insaatnayi Ticaret 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 )
=758.541 / ((129.198 + 182.423) / 2 )
=758.541 / 155.8105
=4.87

Temapol Polimer Plastik Ve Insaatnayi Ticaret 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 )
=390.078 / ((160.833 + 182.423) / 2 )
=390.078 / 171.628
=2.27

* 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.


Temapol Polimer Plastik Ve Insaatnayi Ticaret AS  (IST:TMPOL) 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.


Temapol Polimer Plastik Ve Insaatnayi Ticaret AS Receivables Turnover Related Terms

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Temapol Polimer Plastik Ve Insaatnayi Ticaret AS Business Description

Traded in Other Exchanges
N/A
Address
Mimarsinan Organized Industrial Zone District, Cadde No: 9, Melikgazi, Kayseri, TUR, 31187
Te-mapol Polimer Plastik ve Insaat Sanayi Ticaret AS is engaged in the manufacturing of plastic polymer products. The company offers its products for the Automotive industry, Furniture, Medical Appliances, and Refrigeration industry.

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS Headlines

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