Turk Hava Yollari AO (IST:THYAO) Receivables Turnover : 2.85 (As of Dec. 2023)

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What is Turk Hava Yollari AO 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. Turk Hava Yollari AO's Revenue for the three months ended in Dec. 2023 was ₺69,758 Mil. Turk Hava Yollari AO's average Accounts Receivable for the three months ended in Dec. 2023 was ₺24,504 Mil. Hence, Turk Hava Yollari AO's Receivables Turnover for the three months ended in Dec. 2023 was 2.85.

Turk Hava Yollari AO Receivables Turnover Historical Data

The historical data trend for Turk Hava Yollari AO'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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Turk Hava Yollari AO Receivables Turnover Chart

Turk Hava Yollari AO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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24.20

12.58

11.43

20.11

23.03

Turk Hava Yollari AO 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															2.93	4.64	6.57	7.34	2.85

Competitive Comparison of Turk Hava Yollari AO's Receivables Turnover

For the Airlines subindustry, Turk Hava Yollari AO'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.

Turk Hava Yollari AO's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Turk Hava Yollari AO's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Turk Hava Yollari AO's Receivables Turnover falls into.

Turk Hava Yollari AO Receivables Turnover Calculation

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

Turk Hava Yollari AO'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 )
=	504398	/ (	(18618	+	25192)	/	2 )
=	504398	/	21905
=	23.03

Turk Hava Yollari AO'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 )
=	69757.595	/ (	(23815.536	+	25192)	/	2 )
=	69757.595	/	24503.768
=	2.85

Turk Hava Yollari AO (IST:THYAO) 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.

Turk Hava Yollari AO Receivables Turnover Related Terms

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Turk Hava Yollari AO (IST:THYAO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Turk Hava Yollari AO (IST:THYAO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TKHVY:USA TU5A:Germany

Address

Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149

Website

https://www.turkishairlines.com

Turk Hava Yollari AO is a Turkish airline operator. It has one of the largest flight networks in the world, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights, and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.

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