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Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Receivables Turnover : 16.92 (As of Oct. 2023)


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What is Fermiere du Casino Municipal de Cannes 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. Fermiere du Casino Municipal de Cannes's Revenue for the six months ended in Oct. 2023 was €105.5 Mil. Fermiere du Casino Municipal de Cannes's average Accounts Receivable for the six months ended in Oct. 2023 was €6.2 Mil. Hence, Fermiere du Casino Municipal de Cannes's Receivables Turnover for the six months ended in Oct. 2023 was 16.92.

Fermiere du Casino Municipal de Cannes Receivables Turnover Historical Data

The historical data trend for Fermiere du Casino Municipal de Cannes'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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Fermiere du Casino Municipal de Cannes Receivables Turnover Chart

Fermiere du Casino Municipal de Cannes Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.50 6.87 13.82 25.81 21.31

Fermiere du Casino Municipal de Cannes Semi-Annual Data
Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 14.28 8.10 20.46 7.07 16.92

Competitive Comparison of Fermiere du Casino Municipal de Cannes's Receivables Turnover

For the Resorts & Casinos subindustry, Fermiere du Casino Municipal de Cannes'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.

Fermiere du Casino Municipal de Cannes's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Fermiere du Casino Municipal de Cannes's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fermiere du Casino Municipal de Cannes's Receivables Turnover falls into.


Fermiere du Casino Municipal de Cannes Receivables Turnover Calculation

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

Fermiere du Casino Municipal de Cannes's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

Receivables Turnover (A: Oct. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Oct. 2023 ) / ((Accounts Receivable (A: Oct. 2022 ) + Accounts Receivable (A: Oct. 2023 )) / count )
=147.174 / ((6.562 + 7.251) / 2 )
=147.174 / 6.9065
=21.31

Fermiere du Casino Municipal de Cannes's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

Receivables Turnover (Q: Oct. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Oct. 2023 ) / ((Accounts Receivable (Q: Apr. 2023 ) + Accounts Receivable (Q: Oct. 2023 )) / count )
=105.518 / ((5.219 + 7.251) / 2 )
=105.518 / 6.235
=16.92

* 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.

Fermiere du Casino Municipal de Cannes  (XPAR:FCMC) 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.

Fermiere du Casino Municipal de Cannes Receivables Turnover Related Terms

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Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fermiere du Casino Municipal de Cannes (XPAR:FCMC) » Definitions » Receivables Turnover
Comparable Companies
XPAR:PARP XPAR:SFCA LVS HKSE:00027 HKSE:01928 MGM WYNN SGX:G13 MTN CZR HKSE:02282 HKSE:01128 BYD HGV XKLS:3182 MLCO XKLS:4715 VAC RRR XPAR:BAIN
Traded in Other Exchanges
N/A
Address
Le Casino Croisette, 1 espace Lucien Barriere, Cannes, FRA, 06400
Website
http://www.lucienbarriere.com
Fermiere du Casino Municipal de Cannes operates a chain of casino hotels in France. The company offers accommodation, casinos, restaurants, golf courses, spas, and event management.

Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Headlines

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