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Galaxy Entertainment Group (Galaxy Entertainment Group) Receivables Turnover : 28.72 (As of Dec. 2023)


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What is Galaxy Entertainment Group 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. Galaxy Entertainment Group's Revenue for the six months ended in Dec. 2023 was $2,557 Mil. Galaxy Entertainment Group's average Accounts Receivable for the six months ended in Dec. 2023 was $89 Mil. Hence, Galaxy Entertainment Group's Receivables Turnover for the six months ended in Dec. 2023 was 28.72.


Galaxy Entertainment Group Receivables Turnover Historical Data

The historical data trend for Galaxy Entertainment Group'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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Galaxy Entertainment Group Receivables Turnover Chart

Galaxy Entertainment Group 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 117.43 25.71 36.22 19.90 56.14

Galaxy Entertainment Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 15.83 11.29 8.82 25.04 28.72

Competitive Comparison of Galaxy Entertainment Group's Receivables Turnover

For the Resorts & Casinos subindustry, Galaxy Entertainment Group'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.


Galaxy Entertainment Group's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Galaxy Entertainment Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Galaxy Entertainment Group's Receivables Turnover falls into.



Galaxy Entertainment Group Receivables Turnover Calculation

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

Galaxy Entertainment Group'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 )
=4569.163 / ((72.482 + 90.298) / 2 )
=4569.163 / 81.39
=56.14

Galaxy Entertainment Group's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=2556.903 / ((87.741 + 90.298) / 2 )
=2556.903 / 89.0195
=28.72

* 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.


Galaxy Entertainment Group  (OTCPK:GXYYY) 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.


Galaxy Entertainment Group Receivables Turnover Related Terms

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Galaxy Entertainment Group (Galaxy Entertainment Group) Business Description

Traded in Other Exchanges
Address
111 Connaught Road Central, 22nd Floor, Wing On Centre, Hong Kong, HKG
Galaxy Entertainment is one of six casino licenseholders in Macao. Its major properties include Starworld casino in the Macao Peninsula, and Galaxy Macau phases 1, 2 and 3 in Cotai, with a hotel capacity of approximately 5,564 rooms.

Galaxy Entertainment Group (Galaxy Entertainment Group) Headlines