Eregli Demir Ve Celik Fabrikalari TAS (Eregli Demir Ve Celik Fabrikalari TAS) Receivables Turnover : 2.36 (As of Dec. 2023)

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What is Eregli Demir Ve Celik Fabrikalari TAS 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. Eregli Demir Ve Celik Fabrikalari TAS's Revenue for the three months ended in Dec. 2023 was $1,613 Mil. Eregli Demir Ve Celik Fabrikalari TAS's average Accounts Receivable for the three months ended in Dec. 2023 was $684 Mil. Hence, Eregli Demir Ve Celik Fabrikalari TAS's Receivables Turnover for the three months ended in Dec. 2023 was 2.36.

Eregli Demir Ve Celik Fabrikalari TAS Receivables Turnover Historical Data

The historical data trend for Eregli Demir Ve Celik Fabrikalari TAS'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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Eregli Demir Ve Celik Fabrikalari TAS Receivables Turnover Chart

Eregli Demir Ve Celik Fabrikalari TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.71

7.78

7.52

8.16

6.62

Eregli Demir Ve Celik Fabrikalari TAS 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															1.63	1.85	2.39	2.08	2.36

Competitive Comparison of Eregli Demir Ve Celik Fabrikalari TAS's Receivables Turnover

For the Steel subindustry, Eregli Demir Ve Celik Fabrikalari TAS'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.

Eregli Demir Ve Celik Fabrikalari TAS's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Eregli Demir Ve Celik Fabrikalari TAS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Eregli Demir Ve Celik Fabrikalari TAS's Receivables Turnover falls into.

Eregli Demir Ve Celik Fabrikalari TAS Receivables Turnover Calculation

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

Eregli Demir Ve Celik Fabrikalari TAS'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 )
=	5086.289	/ (	(836.247	+	699.947)	/	2 )
=	5086.289	/	768.097
=	6.62

Eregli Demir Ve Celik Fabrikalari TAS'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 )
=	1612.534	/ (	(667.246	+	699.947)	/	2 )
=	1612.534	/	683.5965
=	2.36

Eregli Demir Ve Celik Fabrikalari TAS (OTCPK:ERELY) 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.

Eregli Demir Ve Celik Fabrikalari TAS Receivables Turnover Related Terms

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Eregli Demir Ve Celik Fabrikalari TAS (Eregli Demir Ve Celik Fabrikalari TAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Eregli Demir Ve Celik Fabrikalari TAS (OTCPK:ERELY) » Definitions » Receivables Turnover

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EREGL:Turkey EDVA:Germany

Address

Barbaros Mahallesi Ardic Sok No: 6, Atasehir, Istanbul, TUR, 34746

Website

https://www.erdemir.com.tr

Eregli Demir Ve Celik Fabrikalari TAS is a Turkey-based company engaged in production of flat steel, long steel and other steel products. The company also provides engineering and project management services, as well as port services. As well, the company owns an iron ore mining arm. The company's steel products include hot-rolled product, cold-rolled product, galvanized products, metal packaging steel, billet, wire-rod, etc. These products are used in the automotive sector, manufacturing industry, projected works, consumer products, packaging industries and others. Most of the company's revenue comes from the Turkish domestic market.

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