Ulker Biskuvinayi AS (Ulker Biskuvinayi AS) Receivables Turnover : 2.00 (As of Dec. 2023)

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What is Ulker Biskuvinayi 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. Ulker Biskuvinayi AS's Revenue for the three months ended in Dec. 2023 was $819 Mil. Ulker Biskuvinayi AS's average Accounts Receivable for the three months ended in Dec. 2023 was $409 Mil. Hence, Ulker Biskuvinayi AS's Receivables Turnover for the three months ended in Dec. 2023 was 2.00.

Ulker Biskuvinayi AS Receivables Turnover Historical Data

The historical data trend for Ulker Biskuvinayi 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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Ulker Biskuvinayi AS Receivables Turnover Chart

Ulker Biskuvinayi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.45

3.08

2.48

5.58

3.60

Ulker Biskuvinayi 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															3.39	0.92	0.87	1.12	2.00

Competitive Comparison of Ulker Biskuvinayi AS's Receivables Turnover

For the Confectioners subindustry, Ulker Biskuvinayi 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.

Ulker Biskuvinayi AS's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Ulker Biskuvinayi AS's Receivables Turnover falls into.

Ulker Biskuvinayi AS Receivables Turnover Calculation

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

Ulker Biskuvinayi 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 )
=	1920.211	/ (	(652.504	+	414.979)	/	2 )
=	1920.211	/	533.7415
=	3.60

Ulker Biskuvinayi 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 )
=	818.62	/ (	(403.464	+	414.979)	/	2 )
=	818.62	/	409.2215
=	2.00

Ulker Biskuvinayi AS (OTCPK:UELKY) 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.

Ulker Biskuvinayi AS Receivables Turnover Related Terms

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Ulker Biskuvinayi AS (Ulker Biskuvinayi AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ulker Biskuvi Sanayi AS (OTCPK:UELKY) » Definitions » Receivables Turnover

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Traded in Other Exchanges

ULKER:Turkey

Address

Davutpa?a Cad No 10, Topkap?, Istanbul, TUR, 366

Website

http://www.ulkerbiskuvi.com.tr

Ulker Biskuvi Sanayi AS manufactures biscuits, crackers, chocolate, and cake in its half a dozen production facilities in Turkey. Its major brands include Ulker, Alpella, Halk, Kat Tat, and Karsa. The company also has a financial stake in the Godiva brand. Biscuit sales and chocolate sales each account for more than 40% of the company's total revenue. Substantially all of the remaining revenue is from cake sales. Nearly 90% of the company's total revenue comes from sales in Turkey. The company is a subsidiary of Yildiz Holding.

Ulker Biskuvinayi AS (Ulker Biskuvinayi AS) Headlines

From GuruFocus

Ulker Biskuvi Sanayi AS Stock Shows Every Sign Of Being Modestly Undervalued

By GF Value GF Value • 04-08-2021