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Bloomberry Resorts (PHS:BLOOM) Receivables Turnover : 8.87 (As of Mar. 2024)


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What is Bloomberry Resorts 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. Bloomberry Resorts's Revenue for the three months ended in Mar. 2024 was ₱12,393 Mil. Bloomberry Resorts's average Accounts Receivable for the three months ended in Mar. 2024 was ₱1,397 Mil. Hence, Bloomberry Resorts's Receivables Turnover for the three months ended in Mar. 2024 was 8.87.


Bloomberry Resorts Receivables Turnover Historical Data

The historical data trend for Bloomberry Resorts'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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Bloomberry Resorts Receivables Turnover Chart

Bloomberry Resorts Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.26 6.40 10.19 20.19 28.12

Bloomberry Resorts 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 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 6.72 6.77 6.14 7.36 8.87

Competitive Comparison of Bloomberry Resorts's Receivables Turnover

For the Resorts & Casinos subindustry, Bloomberry Resorts'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.


Bloomberry Resorts's Receivables Turnover Distribution in the Travel & Leisure Industry

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

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



Bloomberry Resorts Receivables Turnover Calculation

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

Bloomberry Resorts'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 )
=47894.558 / ((1908.52 + 1497.724) / 2 )
=47894.558 / 1703.122
=28.12

Bloomberry Resorts'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 )
=12393.22 / ((1497.724 + 1295.715) / 2 )
=12393.22 / 1396.7195
=8.87

* 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.


Bloomberry Resorts  (PHS:BLOOM) 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.


Bloomberry Resorts Receivables Turnover Related Terms

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Bloomberry Resorts (PHS:BLOOM) Business Description

Traded in Other Exchanges
Address
1 Asean Avenue, The Executive Offices, Solaire Resort & Casino, Entertainment City, Tambo, Paranaque, PHL, 1701
Bloomberry Resorts Corp is a resorts and casinos company that owns and manages various properties. The company has one primary business segment, Integrated Resort Facility, that develops tourist facilities such as casino-entertainment complexes, hotels, and retail chains. The company's casinos possess both gaming tables and electronic gaming machines. The company owns and operates casinos such as the Solaire Resort & Casino, Jeju Sun Hotel & Casino, and Sky Tower. It generates the vast majority of its revenue in the Philippines.

Bloomberry Resorts (PHS:BLOOM) Headlines

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