Constantinou Bros Hotels (CYS:CBH) Receivables Turnover : 6.35 (As of Dec. 2023)

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What is Constantinou Bros 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. Constantinou Bros Hotels's Revenue for the six months ended in Dec. 2023 was €36.19 Mil. Constantinou Bros Hotels's average Accounts Receivable for the six months ended in Dec. 2023 was €5.70 Mil. Hence, Constantinou Bros Hotels's Receivables Turnover for the six months ended in Dec. 2023 was 6.35.

Constantinou Bros Hotels Receivables Turnover Historical Data

The historical data trend for Constantinou Bros 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.

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Constantinou Bros Hotels Receivables Turnover Chart

Constantinou Bros Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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13.90

1.91

14.10

30.50

35.09

Constantinou Bros Hotels Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															14.25	3.45	6.32	3.59	6.35

Competitive Comparison of Constantinou Bros Hotels's Receivables Turnover

For the Lodging subindustry, Constantinou Bros 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.

Constantinou Bros Hotels's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Constantinou Bros Hotels's Receivables Turnover falls into.

Constantinou Bros Hotels Receivables Turnover Calculation

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

Constantinou Bros 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 )
=	57.514	/ (	(1.877	+	1.401)	/	2 )
=	57.514	/	1.639
=	35.09

Constantinou Bros 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	36.19	/ (	(9.997	+	1.401)	/	2 )
=	36.19	/	5.699
=	6.35

Constantinou Bros Hotels (CYS:CBH) 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.

Constantinou Bros Hotels Receivables Turnover Related Terms

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Constantinou Bros Hotels (CYS:CBH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Constantinou Bros Hotels Ltd (CYS:CBH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

77, Poseidonos Street, P.O.Box 60182, Kato Pafos, CYP, 8101

Website

http://www.cbh-cyprus.com

Constantinou Bros Hotels Ltd is a Cyprus-based company engaged in the hotel industry. It owns and manages the following hotels: Athena Beach Hotel, Athena Royal Beach Hotel, Pioneer Beach Hotel, and Asimina Suites Hotel. It offers a range of holiday services, organization of weddings and events, as well as an equipped conference center.