InterContinental Hotels Group (InterContinental Hotels Group) Receivables Turnover : 3.54 (As of Dec. 2023)

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What is InterContinental Hotels 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. InterContinental Hotels Group's Revenue for the six months ended in Dec. 2023 was $2,398 Mil. InterContinental Hotels Group's average Accounts Receivable for the six months ended in Dec. 2023 was $678 Mil. Hence, InterContinental Hotels Group's Receivables Turnover for the six months ended in Dec. 2023 was 3.54.

InterContinental Hotels Group Receivables Turnover Historical Data

The historical data trend for InterContinental Hotels 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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InterContinental Hotels Group Receivables Turnover Chart

InterContinental Hotels Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.23

5.81

8.21

8.73

8.62

InterContinental Hotels 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															3.59	3.29	3.54	3.51	3.54

Competitive Comparison of InterContinental Hotels Group's Receivables Turnover

For the Lodging subindustry, InterContinental Hotels 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.

InterContinental Hotels Group's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where InterContinental Hotels Group's Receivables Turnover falls into.

InterContinental Hotels Group Receivables Turnover Calculation

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

InterContinental Hotels 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 )
=	4624	/ (	(493	+	580)	/	2 )
=	4624	/	536.5
=	8.62

InterContinental Hotels 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 )
=	2398	/ (	(776	+	580)	/	2 )
=	2398	/	678
=	3.54

InterContinental Hotels Group (NYSE:IHG) 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.

InterContinental Hotels Group Receivables Turnover Related Terms

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InterContinental Hotels Group (InterContinental Hotels Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » InterContinental Hotels Group PLC (NYSE:IHG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ICHGF:USA IHGl:UK IHG:UK IC1B:Germany I1HG34:Brazil

Address

1 Windsor Dials, Arthur Road, Windsor, Berkshire, GBR, SL4 1RS

Website

http://www.ihgplc.com

InterContinental Hotels Group operates 930,000 rooms across 18 brands addressing the midscale through luxury segments, as of Sept. 30, 2023. Holiday Inn and Holiday Inn Express constitute the largest brand, while Hotel Indigo, Even, Hualuxe, Kimpton, and Voco are newer lifestyle brands experiencing strong demand. The company launched a midscale brand, Avid, in summer 2017 and closed on a 51% stake in Regent Hotels in July 2018. It acquired Six Senses in February 2019 and launched another midscale brand, Garner, in 2023. Managed and franchised represent 99% of total rooms. As of Sept. 30, 2023, the Americas represents 56% of total rooms, with greater China accounting for 18%; Europe, Asia, the Middle East, and Africa make up 26%.