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Philippine Racing Club (PHS:PRC) Receivables Turnover : 0.12 (As of Mar. 2024)


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What is Philippine Racing Club 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. Philippine Racing Club's Revenue for the three months ended in Mar. 2024 was ₱18.7 Mil. Philippine Racing Club's average Accounts Receivable for the three months ended in Mar. 2024 was ₱152.6 Mil. Hence, Philippine Racing Club's Receivables Turnover for the three months ended in Mar. 2024 was 0.12.

Philippine Racing Club Receivables Turnover Historical Data

The historical data trend for Philippine Racing Club'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.

Philippine Racing Club Receivables Turnover Chart

Philippine Racing Club Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.43 0.34 0.78 1.09 2.37

Philippine Racing Club 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.20 0.32 5.11 - 0.12

Competitive Comparison of Philippine Racing Club's Receivables Turnover

For the Real Estate - Development subindustry, Philippine Racing Club'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.

Philippine Racing Club's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Philippine Racing Club's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Philippine Racing Club's Receivables Turnover falls into.


Philippine Racing Club Receivables Turnover Calculation

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

Philippine Racing Club'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 )
=413.728 / ((202.053 + 147.089) / 2 )
=413.728 / 174.571
=2.37

Philippine Racing Club'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 )
=18.67 / ((147.089 + 158.208) / 2 )
=18.67 / 152.6485
=0.12

* 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.

Philippine Racing Club  (PHS:PRC) 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.

Philippine Racing Club Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Philippine Racing Club's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Philippine Racing Club (PHS:PRC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Philippine Racing Club Inc (PHS:PRC) » Definitions » Receivables Turnover
Comparable Companies
PHS:INFRA PHS:ALHI PHS:ARA PHS:ELI PHS:BRN PHS:MRC PHS:PRMX PHS:SOC PHS:JAS PHS:OM HKSE:00016 HKSE:01109 HKSE:00688 HKSE:01113 TSE:1925 SHSE:600048 SZSE:000002 BOM:532868 DFM:EMAAR SZSE:001979
Traded in Other Exchanges
N/A
Address
Saddle and Clubs Leisure Park, Barangay Sabang, Cavite, Naic, PHL, 1207
Website
http://www.prci.com.ph
Philippine Racing Club Inc is involved in the business of operating and maintaining a racetrack covered by its franchise and managing betting stations. It is also engaged in acquiring and developing real properties including but not limited to leisure, recreational and memorial parks and owning, operating, managing and/or selling real estate. The company's reportable segment involves Real Estate Operations, Club Racing Operations, and Leasing and Sale of Food, beverages, and Services. It derives key revenue from the real estate sales activity.

Philippine Racing Club (PHS:PRC) Headlines

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