Akfen Yenilenebilir Enerji (IST:AKFYE) Receivables Turnover : 4.78 (As of Dec. 2023)

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What is Akfen Yenilenebilir Enerji 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. Akfen Yenilenebilir Enerji's Revenue for the three months ended in Dec. 2023 was ₺1,907 Mil. Akfen Yenilenebilir Enerji's average Accounts Receivable for the three months ended in Dec. 2023 was ₺399 Mil. Hence, Akfen Yenilenebilir Enerji's Receivables Turnover for the three months ended in Dec. 2023 was 4.78.

Akfen Yenilenebilir Enerji Receivables Turnover Historical Data

The historical data trend for Akfen Yenilenebilir Enerji'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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Akfen Yenilenebilir Enerji Receivables Turnover Chart

Akfen Yenilenebilir Enerji Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

9.83

13.46

8.39

10.39

7.21

Akfen Yenilenebilir Enerji Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							5.03	1.10	2.34	2.85	4.78

Competitive Comparison of Akfen Yenilenebilir Enerji's Receivables Turnover

For the Utilities - Renewable subindustry, Akfen Yenilenebilir Enerji'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.

Akfen Yenilenebilir Enerji's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Akfen Yenilenebilir Enerji's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Akfen Yenilenebilir Enerji's Receivables Turnover falls into.

Akfen Yenilenebilir Enerji Receivables Turnover Calculation

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

Akfen Yenilenebilir Enerji'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 )
=	4363.237	/ (	(743.416	+	467.668)	/	2 )
=	4363.237	/	605.542
=	7.21

Akfen Yenilenebilir Enerji'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 )
=	1907.188	/ (	(330.66	+	467.668)	/	2 )
=	1907.188	/	399.164
=	4.78

Akfen Yenilenebilir Enerji (IST:AKFYE) 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.

Akfen Yenilenebilir Enerji Receivables Turnover Related Terms

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Akfen Yenilenebilir Enerji (IST:AKFYE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Akfen Yenilenebilir Enerji (IST:AKFYE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Turan Gunes Bulvar? Galip Erdem Caddesi, No:3, Ilkbahar Mahallesi, Cankaya, Ankara, TUR

Website

https://www.akfenren.com.tr

Akfen Yenilenebilir Enerji operates as a renewable energy company. The company generates and trades electricity through renewable energy power plants such as hydroelectric power plant facilities, Solar Power Plants, and Wind Power Plants.

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