LH Hotel Leasehold Real Estate Investment Trust (BKK:LHHOTEL) Receivables Turnover : 1.14 (As of Mar. 2024)

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What is LH Hotel Leasehold Real Estate Investment Trust 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. LH Hotel Leasehold Real Estate Investment Trust's Revenue for the three months ended in Mar. 2024 was ฿591 Mil. LH Hotel Leasehold Real Estate Investment Trust's average Accounts Receivable for the three months ended in Mar. 2024 was ฿518 Mil. Hence, LH Hotel Leasehold Real Estate Investment Trust's Receivables Turnover for the three months ended in Mar. 2024 was 1.14.

LH Hotel Leasehold Real Estate Investment Trust Receivables Turnover Historical Data

The historical data trend for LH Hotel Leasehold Real Estate Investment Trust'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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LH Hotel Leasehold Real Estate Investment Trust Receivables Turnover Chart

LH Hotel Leasehold Real Estate Investment Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.94

0.80

2.34

3.62

LH Hotel Leasehold Real Estate Investment Trust 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															1.00	0.97	1.06	1.17	1.14

Competitive Comparison of LH Hotel Leasehold Real Estate Investment Trust's Receivables Turnover

For the REIT - Hotel & Motel subindustry, LH Hotel Leasehold Real Estate Investment Trust'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.

LH Hotel Leasehold Real Estate Investment Trust's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, LH Hotel Leasehold Real Estate Investment Trust's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where LH Hotel Leasehold Real Estate Investment Trust's Receivables Turnover falls into.

LH Hotel Leasehold Real Estate Investment Trust Receivables Turnover Calculation

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

LH Hotel Leasehold Real Estate Investment Trust'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 )
=	1324.115	/ (	(288.268	+	442.3)	/	2 )
=	1324.115	/	365.284
=	3.62

LH Hotel Leasehold Real Estate Investment Trust'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 )
=	590.628	/ (	(442.3	+	593.572)	/	2 )
=	590.628	/	517.936
=	1.14

LH Hotel Leasehold Real Estate Investment Trust (BKK:LHHOTEL) 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.

LH Hotel Leasehold Real Estate Investment Trust Receivables Turnover Related Terms

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LH Hotel Leasehold Real Estate Investment Trust (BKK:LHHOTEL) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » LH Hotel Leasehold Real Estate Investment Trust (BKK:LHHOTEL) » Definitions » Receivables Turnover

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Address

South Sathorn Road, No. 11 Q House Sathorn Building, 14th Floor, Tungmahamek, Sathorn, Bangkok, THA, 10120

Website

https://www.lhfund.co.th

LH Hotel Leasehold Real Estate Investment Trust is a Thailand-based REIT (Real Estate Investment Trust). The Trust's objectives are to mobilize funds raised from general investors to invest in the leasehold right in immovable properties and the ownership of movable properties of the Grande Centre Point Hotel Terminal 21 project as the core properties. The Trust is engaged in the rental of immovable and moveable properties. Its operation is carried on only in Thailand.

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