Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) Receivables Turnover : 2.13 (As of Dec. 2023)

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What is Turkiye Sise ve Cam Fabrikalari 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. Turkiye Sise ve Cam Fabrikalari AS's Revenue for the three months ended in Dec. 2023 was ₺57,154 Mil. Turkiye Sise ve Cam Fabrikalari AS's average Accounts Receivable for the three months ended in Dec. 2023 was ₺26,814 Mil. Hence, Turkiye Sise ve Cam Fabrikalari AS's Receivables Turnover for the three months ended in Dec. 2023 was 2.13.

Turkiye Sise ve Cam Fabrikalari AS Receivables Turnover Historical Data

The historical data trend for Turkiye Sise ve Cam Fabrikalari 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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Turkiye Sise ve Cam Fabrikalari AS Receivables Turnover Chart

Turkiye Sise ve Cam Fabrikalari AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.45

5.46

4.74

8.15

5.05

Turkiye Sise ve Cam Fabrikalari AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.01	1.06	1.30	1.40	2.13

Competitive Comparison of Turkiye Sise ve Cam Fabrikalari AS's Receivables Turnover

For the Specialty Chemicals subindustry, Turkiye Sise ve Cam Fabrikalari 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.

Turkiye Sise ve Cam Fabrikalari AS's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Turkiye Sise ve Cam Fabrikalari AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Turkiye Sise ve Cam Fabrikalari AS's Receivables Turnover falls into.

Turkiye Sise ve Cam Fabrikalari AS Receivables Turnover Calculation

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

Turkiye Sise ve Cam Fabrikalari 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 )
=	151994.022	/ (	(32691.659	+	27470.442)	/	2 )
=	151994.022	/	30081.0505
=	5.05

Turkiye Sise ve Cam Fabrikalari AS'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 )
=	57153.673	/ (	(26157.402	+	27470.442)	/	2 )
=	57153.673	/	26813.922
=	2.13

Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) 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.

Turkiye Sise ve Cam Fabrikalari AS Receivables Turnover Related Terms

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Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Icmeler Mahallesi, D-100 Karayolu Caddesi, No: 44/A, Tuzla, Istanbul, TUR, 34947

Website

http://www.sisecam.com.tr

Turkiye Sise ve Cam Fabrikalari AS is a holding company that, through its subsidiaries, manufactures and sells glass products, chemicals, and glass packaging. The firm's five segments are based on product type. The flat glass segment, which generates more revenue than any other segment, sells glass panes used in windows and automobile windshields. The glassware segment sells glass beverage bottles and crystal products. The other three segments are glass packaging, chemicals, and other, which consists primarily of services including insurance and the export and import of goods. The majority of revenue comes from Turkey.

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