What is RCI Hospitality Holdings 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. RCI Hospitality Holdings's Revenue for the
three
months ended in Dec. 2023 was $73.9 Mil. RCI Hospitality Holdings's average Accounts Receivable for the
three
months ended in Dec. 2023 was $6.1 Mil.
Hence, RCI Hospitality Holdings's Receivables Turnover for the
three
months ended in Dec. 2023 was 12.19.
RCI Hospitality Holdings Receivables Turnover Historical Data
The historical data trend for RCI Hospitality Holdings'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.
Competitive Comparison of RCI Hospitality Holdings's Receivables Turnover
For the Restaurants subindustry, RCI Hospitality Holdings'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.
RCI Hospitality Holdings's Receivables Turnover Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, RCI Hospitality Holdings's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where RCI Hospitality Holdings's Receivables Turnover falls into.
* 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.
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.
RCI Hospitality Holdings Receivables Turnover Related Terms
Thank you for viewing the detailed overview of RCI Hospitality Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
RCI Hospitality Holdings (RCI Hospitality Holdings) Business Description
RCI Hospitality Holdings Inc through its subsidiaries owns and operates establishments that offer live adult entertainment, restaurant, and or bar operations. It also owns and operates a communication company serving the adult nightclubs industry. The company's operating business segments are Nightclubs, Bombshells, and Others. It operates nightclubs through the following brand's Rick's Cabaret, Vivid Cabaret, Tootsie's Cabaret, Club Onyx, and Jaguars Club. In the Bombshells segment, the company is building a chain of Restaurants and Sports Bars in Dallas, Austin, and Houston, Texas. It derives majority revenue from the Nightclubs segment that engages in the sale of alcoholic beverages, food, and merchandise items; service in the form of cover charge, dance fees, and room rentals.
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