Far East Hotels & Entertainment (HKSE:00037) Receivables Turnover : 23.05 (As of Mar. 2024)

View and export this data going back to 1979. Start your Free Trial

What is Far East Hotels & Entertainment 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. Far East Hotels & Entertainment's Revenue for the six months ended in Mar. 2024 was HK$12.26 Mil. Far East Hotels & Entertainment's average Accounts Receivable for the six months ended in Mar. 2024 was HK$0.53 Mil. Hence, Far East Hotels & Entertainment's Receivables Turnover for the six months ended in Mar. 2024 was 23.05.

Far East Hotels & Entertainment Receivables Turnover Historical Data

The historical data trend for Far East Hotels & Entertainment'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.

* Premium members only.

Far East Hotels & Entertainment Receivables Turnover Chart

Far East Hotels & Entertainment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

10.53

10.02

32.36

40.07

52.79

Far East Hotels & Entertainment Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.89	17.22	26.24	43.28	23.05

Competitive Comparison of Far East Hotels & Entertainment's Receivables Turnover

For the Real Estate Services subindustry, Far East Hotels & Entertainment'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.

Far East Hotels & Entertainment's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Far East Hotels & Entertainment's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Far East Hotels & Entertainment's Receivables Turnover falls into.

Far East Hotels & Entertainment Receivables Turnover Calculation

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

Far East Hotels & Entertainment's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	29.639	/ (	(0.431	+	0.692)	/	2 )
=	29.639	/	0.5615
=	52.79

Far East Hotels & Entertainment's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	12.261	/ (	(0.372	+	0.692)	/	2 )
=	12.261	/	0.532
=	23.05

Far East Hotels & Entertainment (HKSE:00037) 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.

Far East Hotels & Entertainment Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Far East Hotels & Entertainment's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Far East Hotels & Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Far East Hotels & Entertainment Ltd (HKSE:00037) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Gloucester Road, Suite 1902, 19th Floor, The Sun’s Group Centre, Wanchai, Hong Kong, HKG

Website

https://www.tricor.com.hk/webservice/00037

Far East Hotels & Entertainment Ltd is a Hong Kong-based investment holding company. Through its subsidiaries, the company operates under business segments of Hotel operations in Hong Kong; Serviced property letting in Mainland China; Property investment in Hong Kong; Property investment overseas; and Securities investment and trading. The company earns maximum revenue from Hotel operations in Hong Kong. The group's operations are located in Hong Kong, Mainland China, and overseas.

Executives

Chiu Derek	2201 Interest of corporation controlled by you
Lui Yu Kin	2101 Beneficial owner

Far East Hotels & Entertainment Headlines

No Headlines