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Miramar Hospitality Co (ROCO:2730) Receivables Turnover : 18.34 (As of Jun. 2023)


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What is Miramar Hospitality Co 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. Miramar Hospitality Co's Revenue for the six months ended in Jun. 2023 was NT$89.0 Mil. Miramar Hospitality Co's average Accounts Receivable for the six months ended in Jun. 2023 was NT$4.9 Mil. Hence, Miramar Hospitality Co's Receivables Turnover for the six months ended in Jun. 2023 was 18.34.


Miramar Hospitality Co Receivables Turnover Historical Data

The historical data trend for Miramar Hospitality Co'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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Miramar Hospitality Co Receivables Turnover Chart

Miramar Hospitality Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.34 22.21 14.02 38.81 40.04

Miramar Hospitality Co Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 34.25 27.62 7.15 5.60 18.34

Competitive Comparison of Miramar Hospitality Co's Receivables Turnover

For the Lodging subindustry, Miramar Hospitality Co'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.


Miramar Hospitality Co's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Miramar Hospitality Co's Receivables Turnover falls into.



Miramar Hospitality Co Receivables Turnover Calculation

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

Miramar Hospitality Co's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=194.461 / ((9.448 + 0.266) / 2 )
=194.461 / 4.857
=40.04

Miramar Hospitality Co's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=88.989 / ((0.266 + 9.436) / 2 )
=88.989 / 4.851
=18.34

* 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.


Miramar Hospitality Co  (ROCO:2730) 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.


Miramar Hospitality Co Receivables Turnover Related Terms

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Miramar Hospitality Co (ROCO:2730) Business Description

Traded in Other Exchanges
N/A
Address
83 Civic Boulevard, Section 3, Taipei, TWN
Miramar Hospitality Co Ltd is a Taiwan based restaurant operating company. It is engaged in the operation of hotel business, cafes, bars, conference rooms, and gym and sauna store. The company offers hotel rooms, catering, and health club service.

Miramar Hospitality Co (ROCO:2730) Headlines

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