National for Tourism Hotels (ADX:NCTH) Receivables Turnover : 6.11 (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is National for Tourism Hotels 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. National for Tourism Hotels's Revenue for the six months ended in Dec. 2023 was د.إ669.2 Mil. National for Tourism Hotels's average Accounts Receivable for the six months ended in Dec. 2023 was د.إ109.4 Mil. Hence, National for Tourism Hotels's Receivables Turnover for the six months ended in Dec. 2023 was 6.11.

National for Tourism Hotels Receivables Turnover Historical Data

The historical data trend for National for Tourism Hotels'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.

National for Tourism Hotels Receivables Turnover Chart

National for Tourism Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

5.42

4.77

5.17

5.30

6.11

National for Tourism Hotels Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	Get a 7-Day Free Trial													5.42	4.77	5.17	5.30	6.11

Competitive Comparison of National for Tourism Hotels's Receivables Turnover

For the Lodging subindustry, National for Tourism Hotels'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.

National for Tourism Hotels's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, National for Tourism Hotels's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where National for Tourism Hotels's Receivables Turnover falls into.

National for Tourism Hotels Receivables Turnover Calculation

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

National for Tourism Hotels'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 )
=	669.204	/ (	(110.469	+	108.416)	/	2 )
=	669.204	/	109.4425
=	6.11

National for Tourism Hotels'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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	669.204	/ (	(110.469	+	108.416)	/	2 )
=	669.204	/	109.4425
=	6.11

National for Tourism Hotels (ADX:NCTH) 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.

National for Tourism Hotels Receivables Turnover Related Terms

Thank you for viewing the detailed overview of National for Tourism Hotels's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

National for Tourism Hotels (ADX:NCTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » National Corp for Tourism Hotels (ADX:NCTH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road, P.O. Box 6942, Abu Dhabi, ARE

Website

https://www.ncth.com

National Corp for Tourism Hotels owns, manages, and invests in hotels and leisure complexes. The company's operating segment include Hotels, Retail Services, Catering Services, and the Holding segment. Catering segment provides catering services on a contract basis. The Hotels segment provides room and food and beverages services to customers. Retail services segment provides beverages sales services to its customers. It generates maximum revenue from the Catering Services segment. Geographically, it operates only in the United Arab Emirates (UAE). It owns four hotels within the UAE: Abu Dhabi InterContinental Hotel, Danat Al Ain Resort.

National for Tourism Hotels (ADX:NCTH) Headlines

No Headlines