Cates Elektrik Uretim AS (IST:CATES) Accounts Receivable : ₺1,101 Mil (As of Sep. 2023)

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What is Cates Elektrik Uretim AS Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cates Elektrik Uretim AS's accounts receivables for the quarter that ended in Sep. 2023 was ₺1,101 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cates Elektrik Uretim AS's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 34.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cates Elektrik Uretim AS's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₺-13.33.

Cates Elektrik Uretim AS Accounts Receivable Historical Data

The historical data trend for Cates Elektrik Uretim AS's Accounts Receivable 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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Cates Elektrik Uretim AS Accounts Receivable Chart

Cates Elektrik Uretim AS Annual Data

Trend

Dec20

Dec21

Dec22

Accounts Receivable

58.64

75.48

551.36

Cates Elektrik Uretim AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			-	-	551.36	1,137.05	1,101.11

Cates Elektrik Uretim AS Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Cates Elektrik Uretim AS Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Cates Elektrik Uretim AS's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1101.111	/	2926.765	*	91
=	34.33

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Cates Elektrik Uretim AS's accounts receivable are only considered to be worth 75% of book value:

Cates Elektrik Uretim AS's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(526.531	+	0.75 * 1101.111	+	0.5 * 212.255	-	3660.572
-	0	-	0)	/	165.2
=	-13.33

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Cates Elektrik Uretim AS Accounts Receivable Related Terms

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Cates Elektrik Uretim AS (IST:CATES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cates Elektrik Uretim AS (IST:CATES) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sahinler Mahallesi, Sahinler Cluster Houses, Yatagan Thermal Power Plant Site No: 259/1, Mugla, TUR

Website

https://www.cates.com.tr

Cates Elektrik Uretim AS is a company whose main activity is to produce electrical energy and sell the produced electrical energy. It also operates the coal-based Power Plant located in the Catalagzi town of Zonguldak.

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