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Galadari Hotels (Lanka) (COL:GHLL.N0000) Receivables Turnover : 2.58 (As of Mar. 2024)


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What is Galadari Hotels (Lanka) 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. Galadari Hotels (Lanka)'s Revenue for the three months ended in Mar. 2024 was රු361 Mil. Galadari Hotels (Lanka)'s average Accounts Receivable for the three months ended in Mar. 2024 was රු140 Mil. Hence, Galadari Hotels (Lanka)'s Receivables Turnover for the three months ended in Mar. 2024 was 2.58.


Galadari Hotels (Lanka) Receivables Turnover Historical Data

The historical data trend for Galadari Hotels (Lanka)'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.

* Premium members only.

Galadari Hotels (Lanka) Receivables Turnover Chart

Galadari Hotels (Lanka) Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.46 17.67 11.34 11.68 16.93

Galadari Hotels (Lanka) Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 4.72 4.39 3.28 3.40 2.58

Competitive Comparison of Galadari Hotels (Lanka)'s Receivables Turnover

For the Lodging subindustry, Galadari Hotels (Lanka)'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.


Galadari Hotels (Lanka)'s Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Galadari Hotels (Lanka)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Galadari Hotels (Lanka)'s Receivables Turnover falls into.



Galadari Hotels (Lanka) Receivables Turnover Calculation

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

Galadari Hotels (Lanka)'s Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=1183.22 / ((65.695 + 74.05) / 2 )
=1183.22 / 69.8725
=16.93

Galadari Hotels (Lanka)'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: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=360.527 / ((127.81 + 152.129) / 2 )
=360.527 / 139.9695
=2.58

* 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.


Galadari Hotels (Lanka)  (COL:GHLL.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.


Galadari Hotels (Lanka) Receivables Turnover Related Terms

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Galadari Hotels (Lanka) (COL:GHLL.N0000) Business Description

Traded in Other Exchanges
N/A
Address
No. 64, Lotus Road, Colombo, LKA, 01
Galadari Hotels (Lanka) PLC is involved in the lodging business sector. The principal activity of the company is hoteliering. In terms of revenue, the organization generates income from the sale of rooms and sale of food and beverages. The Food and Beverage sales generate maximum revenue for the company. The hotel provides its services for dining, wedding, accommodation, and meetings. Its service only caters to the Sri Lankan market.

Galadari Hotels (Lanka) (COL:GHLL.N0000) Headlines

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