Kayseri Seker Fabrikasi AS (IST:KAYSE) Receivables Turnover : 10.93 (As of Oct. 2023)

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What is Kayseri Seker Fabrikasi 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. Kayseri Seker Fabrikasi AS's Revenue for the six months ended in Oct. 2023 was ₺4,602 Mil. Kayseri Seker Fabrikasi AS's average Accounts Receivable for the six months ended in Oct. 2023 was ₺421 Mil. Hence, Kayseri Seker Fabrikasi AS's Receivables Turnover for the six months ended in Oct. 2023 was 10.93.

Kayseri Seker Fabrikasi AS Receivables Turnover Historical Data

The historical data trend for Kayseri Seker Fabrikasi 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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Kayseri Seker Fabrikasi AS Receivables Turnover Chart

Kayseri Seker Fabrikasi AS Annual Data

Trend

Apr20

Apr21

Apr22

Receivables Turnover

2.82

4.07

8.90

Kayseri Seker Fabrikasi AS Semi-Annual Data
	Apr20	Apr21	Oct21	Apr22	Oct22	Oct23
Receivables Turnover	Get a 7-Day Free Trial			-	1.15	9.34	4.58	10.93

Competitive Comparison of Kayseri Seker Fabrikasi AS's Receivables Turnover

For the Confectioners subindustry, Kayseri Seker Fabrikasi 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.

Kayseri Seker Fabrikasi AS's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Kayseri Seker Fabrikasi AS's Receivables Turnover falls into.

Kayseri Seker Fabrikasi AS Receivables Turnover Calculation

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

Kayseri Seker Fabrikasi AS's Receivables Turnover for the fiscal year that ended in Apr. 2022 is calculated as

	Receivables Turnover (A: Apr. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2022 )	/ (	(Accounts Receivable (A: Apr. 2021 )	+	Accounts Receivable (A: Apr. 2022 ))	/	count )
=	5138.189	/ (	(690.152	+	465.074)	/	2 )
=	5138.189	/	577.613
=	8.90

Kayseri Seker Fabrikasi AS's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Oct. 2022 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	4602.227	/ (	(101.903	+	740.49)	/	2 )
=	4602.227	/	421.1965
=	10.93

Kayseri Seker Fabrikasi AS (IST:KAYSE) 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.

Kayseri Seker Fabrikasi AS Receivables Turnover Related Terms

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Kayseri Seker Fabrikasi AS (IST:KAYSE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kayseri Seker Fabrikasi AS (IST:KAYSE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Seker Mahallesi Osman Kavuncu Bulvari No: 314, Kocasinan, Kayseri, TUR

Website

https://www.kayseriseker.com.tr

Kayseri Seker Fabrikasi AS engages in the production and trade of crystal, granulated and cube sugar, wet pulp, dry pulp, molasses, dried pulp with molasses, limestone, electricity production, and trade of seeds and fertilizers which are by-products of the sugar industry.

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