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Life Travel & Tourist Service Co (ROCO:2745) Receivables Turnover : 7.71 (As of Sep. 2024)


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What is Life Travel & Tourist Service 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. Life Travel & Tourist Service Co's Revenue for the three months ended in Sep. 2024 was NT$1,913 Mil. Life Travel & Tourist Service Co's average Accounts Receivable for the three months ended in Sep. 2024 was NT$248 Mil. Hence, Life Travel & Tourist Service Co's Receivables Turnover for the three months ended in Sep. 2024 was 7.71.


Life Travel & Tourist Service Co Receivables Turnover Historical Data

The historical data trend for Life Travel & Tourist Service 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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Life Travel & Tourist Service Co Receivables Turnover Chart

Life Travel & Tourist Service Co 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 36.43 13.59 14.49 7.11 36.14

Life Travel & Tourist Service Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 7.29 7.50 7.57 7.15 7.71

Competitive Comparison of Life Travel & Tourist Service Co's Receivables Turnover

For the Travel Services subindustry, Life Travel & Tourist Service 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.


Life Travel & Tourist Service Co's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Life Travel & Tourist Service Co's Receivables Turnover falls into.



Life Travel & Tourist Service Co Receivables Turnover Calculation

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

Life Travel & Tourist Service Co'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 )
=4980.255 / ((73.967 + 201.636) / 2 )
=4980.255 / 137.8015
=36.14

Life Travel & Tourist Service Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=1913.098 / ((294.235 + 201.914) / 2 )
=1913.098 / 248.0745
=7.71

* 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.


Life Travel & Tourist Service Co  (ROCO:2745) 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.


Life Travel & Tourist Service Co Receivables Turnover Related Terms

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Life Travel & Tourist Service Co Business Description

Traded in Other Exchanges
N/A
Address
No. 28, Boai 1st Road, 3rd Floor, Sanmin District, Kaohsiung, TWN
Life Travel & Tourist Service Co Ltd is a travel consultancy agency in Taiwan. It sells tourist items related to inbound and outbound group tourist services including flight tickets, accommodation arrangements, attraction, and transport tickets commission.

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