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Good Spirits Hospitality (NZSE:GSH) Receivables Turnover : 54.46 (As of Dec. 2023)


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What is Good Spirits Hospitality 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. Good Spirits Hospitality's Revenue for the six months ended in Dec. 2023 was NZ$8.91 Mil. Good Spirits Hospitality's average Accounts Receivable for the six months ended in Dec. 2023 was NZ$0.16 Mil. Hence, Good Spirits Hospitality's Receivables Turnover for the six months ended in Dec. 2023 was 54.46.


Good Spirits Hospitality Receivables Turnover Historical Data

The historical data trend for Good Spirits Hospitality'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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Good Spirits Hospitality Receivables Turnover Chart

Good Spirits Hospitality Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 328.12 243.46 125.02 74.50 96.41

Good Spirits Hospitality 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 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 32.80 66.63 33.92 19.09 54.46

Competitive Comparison of Good Spirits Hospitality's Receivables Turnover

For the Restaurants subindustry, Good Spirits Hospitality'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.


Good Spirits Hospitality's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Good Spirits Hospitality's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Good Spirits Hospitality's Receivables Turnover falls into.



Good Spirits Hospitality Receivables Turnover Calculation

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

Good Spirits Hospitality's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=25.935 / ((0.221 + 0.317) / 2 )
=25.935 / 0.269
=96.41

Good Spirits Hospitality'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 )
=8.905 / ((0.317 + 0.01) / 2 )
=8.905 / 0.1635
=54.46

* 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.


Good Spirits Hospitality  (NZSE:GSH) 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.


Good Spirits Hospitality Receivables Turnover Related Terms

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Good Spirits Hospitality (NZSE:GSH) Business Description

Traded in Other Exchanges
N/A
Address
Ascot Business Park, 95 Ascot Avenue, Ground Floor, Building B, Greenlane, Auckland, NZL, 1051
Good Spirits Hospitality Ltd is an Australian firm that mainly in the food and beverage and hospitality sectors within New Zealand. The firm business division includes Good Spirits Hospitality No.1.This business division segment includes the operations of a chain of eight bars based in Auckland and one based in Hamilton. It derives key revenue from Auckland.

Good Spirits Hospitality (NZSE:GSH) Headlines

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