Gulf Hotels Group BSC (BAH:GHG) Receivables Turnover : 6.29 (As of Mar. 2024)

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What is Gulf Hotels Group BSC 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. Gulf Hotels Group BSC's Revenue for the three months ended in Mar. 2024 was BHD8.98 Mil. Gulf Hotels Group BSC's average Accounts Receivable for the three months ended in Mar. 2024 was BHD1.43 Mil. Hence, Gulf Hotels Group BSC's Receivables Turnover for the three months ended in Mar. 2024 was 6.29.

Gulf Hotels Group BSC Receivables Turnover Historical Data

The historical data trend for Gulf Hotels Group BSC'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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Gulf Hotels Group BSC Receivables Turnover Chart

Gulf Hotels Group BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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18.07

13.28

28.79

26.21

25.13

Gulf Hotels Group BSC 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															4.86	3.38	4.31	7.80	6.29

Competitive Comparison of Gulf Hotels Group BSC's Receivables Turnover

For the Lodging subindustry, Gulf Hotels Group BSC'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.

Gulf Hotels Group BSC's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Gulf Hotels Group BSC's Receivables Turnover falls into.

Gulf Hotels Group BSC Receivables Turnover Calculation

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

Gulf Hotels Group BSC'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 )
=	33	/ (	(1.41	+	1.216)	/	2 )
=	33	/	1.313
=	25.13

Gulf Hotels Group BSC'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 )
=	8.983	/ (	(1.216	+	1.641)	/	2 )
=	8.983	/	1.4285
=	6.29

Gulf Hotels Group BSC (BAH:GHG) 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.

Gulf Hotels Group BSC Receivables Turnover Related Terms

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Gulf Hotels Group BSC (BAH:GHG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gulf Hotels Group BSC (BAH:GHG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 580, Manama, BHR

Website

http://www.gulfhotelsgroup.com

Gulf Hotels Group BSC is involved in providing hospitality services. The company owns and operates the Gulf Hotel and Crown Plaza Hotels in the Kingdom of Bahrain and Gulf Court Hotel Business Bay in Dubai, UAE, GHG Colombo in Sri Lanka. The company has three segments; Hotel operations including Hotel rooms and rental and executive apartments and offices, food and beverage including the sale of food and beverages, and convention operations, and Investments and other activities including Investment activities of the Group. The company generates revenue on letting hotel rooms and sale of food and beverages.