Keypath Education International (ASX:KED) Accounts Receivable : A$7.9 Mil (As of Dec. 2023)

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What is Keypath Education International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Keypath Education International's accounts receivables for the quarter that ended in Dec. 2023 was A$7.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Keypath Education International's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 14.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Keypath Education International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.18.

Keypath Education International Accounts Receivable Historical Data

The historical data trend for Keypath Education International's Accounts Receivable 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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Keypath Education International Accounts Receivable Chart

Keypath Education International Annual Data

Trend

Jun21

Jun22

Jun23

Accounts Receivable

25.35

23.40

16.89

Keypath Education International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			6.81	23.40	6.00	16.89	7.90

Keypath Education International Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Keypath Education International Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Keypath Education International's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.897	/	99.962	*	91
=	14.42

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Keypath Education International's accounts receivable are only considered to be worth 75% of book value:

Keypath Education International's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(62.352	+	0.75 * 7.897	+	0.5 * 0	-	29.385
-	0	-	0)	/	214.695
=	0.18

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Keypath Education International Accounts Receivable Related Terms

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Keypath Education International (ASX:KED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Keypath Education International Inc (ASX:KED) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1933 N. Meacham Road, Suite 310, Schaumburg, IL, USA, 60173

Website

https://www.keypathedu.com

Keypath Education International Inc provides bundled OPM services to its university partners, including the design, development, launch, and management of online programs. The services include program design, market research, student recruitment, student support and placement services. It earns revenue from a share of tuition fees paid to its university partners by students undertaking the online programs delivered by Keypath. The Company has one reportable operating segment, being OPM.