Norwegian Cruise Line Holdings (BSP:N1CL34) Receivables Turnover : 13.88 (As of Sep. 2024)

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What is Norwegian Cruise Line 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. Norwegian Cruise Line Holdings's Revenue for the three months ended in Sep. 2024 was R$15,542 Mil. Norwegian Cruise Line Holdings's average Accounts Receivable for the three months ended in Sep. 2024 was R$1,120 Mil. Hence, Norwegian Cruise Line Holdings's Receivables Turnover for the three months ended in Sep. 2024 was 13.88.

Norwegian Cruise Line Holdings Receivables Turnover Historical Data

The historical data trend for Norwegian Cruise Line 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.

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Norwegian Cruise Line Holdings Receivables Turnover Chart

Norwegian Cruise Line Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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101.46

31.80

1.09

6.11

27.16

Norwegian Cruise Line Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															11.15	7.62	7.85	10.09	13.88

Competitive Comparison of Norwegian Cruise Line Holdings's Receivables Turnover

For the Travel Services subindustry, Norwegian Cruise Line 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.

Norwegian Cruise Line Holdings's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Norwegian Cruise Line Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Norwegian Cruise Line Holdings's Receivables Turnover falls into.

Norwegian Cruise Line Holdings Receivables Turnover Calculation

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

Norwegian Cruise Line Holdings'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 )
=	41892.918	/ (	(1711.427	+	1373.272)	/	2 )
=	41892.918	/	1542.3495
=	27.16

Norwegian Cruise Line Holdings's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	15542.268	/ (	(1127.542	+	1112.217)	/	2 )
=	15542.268	/	1119.8795
=	13.88

Norwegian Cruise Line Holdings (BSP:N1CL34) 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.

Norwegian Cruise Line Holdings Receivables Turnover Related Terms

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Norwegian Cruise Line Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Norwegian Cruise Line Holdings Ltd (BSP:N1CL34) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NCLH:USA NCLH:Mexico 0UC3:UK 1NC:Germany NCLH:Austria

Address

7665 Corporate Center Drive, Miami, FL, USA, 33126

Website

https://www.nclhltdinvestor.com

Norwegian Cruise Line is the world's third-largest publicly traded cruise company by berths (around 66,500). It operates 32 ships across three brands—Norwegian, Oceania, and Regent Seven Seas—offering both freestyle and luxury cruising. The company redeployed its entire fleet as of May 2022. With 13 passenger vessels on order among its brands through 2036, representing 41,000 incremental berths, Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sails to around 700 global destinations.

Norwegian Cruise Line Holdings Headlines

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