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Adra Gayrimenkul Yatirim Ortakligi AS (IST:ADGYO) Receivables Turnover : 7.73 (As of Sep. 2023)


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What is Adra Gayrimenkul Yatirim Ortakligi 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. Adra Gayrimenkul Yatirim Ortakligi AS's Revenue for the three months ended in Sep. 2023 was ₺146.3 Mil. Adra Gayrimenkul Yatirim Ortakligi AS's average Accounts Receivable for the three months ended in Sep. 2023 was ₺18.9 Mil. Hence, Adra Gayrimenkul Yatirim Ortakligi AS's Receivables Turnover for the three months ended in Sep. 2023 was 7.73.

Adra Gayrimenkul Yatirim Ortakligi AS Receivables Turnover Historical Data

The historical data trend for Adra Gayrimenkul Yatirim Ortakligi 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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Adra Gayrimenkul Yatirim Ortakligi AS Receivables Turnover Chart

Adra Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec20 Dec21 Dec22
Receivables Turnover
- 2.67 96.45

Adra Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Dec21 Jun22 Sep22 Dec22 Jun23 Sep23
Receivables Turnover Get a 7-Day Free Trial - - 58.35 - 7.73

Competitive Comparison of Adra Gayrimenkul Yatirim Ortakligi AS's Receivables Turnover

For the REIT - Residential subindustry, Adra Gayrimenkul Yatirim Ortakligi 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.

Adra Gayrimenkul Yatirim Ortakligi AS's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Adra Gayrimenkul Yatirim Ortakligi AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Adra Gayrimenkul Yatirim Ortakligi AS's Receivables Turnover falls into.


Adra Gayrimenkul Yatirim Ortakligi AS Receivables Turnover Calculation

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

Adra Gayrimenkul Yatirim Ortakligi 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 )
=641.464 / ((3.971 + 9.33) / 2 )
=641.464 / 6.6505
=96.45

Adra Gayrimenkul Yatirim Ortakligi 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 )
=146.316 / ((9.362 + 28.517) / 2 )
=146.316 / 18.9395
=7.73

* 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.

Adra Gayrimenkul Yatirim Ortakligi AS  (IST:ADGYO) 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.

Adra Gayrimenkul Yatirim Ortakligi AS Receivables Turnover Related Terms

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Adra Gayrimenkul Yatirim Ortakligi AS (IST:ADGYO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Adra Gayrimenkul Yatirim Ortakligi AS (IST:ADGYO) » Definitions » Receivables Turnover
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Traded in Other Exchanges
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Address
Caybasi Mahallesi Aydin, Cad No:51A Torbali, Izmir, TUR
Website
https://www.adragyo.com.tr
Adra Gayrimenkul Yatirim Ortakligi AS is a Turkey company based providing real estate services. The company has undertaken projects which are Adra Yali, Adra Yasam, Adra Edremit..

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