Safestay (LSE:SSTY) Receivables Turnover : 15.78 (As of Jun. 2023)

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What is Safestay 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. Safestay's Revenue for the six months ended in Jun. 2023 was £10.47 Mil. Safestay's average Accounts Receivable for the six months ended in Jun. 2023 was £0.66 Mil. Hence, Safestay's Receivables Turnover for the six months ended in Jun. 2023 was 15.78.

Safestay Receivables Turnover Historical Data

The historical data trend for Safestay'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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Safestay Receivables Turnover Chart

Safestay Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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18.76

20.34

2.56

4.61

25.79

Safestay Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial													0.24	4.26	9.91	19.36	15.78

Competitive Comparison of Safestay's Receivables Turnover

For the Lodging subindustry, Safestay'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.

Safestay's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Safestay's Receivables Turnover falls into.

Safestay Receivables Turnover Calculation

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

Safestay'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 )
=	19.146	/ (	(0.865	+	0.62)	/	2 )
=	19.146	/	0.7425
=	25.79

Safestay's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	10.472	/ (	(0.62	+	0.707)	/	2 )
=	10.472	/	0.6635
=	15.78

Safestay (LSE:SSTY) 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.

Safestay Receivables Turnover Related Terms

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Safestay (LSE:SSTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Safestay PLC (LSE:SSTY) » Definitions » Receivables Turnover

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Address

1a Kingsley Way, London, GBR, N2 0FW

Website

https://www.safestay.com

Safestay PLC owns and operates a luxurious hostel group in the United Kingdom. It operates backpacker tourist hostels under the Safestay brand. Its property portfolio includes Safestay London Elephant and Castle, Pisa, Glassglow and York among others providing four, six, eight, twelve bunk bedded dorms with en-suite facilities, as well as single, twin, double, and family bunk rooms with tea/coffee making facilities and televisions. Its segments are Hostel accommodation, Food and Beverages sales, Rental Income and Other income. Geographically, it has operations in the UK and Europe and generates a vast majority of its revenue from the UK.

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