Article2004

Performance Measurement Through Cash Flow Ratios and Traditional Ratios: A Comparison of Commercial and Casino Hotel Companies

47 citations0/0 files storedThe Journal of Hospitality Financial Management

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Financial Analysis and Corporate Governance Financial Reporting and Valuation Research Working Capital and Financial Performance

Abstract

This study examines the performance of commercial hotel and casino hotel companies by employing both cash flow ratios and traditional financial ratios over the past five years. Using the financial database from the Hotel and Motel section of the Mergent Online with SIC 7011, independent sample t-tests were used for the analysis. The performance of the commercial hotel and casino hotel companies was measured using liquidity, solvency, and operational efficiency indicators. Results show that traditional ratios generated different results from cash flow ratios in liquidity. Casino hotel companies were found to have significantly higher liquidity ratios than commercial hotel companies, indicating a possibility that the difference may be caused by the type of hotel.

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References

2007Financial statement analysis 1985Using Operating Cash Flow Data to Predict Financial Distress: Some Extensions 1978Hospitality Management Accounting 1998Research and development in hospitality accounting and financial management 1993Financial Management for the Hospitality Industry 1998The Power of Cash Flow Ratios 1993Cash Flows: Another Approach to Ratio Analysis

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