Best Holdings (DHA:BESTHLDNG) Receivables Turnover : 0.70 (As of Dec. 2024)

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What is Best 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. Best Holdings's Revenue for the three months ended in Dec. 2024 was BDT631 Mil. Best Holdings's average Accounts Receivable for the three months ended in Dec. 2024 was BDT904 Mil. Hence, Best Holdings's Receivables Turnover for the three months ended in Dec. 2024 was 0.70.

Best Holdings Receivables Turnover Historical Data

The historical data trend for Best 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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Best Holdings Receivables Turnover Chart

Best Holdings Annual Data

Trend

Jun23

Jun24

Receivables Turnover

3.65

3.93

Best Holdings Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			-	1.10	0.80	0.46	0.70

Competitive Comparison of Best Holdings's Receivables Turnover

For the Lodging subindustry, Best 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.

Best Holdings's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Best Holdings's Receivables Turnover falls into.

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Best Holdings Receivables Turnover Calculation

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

Best Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	3410.818	/ (	(820.723	+	915.871)	/	2 )
=	3410.818	/	868.297
=	3.93

Best Holdings's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	630.913	/ (	(879.655	+	927.47)	/	2 )
=	630.913	/	903.5625
=	0.70

Best Holdings (DHA:BESTHLDNG) 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.

Best Holdings Receivables Turnover Related Terms

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Best Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Best Holdings PLC (DHA:BESTHLDNG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

49, Kazi Benzir Sarani Nikunja-2, Khilkhet, Dhaka, BGD, 1229

Website

https://www.bhlbd.com

Best Holdings PLC, formerly Best Holdings Ltd is mainly engaged in the hospitality sector and also has business concerns in the agricultural sector. Its projects include Le Meridien, Le Meridien, Commercial, The Muslin, A Luxury Collection Resort, Bashundhara Project, Bhaluka Project, Luxury Villa Project, Noakhali Agro Project and LM IT Park.

Best Holdings Headlines

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