Tupras-Turkiye Petrol Rafineleri AS (Tupras-Turkiye Petrol Rafineleri AS) Receivables Turnover : 7.09 (As of Dec. 2023)

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What is Tupras-Turkiye Petrol Rafineleri 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. Tupras-Turkiye Petrol Rafineleri AS's Revenue for the three months ended in Dec. 2023 was $10,460 Mil. Tupras-Turkiye Petrol Rafineleri AS's average Accounts Receivable for the three months ended in Dec. 2023 was $1,475 Mil. Hence, Tupras-Turkiye Petrol Rafineleri AS's Receivables Turnover for the three months ended in Dec. 2023 was 7.09.

Tupras-Turkiye Petrol Rafineleri AS Receivables Turnover Historical Data

The historical data trend for Tupras-Turkiye Petrol Rafineleri 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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Tupras-Turkiye Petrol Rafineleri AS Receivables Turnover Chart

Tupras-Turkiye Petrol Rafineleri AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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16.65

15.52

17.91

33.78

14.39

Tupras-Turkiye Petrol Rafineleri 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															16.92	3.50	4.02	4.81	7.09

Competitive Comparison of Tupras-Turkiye Petrol Rafineleri AS's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Tupras-Turkiye Petrol Rafineleri 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.

Tupras-Turkiye Petrol Rafineleri AS's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tupras-Turkiye Petrol Rafineleri AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tupras-Turkiye Petrol Rafineleri AS's Receivables Turnover falls into.

Tupras-Turkiye Petrol Rafineleri AS Receivables Turnover Calculation

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

Tupras-Turkiye Petrol Rafineleri 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 )
=	23609.786	/ (	(1891.495	+	1390.716)	/	2 )
=	23609.786	/	1641.1055
=	14.39

Tupras-Turkiye Petrol Rafineleri 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 )
=	10460.087	/ (	(1559.175	+	1390.716)	/	2 )
=	10460.087	/	1474.9455
=	7.09

Tupras-Turkiye Petrol Rafineleri AS (OTCPK:TUPRF) 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.

Tupras-Turkiye Petrol Rafineleri AS Receivables Turnover Related Terms

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Tupras-Turkiye Petrol Rafineleri AS (Tupras-Turkiye Petrol Rafineleri AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tupras-Turkiye Petrol Rafineleri AS (OTCPK:TUPRF) » Definitions » Receivables Turnover

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TUPRS:Turkey

Address

Guney Mahallesi, Petrol Caddesi No:25, Korfez, Kocaeli, TUR, 41790

Website

http://www.tupras.com.tr

Tupras-Turkiye Petrol Rafineleri AS provides and refines crude oil through Turkish and international refineries. It also operates petrochemical factories and facilities. The company's complete line of products includes liquefied petroleum gas(LPG), fuel oil, waxes and extracts, bitumen, and other products. In addition to refining and producing products, the firm engages in the purchase, sell, import, export, store, marketing, and distribution of a variety of petroleum products. Distribution is completed through a network of foreign and domestic wholesalers and retailers. The majority of sales from refineries are domestic.

Tupras-Turkiye Petrol Rafineleri AS (Tupras-Turkiye Petrol Rafineleri AS) Headlines

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