Millenniumpthorne Hotels (Millenniumpthorne Hotels) Receivables Turnover : 2.50 (As of Jun. 2019)

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What is Millenniumpthorne 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. Millenniumpthorne Hotels's Revenue for the three months ended in Jun. 2019 was $326 Mil. Millenniumpthorne Hotels's average Accounts Receivable for the three months ended in Jun. 2019 was $130 Mil. Hence, Millenniumpthorne Hotels's Receivables Turnover for the three months ended in Jun. 2019 was 2.50.

Millenniumpthorne Hotels Receivables Turnover Historical Data

The historical data trend for Millenniumpthorne 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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Millenniumpthorne Hotels Receivables Turnover Chart

Millenniumpthorne Hotels Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Receivables Turnover

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19.53

19.41

22.87

26.07

22.30

Millenniumpthorne Hotels Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Receivables Turnover	Get a 7-Day Free Trial															2.73	2.36	3.32	3.05	2.50

Competitive Comparison of Millenniumpthorne Hotels's Receivables Turnover

For the Lodging subindustry, Millenniumpthorne 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.

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

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

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

Millenniumpthorne Hotels Receivables Turnover Calculation

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

Millenniumpthorne Hotels's Receivables Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Receivables Turnover (A: Dec. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2018 )	/ (	(Accounts Receivable (A: Dec. 2017 )	+	Accounts Receivable (A: Dec. 2018 ))	/	count )
=	1262.025	/ (	(54.96	+	58.228)	/	2 )
=	1262.025	/	56.594
=	22.30

Millenniumpthorne Hotels's Receivables Turnover for the quarter that ended in Jun. 2019 is calculated as

	Receivables Turnover (Q: Jun. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2019 )	/ (	(Accounts Receivable (Q: Mar. 2019 )	+	Accounts Receivable (Q: Jun. 2019 ))	/	count )
=	325.729	/ (	(127.8	+	133.08)	/	2 )
=	325.729	/	130.44
=	2.50

Millenniumpthorne Hotels (OTCPK:MLCTF) 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.

Millenniumpthorne Hotels Receivables Turnover Related Terms

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Millenniumpthorne Hotels (Millenniumpthorne Hotels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Millennium & Copthorne Hotels PLC (OTCPK:MLCTF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Scarsdale Place, Kensington, London, GBR, W8 5SR

Website

http://www.millenniumhotels.com

Millennium & Copthorne Hotels PLC is a hotel owner and operator. The company principally operates hotels in properties that it either owns or leases. Millennium & Copthorne operate several hotel brands under three collections: Leng's Collection, which includes brands such as The Bailey's Hotel London, Grand Hotel Palace Rome, and M Hotels; Millennium Collection, which includes Millennium-branded hotels; and Copthorne Collection, which includes Copthorne and Kingsgate-branded hotels. With global operations, the company derives revenue from several countries, with the United States, United Kingdom, and Singapore the most significant.

Millenniumpthorne Hotels (Millenniumpthorne Hotels) Headlines

From GuruFocus

Value Investing With Millennium & Copthorne Pays Off

By Holmes Osborne, CFA Holmes Osborne, CFA • 06-13-2019

Millennium Hotels and Resorts to Hold Groundbreaking Ceremony for First New Build Project in the U.S., M Social Sunnyvale

By PRNewswire PRNewswire • 10-16-2018