The Hongkong and Shanghai Hotels (The Hongkong and Shanghai Hotels) Receivables Turnover : 15.30 (As of Dec. 2023)

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What is The Hongkong and Shanghai 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. The Hongkong and Shanghai Hotels's Revenue for the six months ended in Dec. 2023 was $726 Mil. The Hongkong and Shanghai Hotels's average Accounts Receivable for the six months ended in Dec. 2023 was $47 Mil. Hence, The Hongkong and Shanghai Hotels's Receivables Turnover for the six months ended in Dec. 2023 was 15.30.

The Hongkong and Shanghai Hotels Receivables Turnover Historical Data

The historical data trend for The Hongkong and Shanghai 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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The Hongkong and Shanghai Hotels Receivables Turnover Chart

The Hongkong and Shanghai Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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19.00

10.07

12.53

12.81

21.49

The Hongkong and Shanghai 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															7.52	5.32	7.75	7.19	15.30

Competitive Comparison of The Hongkong and Shanghai Hotels's Receivables Turnover

For the Lodging subindustry, The Hongkong and Shanghai 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.

The Hongkong and Shanghai Hotels's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where The Hongkong and Shanghai Hotels's Receivables Turnover falls into.

The Hongkong and Shanghai Hotels Receivables Turnover Calculation

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

The Hongkong and Shanghai 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 )
=	1038.695	/ (	(44.314	+	52.37)	/	2 )
=	1038.695	/	48.342
=	21.49

The Hongkong and Shanghai 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 )
=	725.627	/ (	(42.512	+	52.37)	/	2 )
=	725.627	/	47.441
=	15.30

The Hongkong and Shanghai Hotels (OTCPK:HKSHF) 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.

The Hongkong and Shanghai Hotels Receivables Turnover Related Terms

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The Hongkong and Shanghai Hotels (The Hongkong and Shanghai Hotels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Hongkong and Shanghai Hotels Ltd (OTCPK:HKSHF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HKSHY:USA 00045:Hong Kong HSG:Germany

Address

2 Ice House Street, 8th Floor, St. George’s Building, Central, Hong Kong, HKG

Website

https://www.hshgroup.com

The Hongkong and Shanghai Hotels Ltd is a hotel owner and operator, domiciled in Hong Kong. The company organises itself into three segments: hotels, commercial properties, and clubs and services. The hotel's segment, which contributes the vast majority of consolidated revenue, includes the company's hotel operations under The Peninsula brand in major cities across the globe, the most significant of which is The Peninsula Hong Kong. The commercial properties segment leases office buildings, residential apartments and retail spaces. Clubs and services operate golf courses, wholesales food, and provides laundry services. Geographically, domestic operations are the most significant contributor to company revenue, followed by Other Asia, and the U.S. and Europe.

The Hongkong and Shanghai Hotels (The Hongkong and Shanghai Hotels) Headlines

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