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Qua Granite (IST:QUAGR) Receivables Turnover : 0.95 (As of Dec. 2023)


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What is Qua Granite 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. Qua Granite's Revenue for the three months ended in Dec. 2023 was ₺3,394 Mil. Qua Granite's average Accounts Receivable for the three months ended in Dec. 2023 was ₺3,556 Mil. Hence, Qua Granite's Receivables Turnover for the three months ended in Dec. 2023 was 0.95.


Qua Granite Receivables Turnover Historical Data

The historical data trend for Qua Granite'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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Qua Granite Receivables Turnover Chart

Qua Granite Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 4.50 4.97 3.05 5.33 2.51

Qua Granite Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover 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 2.46 0.55 0.61 0.49 0.95

Competitive Comparison of Qua Granite's Receivables Turnover

For the Building Products & Equipment subindustry, Qua Granite'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.


Qua Granite's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Qua Granite's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Qua Granite's Receivables Turnover falls into.



Qua Granite Receivables Turnover Calculation

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

Qua Granite'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 )
=7779.922 / ((2309.939 + 3887.675) / 2 )
=7779.922 / 3098.807
=2.51

Qua Granite's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=3394.411 / ((3224.699 + 3887.675) / 2 )
=3394.411 / 3556.187
=0.95

* 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.


Qua Granite  (IST:QUAGR) 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.


Qua Granite Receivables Turnover Related Terms

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Qua Granite (IST:QUAGR) Business Description

Traded in Other Exchanges
N/A
Address
Soke Organize Sanayi Bölgesi Mah, 4. Sokak No. 1 Söke, Aydin, TUR
Qua Granite is involved in the activity of production and sale of ceramics tiles, floor tiles, granite and other faience materials.

Qua Granite (IST:QUAGR) Headlines

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