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Holtel Holiday Garden (TPE:2702) Receivables Turnover : 10.23 (As of Jun. 2024)


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What is Holtel Holiday Garden 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. Holtel Holiday Garden's Revenue for the three months ended in Jun. 2024 was NT$373 Mil. Holtel Holiday Garden's average Accounts Receivable for the three months ended in Jun. 2024 was NT$36 Mil. Hence, Holtel Holiday Garden's Receivables Turnover for the three months ended in Jun. 2024 was 10.23.


Holtel Holiday Garden Receivables Turnover Historical Data

The historical data trend for Holtel Holiday Garden'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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Holtel Holiday Garden Receivables Turnover Chart

Holtel Holiday Garden 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 44.74 22.28 29.48 45.01 39.30

Holtel Holiday Garden Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 12.59 9.54 8.31 8.15 10.23

Competitive Comparison of Holtel Holiday Garden's Receivables Turnover

For the Lodging subindustry, Holtel Holiday Garden'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.


Holtel Holiday Garden's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Holtel Holiday Garden's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Holtel Holiday Garden's Receivables Turnover falls into.



Holtel Holiday Garden Receivables Turnover Calculation

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

Holtel Holiday Garden'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 )
=1433.125 / ((29.637 + 43.298) / 2 )
=1433.125 / 36.4675
=39.30

Holtel Holiday Garden's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=372.813 / ((38.473 + 34.409) / 2 )
=372.813 / 36.441
=10.23

* 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.


Holtel Holiday Garden  (TPE:2702) 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.


Holtel Holiday Garden Receivables Turnover Related Terms

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Holtel Holiday Garden Business Description

Traded in Other Exchanges
N/A
Address
No. 6, Sihwei 3rd Road, Room B, 23rd Floor, Lingya District, Kaohsiung, TWN, 802701
Holtel Holiday Garden is engaged in providing lodging services. It generates revenue from a Guest room; Foodservice and others. The company provides restaurants; swimming pools and other facilities. Its segment includes Taiwan business and USA business. The company generates maximum revenue from the USA business segment.

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