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Agrotech Yuksek Teknoloji ve Yatirim AS (IST:AGROT) Receivables Turnover : 1.78 (As of Mar. 2024)


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What is Agrotech Yuksek Teknoloji ve Yatirim 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. Agrotech Yuksek Teknoloji ve Yatirim AS's Revenue for the three months ended in Mar. 2024 was ₺1,121 Mil. Agrotech Yuksek Teknoloji ve Yatirim AS's average Accounts Receivable for the three months ended in Mar. 2024 was ₺628 Mil. Hence, Agrotech Yuksek Teknoloji ve Yatirim AS's Receivables Turnover for the three months ended in Mar. 2024 was 1.78.


Agrotech Yuksek Teknoloji ve Yatirim AS Receivables Turnover Historical Data

The historical data trend for Agrotech Yuksek Teknoloji ve Yatirim 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.

* Premium members only.

Agrotech Yuksek Teknoloji ve Yatirim AS Receivables Turnover Chart

Agrotech Yuksek Teknoloji ve Yatirim AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
4.41 20.78 5.61 2.16

Agrotech Yuksek Teknoloji ve Yatirim AS Quarterly Data
Dec20 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.28 1.53 1.23 1.72 1.78

Competitive Comparison of Agrotech Yuksek Teknoloji ve Yatirim AS's Receivables Turnover

For the Conglomerates subindustry, Agrotech Yuksek Teknoloji ve Yatirim 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.


Agrotech Yuksek Teknoloji ve Yatirim AS's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Agrotech Yuksek Teknoloji ve Yatirim AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Agrotech Yuksek Teknoloji ve Yatirim AS's Receivables Turnover falls into.



Agrotech Yuksek Teknoloji ve Yatirim AS Receivables Turnover Calculation

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

Agrotech Yuksek Teknoloji ve Yatirim 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 )
=582.584 / ((301.128 + 238.902) / 2 )
=582.584 / 270.015
=2.16

Agrotech Yuksek Teknoloji ve Yatirim AS's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=1120.815 / ((238.902 + 1017.366) / 2 )
=1120.815 / 628.134
=1.78

* 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.


Agrotech Yuksek Teknoloji ve Yatirim AS  (IST:AGROT) 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.


Agrotech Yuksek Teknoloji ve Yatirim AS Receivables Turnover Related Terms

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Agrotech Yuksek Teknoloji ve Yatirim AS (IST:AGROT) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Küçükbakkalköy, Mah. Atilla ?lhan Cad., Efe Sokak No: 2/1, Ata?ehir, Istanbul, TUR, 34750
Agrotech Yuksek Teknoloji ve Yatirim AS is a Agricultural company whose business activities are in the field of trading agricultural products in the food sector and in the field of software in the definition of technology factors sector.

Agrotech Yuksek Teknoloji ve Yatirim AS (IST:AGROT) Headlines

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