Kerevitas Gidanayi Ve Ticaret AS (IST:KERVT) Receivables Turnover : 3.06 (As of Dec. 2023)

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What is Kerevitas Gidanayi Ve Ticaret 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. Kerevitas Gidanayi Ve Ticaret AS's Revenue for the three months ended in Dec. 2023 was ₺8,252 Mil. Kerevitas Gidanayi Ve Ticaret AS's average Accounts Receivable for the three months ended in Dec. 2023 was ₺2,695 Mil. Hence, Kerevitas Gidanayi Ve Ticaret AS's Receivables Turnover for the three months ended in Dec. 2023 was 3.06.

Kerevitas Gidanayi Ve Ticaret AS Receivables Turnover Historical Data

The historical data trend for Kerevitas Gidanayi Ve Ticaret 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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Kerevitas Gidanayi Ve Ticaret AS Receivables Turnover Chart

Kerevitas Gidanayi Ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.21

5.75

2.78

8.15

6.61

Kerevitas Gidanayi Ve Ticaret 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															6.35	1.29	1.51	1.78	3.06

Competitive Comparison of Kerevitas Gidanayi Ve Ticaret AS's Receivables Turnover

For the Packaged Foods subindustry, Kerevitas Gidanayi Ve Ticaret 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.

Kerevitas Gidanayi Ve Ticaret AS's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kerevitas Gidanayi Ve Ticaret AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kerevitas Gidanayi Ve Ticaret AS's Receivables Turnover falls into.

Kerevitas Gidanayi Ve Ticaret AS Receivables Turnover Calculation

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

Kerevitas Gidanayi Ve Ticaret 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 )
=	18907.555	/ (	(3060.393	+	2661.663)	/	2 )
=	18907.555	/	2861.028
=	6.61

Kerevitas Gidanayi Ve Ticaret 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 )
=	8252.16	/ (	(2728.687	+	2661.663)	/	2 )
=	8252.16	/	2695.175
=	3.06

Kerevitas Gidanayi Ve Ticaret AS (IST:KERVT) 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.

Kerevitas Gidanayi Ve Ticaret AS Receivables Turnover Related Terms

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Kerevitas Gidanayi Ve Ticaret AS (IST:KERVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kerevitas Gida Sanayi Ve Ticaret AS (IST:KERVT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kisikli Mahallesi Yenisen Sokak Yildiz Holding, B Blok Apt. No: 8 B/1, Uskudar, Istanbul, TUR

Website

http://www.kerevitas.com.tr

Kerevitas Gida Sanayi Ve Ticaret AS is a Turkey-based company involved in retail and export processed and packaged food products. It offers various products comprising Cheese Puff Pastry, Cheese and Honey Pastry Pie, Feta Cheese Rolls, Millefeuille, Mini Pide With Cheese and Mini Rolls with Cheese among others. The company's operating segment include Frozen and Canned and Edible Oil. It generates maximum revenue from the Edible Oil segment. The company exports its product to Africa; Asia; Europe; South America; North America and Oceania.

Kerevitas Gidanayi Ve Ticaret AS (IST:KERVT) Headlines

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