Formosa International Hotels (TPE:2707) Receivables Turnover : 8.41 (As of Mar. 2024)

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What is Formosa International Hotels 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. Formosa International Hotels's Revenue for the three months ended in Mar. 2024 was NT$1,747 Mil. Formosa International Hotels's average Accounts Receivable for the three months ended in Mar. 2024 was NT$208 Mil. Hence, Formosa International Hotels's Receivables Turnover for the three months ended in Mar. 2024 was 8.41.

Formosa International Hotels Receivables Turnover Historical Data

The historical data trend for Formosa International Hotels'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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Formosa International Hotels Receivables Turnover Chart

Formosa International Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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28.55

27.03

26.70

33.03

35.02

Formosa International Hotels 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															10.61	10.94	9.61	8.83	8.41

Competitive Comparison of Formosa International Hotels's Receivables Turnover

For the Lodging subindustry, Formosa International Hotels'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.

Formosa International Hotels's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Formosa International Hotels's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Formosa International Hotels's Receivables Turnover falls into.

Formosa International Hotels Receivables Turnover Calculation

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

Formosa International Hotels'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 )
=	6765.042	/ (	(176.98	+	209.364)	/	2 )
=	6765.042	/	193.172
=	35.02

Formosa International Hotels'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 )
=	1747.105	/ (	(209.364	+	206.337)	/	2 )
=	1747.105	/	207.8505
=	8.41

Formosa International Hotels (TPE:2707) 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.

Formosa International Hotels Receivables Turnover Related Terms

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Formosa International Hotels (TPE:2707) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Formosa International Hotels Corp (TPE:2707) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Lane 39, Chung-Shan North Road, Section 2, 1-20th Floor, Taipei, TWN, 104

Website

https://www.silkshotelgroup.com

Formosa International Hotels Corporation is a lodging and hospitality company. The company provides services in four business segments, including the Housekeeping segment, Food and Beverage segment, Rental segment, and Operation Management segment. The hotel segment operates the branded Regent Hotels and Resort chain, primarily in the Asian market. Furthermore, the company operates Silks Place, the premium hotel line, and Just Sleep, the company's convenience hotel line. The restaurant business segment operates numerous restaurant chains which include Garden Villa and Just Italian.

Formosa International Hotels (TPE:2707) Headlines

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