Crown Resorts (ASX:CWNHB.PFD) Receivables Turnover : 8.14 (As of Dec. 2021)

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What is Crown 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. Crown Resorts's Revenue for the six months ended in Dec. 2021 was A$778.20 Mil. Crown Resorts's average Accounts Receivable for the six months ended in Dec. 2021 was A$95.65 Mil. Hence, Crown Resorts's Receivables Turnover for the six months ended in Dec. 2021 was 8.14.

Crown Resorts Receivables Turnover Historical Data

The historical data trend for Crown 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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Crown Resorts Receivables Turnover Chart

Crown Resorts Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Receivables Turnover

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5.75

5.89

7.44

11.49

8.27

Crown Resorts Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Receivables Turnover	Get a 7-Day Free Trial															10.98	4.82	4.59	8.09	8.14

Competitive Comparison of Crown Resorts's Receivables Turnover

For the Resorts & Casinos subindustry, Crown 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.

Crown Resorts's Receivables Turnover Distribution in the Travel & Leisure Industry

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

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

Crown Resorts Receivables Turnover Calculation

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

Crown Resorts's Receivables Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Receivables Turnover (A: Jun. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2021 )	/ (	(Accounts Receivable (A: Jun. 2020 )	+	Accounts Receivable (A: Jun. 2021 ))	/	count )
=	1522.4	/ (	(193.5	+	174.6)	/	2 )
=	1522.4	/	184.05
=	8.27

Crown Resorts's Receivables Turnover for the quarter that ended in Dec. 2021 is calculated as

	Receivables Turnover (Q: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2021 )	/ (	(Accounts Receivable (Q: Jun. 2021 )	+	Accounts Receivable (Q: Dec. 2021 ))	/	count )
=	778.2	/ (	(174.6	+	16.7)	/	2 )
=	778.2	/	95.65
=	8.14

Crown Resorts (ASX:CWNHB.PFD) 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.

Crown Resorts Receivables Turnover Related Terms

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Crown Resorts (ASX:CWNHB.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Crown Resorts Ltd (ASX:CWNHB.PFD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

8 Whiteman Street, Level 3, Crown Towers, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.crownresorts.com.au

Crown Resorts is Australia's largest hotel-casino company. Its flagship property is Crown Melbourne, an integrated complex with more than 2,600 electronic game machines, or EGMs, 540 tables, and three hotels. Crown also operates Crown Perth, a property with more than 2,500 EGMs, 350 tables, and three hotels. Crown has also obtained a licence to operate Sydney's second casino, Crown Sydney, centred on the VIP and premium gaming market. The company also operates Aspinall's, a boutique, premium-focussed casino in London.

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