Ihlas Holding AS (IST:IHLAS) Receivables Turnover : 0.61 (As of Sep. 2023)

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What is Ihlas Holding 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. Ihlas Holding AS's Revenue for the three months ended in Sep. 2023 was ₺1,250 Mil. Ihlas Holding AS's average Accounts Receivable for the three months ended in Sep. 2023 was ₺2,060 Mil. Hence, Ihlas Holding AS's Receivables Turnover for the three months ended in Sep. 2023 was 0.61.

Ihlas Holding AS Receivables Turnover Historical Data

The historical data trend for Ihlas Holding 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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Ihlas Holding AS Receivables Turnover Chart

Ihlas Holding AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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1.57

0.85

1.14

2.38

2.21

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
Receivables Turnover	Get a 7-Day Free Trial															0.50	0.60	0.53	0.52	0.61

Competitive Comparison of Ihlas Holding AS's Receivables Turnover

For the Conglomerates subindustry, Ihlas Holding 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.

Ihlas Holding AS's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Ihlas Holding AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ihlas Holding AS's Receivables Turnover falls into.

Ihlas Holding AS Receivables Turnover Calculation

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

Ihlas Holding AS's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	3394.982	/ (	(1344.603	+	1727.525)	/	2 )
=	3394.982	/	1536.064
=	2.21

Ihlas Holding AS's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	1250.136	/ (	(2058.939	+	2060.309)	/	2 )
=	1250.136	/	2059.624
=	0.61

Ihlas Holding AS (IST:IHLAS) 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.

Ihlas Holding AS Receivables Turnover Related Terms

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Ihlas Holding AS (IST:IHLAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Ihlas Holding AS (IST:IHLAS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Merkez Mahallesi 29 Ekim Caddesi, Ihlas Plaza No: 11 B/21, Yenibosna, Bahcelievler, Istanbul, TUR, 34197

Website

https://www.ihlas.com.tr

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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