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Aitken Spence Hotel Holdings (COL:AHUN.N0000) Receivables Turnover : 4.18 (As of Dec. 2023)


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What is Aitken Spence Hotel Holdings 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. Aitken Spence Hotel Holdings's Revenue for the three months ended in Dec. 2023 was රු13,447 Mil. Aitken Spence Hotel Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was රු3,220 Mil. Hence, Aitken Spence Hotel Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 4.18.


Aitken Spence Hotel Holdings Receivables Turnover Historical Data

The historical data trend for Aitken Spence Hotel Holdings'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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Aitken Spence Hotel Holdings Receivables Turnover Chart

Aitken Spence Hotel Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.03 13.40 6.83 18.73 20.79

Aitken Spence Hotel Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 4.05 5.41 3.87 4.63 4.18

Competitive Comparison of Aitken Spence Hotel Holdings's Receivables Turnover

For the Lodging subindustry, Aitken Spence Hotel Holdings'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.


Aitken Spence Hotel Holdings's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Aitken Spence Hotel Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Aitken Spence Hotel Holdings's Receivables Turnover falls into.



Aitken Spence Hotel Holdings Receivables Turnover Calculation

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

Aitken Spence Hotel Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=45059.3 / ((2046.348 + 2289.251) / 2 )
=45059.3 / 2167.7995
=20.79

Aitken Spence Hotel Holdings'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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=13446.685 / ((2065.518 + 4374.835) / 2 )
=13446.685 / 3220.1765
=4.18

* 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.


Aitken Spence Hotel Holdings  (COL:AHUN.N0000) 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.


Aitken Spence Hotel Holdings Receivables Turnover Related Terms

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Aitken Spence Hotel Holdings (COL:AHUN.N0000) Business Description

Traded in Other Exchanges
N/A
Address
No. 315, Vauxhall Street, Level 5, Aitken Spence Tower II, Colombo, LKA, 2
Aitken Spence Hotel Holdings PLC is involved in the lodging business sector. The company has a chain of hotels and resorts under two brands that are Heritance Hotels and Resorts and Adaaran Resorts and Spa and manages hotels in two areas that are Sri Lanka and South Asia and Middle East. The South Asian sector generates majority revenue for the company.

Aitken Spence Hotel Holdings (COL:AHUN.N0000) Headlines

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