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SSAW Hotels & Resorts Group Co (SZSE:301073) Receivables Turnover : 2.14 (As of Mar. 2024)


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What is SSAW Hotels & Resorts Group 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. SSAW Hotels & Resorts Group Co's Revenue for the three months ended in Mar. 2024 was ¥160.1 Mil. SSAW Hotels & Resorts Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥74.9 Mil. Hence, SSAW Hotels & Resorts Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.14.


SSAW Hotels & Resorts Group Co Receivables Turnover Historical Data

The historical data trend for SSAW Hotels & Resorts Group 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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SSAW Hotels & Resorts Group Co Receivables Turnover Chart

SSAW Hotels & Resorts Group Co Annual Data
Trend Dec13 Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 10.61 11.05 7.36 7.61

SSAW Hotels & Resorts Group Co Quarterly Data
Dec18 Jun19 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 1.54 2.04 2.52 2.16 2.14

Competitive Comparison of SSAW Hotels & Resorts Group Co's Receivables Turnover

For the Lodging subindustry, SSAW Hotels & Resorts Group 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.


SSAW Hotels & Resorts Group Co's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where SSAW Hotels & Resorts Group Co's Receivables Turnover falls into.



SSAW Hotels & Resorts Group Co Receivables Turnover Calculation

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

SSAW Hotels & Resorts Group 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 )
=533.979 / ((64.337 + 75.977) / 2 )
=533.979 / 70.157
=7.61

SSAW Hotels & Resorts Group Co'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 )
=160.119 / ((75.977 + 73.861) / 2 )
=160.119 / 74.919
=2.14

* 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.


SSAW Hotels & Resorts Group Co  (SZSE:301073) 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.


SSAW Hotels & Resorts Group Co Receivables Turnover Related Terms

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SSAW Hotels & Resorts Group Co (SZSE:301073) Business Description

Traded in Other Exchanges
N/A
Address
No. 29, Xueyuan Road, Xihu District, Zhejiang Province, Hangzhou City, CHN, 310013
SSAW Hotels & Resorts Group Co Ltd is engaged in the operation and management of mid-to-high-end selected service chain hotels.

SSAW Hotels & Resorts Group Co (SZSE:301073) Headlines

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