Genting Bhd (Genting Bhd) Receivables Turnover : 2.21 (As of Dec. 2023)

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What is Genting Bhd 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. Genting Bhd's Revenue for the three months ended in Dec. 2023 was $1,560 Mil. Genting Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was $705 Mil. Hence, Genting Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 2.21.

Genting Bhd Receivables Turnover Historical Data

The historical data trend for Genting Bhd'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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Genting Bhd Receivables Turnover Chart

Genting Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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13.40

7.86

9.83

14.85

13.47

Genting Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.03	2.49	2.00	1.97	2.21

Competitive Comparison of Genting Bhd's Receivables Turnover

For the Resorts & Casinos subindustry, Genting Bhd'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.

Genting Bhd's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Genting Bhd's Receivables Turnover falls into.

Genting Bhd Receivables Turnover Calculation

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

Genting Bhd'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 )
=	5821.941	/ (	(332.6	+	532.074)	/	2 )
=	5821.941	/	432.337
=	13.47

Genting Bhd'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1560.19	/ (	(877.131	+	532.074)	/	2 )
=	1560.19	/	704.6025
=	2.21

Genting Bhd (OTCPK:GEBHY) 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.

Genting Bhd Receivables Turnover Related Terms

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Genting Bhd (Genting Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Genting Bhd (OTCPK:GEBHY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GEBHF:USA 3182:Malaysia

Address

Jalan Sultan Ismail, 25th Floor, Wisma Genting, Kuala Lumpur, MYS, 50250

Website

https://www.genting.com

Genting Bhd is a diversified holdings company primarily operating in the resorts and casinos industry. The company's primary business segment is Leisure & Hospitality, but the business has several smaller segments: Plantation, Power, Property, and Oil & Gas. The Leisure & Hospitality segment operates numerous resorts worldwide, many of which have casinos, theme parks, concerts, restaurants, and retail shopping locations. Additionally, the company has diversified segments, which control farmland, oil and gas, and real estate. The company generates the vast majority of its revenue from Malaysia and Singapore.