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Ihlas Holding AS (IST:IHLAS) Accounts Receivable : ₺2,060 Mil (As of Sep. 2023)


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What is Ihlas Holding AS Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ihlas Holding AS's accounts receivables for the quarter that ended in Sep. 2023 was ₺2,060 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ihlas Holding AS's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 150.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ihlas Holding AS's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₺-3.28.


Ihlas Holding AS Accounts Receivable Historical Data

The historical data trend for Ihlas Holding 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.

* Premium members only.

Ihlas Holding AS Accounts Receivable Chart

Ihlas Holding AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 764.96 919.53 1,026.86 1,344.60 1,727.53

Ihlas Holding AS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Accounts Receivable 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 1,717.58 1,727.53 1,884.47 2,058.94 2,060.31

Ihlas Holding AS Accounts Receivable Calculation

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


Ihlas Holding 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.

Ihlas Holding 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
=2060.309/1250.136*91
=150.39

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

Ihlas Holding 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)
=(546.259+0.75 * 2060.309+0.5 * 4135.032-6113.788
-0-2522.278)/1365.09
=-3.28

* 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.


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.


Ihlas Holding AS Accounts Receivable Related Terms

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Ihlas Holding AS (IST:IHLAS) Business Description

Traded in Other Exchanges
N/A
Address
Merkez Mahallesi 29 Ekim Caddesi, Ihlas Plaza No: 11 B/21, Yenibosna, Bahcelievler, Istanbul, TUR, 34197
Ihlas Holding AS is a Turkey-based holding company. The company's operating segment includes Construction; Marketing; Media and Others. It generates maximum revenue from the Marketing segment. The construction segment includes real estate trading, construction projects, installation and contracting work, tourism and health investments, marketing, operating, and other construction operations. The Media Segment involves publishing, selling, distributing and marketing of newspapers, photography, TV and radio broadcasting abroad and all kinds of advertising in Turkey. The Marketing segment includes home appliances manufacturing, all kinds of motorized and non-motorized vehicles production, import, export, consumer durable trade, and its marketing. Geographically, it operates only in Turkey.

Ihlas Holding AS (IST:IHLAS) Headlines

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