Melco Crown Entertainment (HKSE:06883) Receivables Turnover : 12.75 (As of Mar. 2024)

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What is Melco Crown Entertainment 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. Melco Crown Entertainment's Revenue for the three months ended in Mar. 2024 was HK$8,702 Mil. Melco Crown Entertainment's average Accounts Receivable for the three months ended in Mar. 2024 was HK$682 Mil. Hence, Melco Crown Entertainment's Receivables Turnover for the three months ended in Mar. 2024 was 12.75.

Melco Crown Entertainment Receivables Turnover Historical Data

The historical data trend for Melco Crown Entertainment'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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Melco Crown Entertainment Receivables Turnover Chart

Melco Crown Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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21.78

8.31

21.95

24.42

51.21

Melco Crown Entertainment 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															11.50	12.01	11.03	11.66	12.75

Competitive Comparison of Melco Crown Entertainment's Receivables Turnover

For the Resorts & Casinos subindustry, Melco Crown Entertainment'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.

Melco Crown Entertainment's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Melco Crown Entertainment's Receivables Turnover falls into.

Melco Crown Entertainment Receivables Turnover Calculation

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

Melco Crown Entertainment'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 )
=	29483.924	/ (	(435.92	+	715.674)	/	2 )
=	29483.924	/	575.797
=	51.21

Melco Crown Entertainment'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 )
=	8702.36	/ (	(715.674	+	649.301)	/	2 )
=	8702.36	/	682.4875
=	12.75

Melco Crown Entertainment (HKSE:06883) 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.

Melco Crown Entertainment Receivables Turnover Related Terms

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Melco Crown Entertainment (HKSE:06883) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco Crown Entertainment Ltd (HKSE:06883) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MLCO:USA 0A2P:UK MAS:Germany M1LC34:Brazil

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.melco-resorts.com

Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao with the rest largely from the Philippines as of 2019.

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