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Taj GVK Hotels & Resorts (BOM:532390) Receivables Turnover : 6.06 (As of Mar. 2024)


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What is Taj GVK Hotels & Resorts 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. Taj GVK Hotels & Resorts's Revenue for the three months ended in Mar. 2024 was ₹1,158 Mil. Taj GVK Hotels & Resorts's average Accounts Receivable for the three months ended in Mar. 2024 was ₹191 Mil. Hence, Taj GVK Hotels & Resorts's Receivables Turnover for the three months ended in Mar. 2024 was 6.06.


Taj GVK Hotels & Resorts Receivables Turnover Historical Data

The historical data trend for Taj GVK Hotels & Resorts'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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Taj GVK Hotels & Resorts Receivables Turnover Chart

Taj GVK Hotels & Resorts Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.07 7.41 23.86 23.49 19.35

Taj GVK Hotels & Resorts Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.49 3.97 3.12 3.87 6.06

Competitive Comparison of Taj GVK Hotels & Resorts's Receivables Turnover

For the Lodging subindustry, Taj GVK Hotels & Resorts'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.


Taj GVK Hotels & Resorts's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Taj GVK Hotels & Resorts's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Taj GVK Hotels & Resorts's Receivables Turnover falls into.



Taj GVK Hotels & Resorts Receivables Turnover Calculation

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

Taj GVK Hotels & Resorts's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=4079.9 / ((230.702 + 191) / 2 )
=4079.9 / 210.851
=19.35

Taj GVK Hotels & Resorts's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=1158.4 / ((0 + 191) / 1 )
=1158.4 / 191
=6.06

* 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.


Taj GVK Hotels & Resorts  (BOM:532390) 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.


Taj GVK Hotels & Resorts Receivables Turnover Related Terms

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Taj GVK Hotels & Resorts (BOM:532390) Business Description

Traded in Other Exchanges
Address
Taj Krishna, Road No. 1, Banjara Hills, Hyderabad, TG, IND, 500 034
Taj GVK Hotels & Resorts Ltd is an Indian-based company, which is engaged in the business of owning, operating and managing hotels, palaces, and resorts with the brand name TAJ. The business activities of the group include operations of rooms, restaurants, bars, and banquets. It operates a range of hotels under the Taj brand which are Taj Krishna, Taj Banjara, Taj Deccan, Vivanta by Taj, Taj Chandigarh, Taj Club House, and Taj Santacruz.

Taj GVK Hotels & Resorts (BOM:532390) Headlines

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