Hotel Property Investments (ASX:HPI) Receivables Turnover : 64.38 (As of Dec. 2023)

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What is Hotel Property Investments 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. Hotel Property Investments's Revenue for the six months ended in Dec. 2023 was A$36.54 Mil. Hotel Property Investments's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.57 Mil. Hence, Hotel Property Investments's Receivables Turnover for the six months ended in Dec. 2023 was 64.38.

Hotel Property Investments Receivables Turnover Historical Data

The historical data trend for Hotel Property Investments'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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Hotel Property Investments Receivables Turnover Chart

Hotel Property Investments Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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142.26

39.47

14.35

20.81

106.30

Hotel Property Investments 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															3.86	7.45	41.77	89.12	64.38

Competitive Comparison of Hotel Property Investments's Receivables Turnover

For the REIT - Diversified subindustry, Hotel Property Investments'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.

Hotel Property Investments's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Hotel Property Investments's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hotel Property Investments's Receivables Turnover falls into.

Hotel Property Investments Receivables Turnover Calculation

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

Hotel Property Investments'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 )
=	79.835	/ (	(1.097	+	0.405)	/	2 )
=	79.835	/	0.751
=	106.30

Hotel Property Investments'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 )
=	36.536	/ (	(0.405	+	0.73)	/	2 )
=	36.536	/	0.5675
=	64.38

Hotel Property Investments (ASX:HPI) 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.

Hotel Property Investments Receivables Turnover Related Terms

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Hotel Property Investments (ASX:HPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hotel Property Investments (ASX:HPI) » Definitions » Receivables Turnover

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Address

60 City Road, Suite 2, Level 17, IBM Centre, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.hpitrust.com.au

Hotel Property Investments is an Australian REIT with a portfolio of freehold pub properties primarily in Queensland. Its portfolio is almost exclusively leased to Queensland Venue Co. on triple-net long-term leases where the tenant is responsible for outgoings (except land tax in Queensland), resulting in relatively low maintenance expenses. Most leases also provide for annual rental increases typically at the lower of 4% or two times the average of the last five years consumer price index.