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Orcay Ortakoy Caynayi Ve Ticaret AS (IST:ORCAY) Receivables Turnover : 0.91 (As of Sep. 2023)


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What is Orcay Ortakoy Caynayi 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. Orcay Ortakoy Caynayi Ve Ticaret AS's Revenue for the three months ended in Sep. 2023 was ₺175.8 Mil. Orcay Ortakoy Caynayi Ve Ticaret AS's average Accounts Receivable for the three months ended in Sep. 2023 was ₺193.8 Mil. Hence, Orcay Ortakoy Caynayi Ve Ticaret AS's Receivables Turnover for the three months ended in Sep. 2023 was 0.91.


Orcay Ortakoy Caynayi Ve Ticaret AS Receivables Turnover Historical Data

The historical data trend for Orcay Ortakoy Caynayi 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.

* Premium members only.

Orcay Ortakoy Caynayi Ve Ticaret AS Receivables Turnover Chart

Orcay Ortakoy Caynayi Ve Ticaret AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
5.57 5.30 2.90 2.12 2.60

Orcay Ortakoy Caynayi Ve Ticaret AS Quarterly Data
Dec18 Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.13 0.73 0.40 1.12 0.91

Competitive Comparison of Orcay Ortakoy Caynayi Ve Ticaret AS's Receivables Turnover

For the Packaged Foods subindustry, Orcay Ortakoy Caynayi 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.


Orcay Ortakoy Caynayi Ve Ticaret AS's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Orcay Ortakoy Caynayi Ve Ticaret AS's Receivables Turnover falls into.



Orcay Ortakoy Caynayi Ve Ticaret AS Receivables Turnover Calculation

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

Orcay Ortakoy Caynayi Ve Ticaret 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 )
=361.836 / ((127.214 + 150.649) / 2 )
=361.836 / 138.9315
=2.60

Orcay Ortakoy Caynayi Ve Ticaret 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 )
=175.763 / ((179.945 + 207.719) / 2 )
=175.763 / 193.832
=0.91

* 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.


Orcay Ortakoy Caynayi Ve Ticaret AS  (IST:ORCAY) 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.


Orcay Ortakoy Caynayi Ve Ticaret AS Receivables Turnover Related Terms

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Orcay Ortakoy Caynayi Ve Ticaret AS (IST:ORCAY) Business Description

Traded in Other Exchanges
N/A
Address
Ortakoy Koyu No:85, Guneysu, Rize, TUR, 53390
Orcay Ortakoy Cay Sanayi Ve Ticaret AS is a tea production company. Its products include packaged teas and gift teas.

Orcay Ortakoy Caynayi Ve Ticaret AS (IST:ORCAY) Headlines

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