Hostmore (LSE:MORE) Receivables Turnover : 45.56 (As of Dec. 2023)

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What is Hostmore 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. Hostmore's Revenue for the six months ended in Dec. 2023 was £97.0 Mil. Hostmore's average Accounts Receivable for the six months ended in Dec. 2023 was £2.1 Mil. Hence, Hostmore's Receivables Turnover for the six months ended in Dec. 2023 was 45.56.

Hostmore Receivables Turnover Historical Data

The historical data trend for Hostmore'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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Hostmore Receivables Turnover Chart

Hostmore Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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288.37

190.40

72.92

66.23

144.77

Hostmore Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					46.13	17.35	20.44	32.82	45.56

Competitive Comparison of Hostmore's Receivables Turnover

For the Restaurants subindustry, Hostmore'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.

Hostmore's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Hostmore's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hostmore's Receivables Turnover falls into.

Hostmore Receivables Turnover Calculation

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

Hostmore'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 )
=	190.662	/ (	(2.04	+	0.594)	/	2 )
=	190.662	/	1.317
=	144.77

Hostmore'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	97.034	/ (	(3.666	+	0.594)	/	2 )
=	97.034	/	2.13
=	45.56

Hostmore (LSE:MORE) 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.

Hostmore Receivables Turnover Related Terms

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Hostmore (LSE:MORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Hostmore PLC (LSE:MORE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Yeoman Way, Highdown House, Worthing, West Sussex, GBR, BN99 3HH

Website

https://www.hostmoregroup.com

Hostmore PLC is engaged in the hospitality business with its current operations focused on the American-themed casual dining brand, Fridays, and the cocktail-led bar and restaurant brand, 63rd+1st. Fridays brand offers authentic American food, an innovative cocktail list, and a high level of personal service. 63rd+1st brand offers a wide range of premium cocktails, spirits, beers, and wine.

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