Trans Asia Hotels (COL:TRAN.N0000) Receivables Turnover : 2.13 (As of Mar. 2024)

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What is Trans Asia 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. Trans Asia Hotels's Revenue for the three months ended in Mar. 2024 was රු1,151 Mil. Trans Asia Hotels's average Accounts Receivable for the three months ended in Mar. 2024 was රු539 Mil. Hence, Trans Asia Hotels's Receivables Turnover for the three months ended in Mar. 2024 was 2.13.

Trans Asia Hotels Receivables Turnover Historical Data

The historical data trend for Trans Asia 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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Trans Asia Hotels Receivables Turnover Chart

Trans Asia Hotels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.32

3.65

19.64

16.08

10.12

Trans Asia 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															4.41	3.21	3.66	3.19	2.13

Competitive Comparison of Trans Asia Hotels's Receivables Turnover

For the Lodging subindustry, Trans Asia 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.

Trans Asia Hotels's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Trans Asia Hotels's Receivables Turnover falls into.

Trans Asia Hotels Receivables Turnover Calculation

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

Trans Asia Hotels's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	4461.845	/ (	(287.983	+	593.77)	/	2 )
=	4461.845	/	440.8765
=	10.12

Trans Asia 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 )
=	1151.418	/ (	(485.052	+	593.77)	/	2 )
=	1151.418	/	539.411
=	2.13

Trans Asia Hotels (COL:TRAN.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.

Trans Asia Hotels Receivables Turnover Related Terms

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Trans Asia Hotels (COL:TRAN.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Trans Asia Hotels PLC (COL:TRAN.N0000) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

115, Sir Chittampalam A. Gardiner Mawatha, Colombo, LKA, 02

Website

https://www.cinnamonhotels.com

Trans Asia Hotels PLC is a Sri Lanka-based company engaged in the hoteliers business. The company has two reportable segments namely Hotel and Investment properties. It generates maximum revenue from the Hotel segment. The company offers facilities such as soothing spas, ayurvedic treatment centers, rooms, bars, lounges, coffee shops, restaurants, and entertainment spaces combine with star-class service and inspired interiors, giving a heady combination of experiences that are refreshingly authentic.

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