Premiere Horizon Alliance (PHS:PHA) Receivables Turnover : 28.19 (As of Mar. 2024)

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What is Premiere Horizon Alliance 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. Premiere Horizon Alliance's Revenue for the three months ended in Mar. 2024 was ₱75.8 Mil. Premiere Horizon Alliance's average Accounts Receivable for the three months ended in Mar. 2024 was ₱2.7 Mil. Hence, Premiere Horizon Alliance's Receivables Turnover for the three months ended in Mar. 2024 was 28.19.

Premiere Horizon Alliance Receivables Turnover Historical Data

The historical data trend for Premiere Horizon Alliance'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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Premiere Horizon Alliance Receivables Turnover Chart

Premiere Horizon Alliance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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29.45

60.32

45.46

48.87

59.03

Premiere Horizon Alliance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.40	0.34	0.30	0.57	28.19

Competitive Comparison of Premiere Horizon Alliance's Receivables Turnover

For the Real Estate Services subindustry, Premiere Horizon Alliance'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.

Premiere Horizon Alliance's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Premiere Horizon Alliance's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Premiere Horizon Alliance's Receivables Turnover falls into.

Premiere Horizon Alliance Receivables Turnover Calculation

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

Premiere Horizon Alliance'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 )
=	534.347	/ (	(16.843	+	1.26)	/	2 )
=	534.347	/	9.0515
=	59.03

Premiere Horizon Alliance'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	75.83	/ (	(1.26	+	4.119)	/	2 )
=	75.83	/	2.6895
=	28.19

Premiere Horizon Alliance (PHS:PHA) 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.

Premiere Horizon Alliance Receivables Turnover Related Terms

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Premiere Horizon Alliance (PHS:PHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Premiere Horizon Alliance Corp (PHS:PHA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Exchange Road, Ortigas Center, Unit 1705, 17th Floor, East Tower, Philippine Stock Exchange Center, Metro Manila, Pasig, PHL, 1605

Website

https://www.premierehorizon.com

Premiere Horizon Alliance Corp engages in the business activities relating to entertainment, gaming, hotel, and leisure. The company business segments are Mining, Real estate, Service contract, and others. Its Mining segment pertains to the operations of RCDC (Redstone Construction and Development Corporation) which provides hauling and excavation for mining companies. The company generates maximum revenue from the Real estate segment.