EpicQuest Education Group International (EpicQuest Education Group International) Change In Receivables : $0.47 Mil (TTM As of Sep. 2023)

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What is EpicQuest Education Group International Change In Receivables?

EpicQuest Education Group International's change in receivables for the quarter that ended in Sep. 2023 was $-0.12 Mil. It means EpicQuest Education Group International's Accounts Receivable increased by $0.12 Mil from Mar. 2023 to Sep. 2023 .

EpicQuest Education Group International's change in receivables for the fiscal year that ended in Sep. 2023 was $0.47 Mil. It means EpicQuest Education Group International's Accounts Receivable declined by $0.47 Mil from Sep. 2022 to Sep. 2023 .

EpicQuest Education Group International's Accounts Receivable for the quarter that ended in Sep. 2023 was $0.04 Mil.

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 Receivable are being managed. EpicQuest Education Group International's Days Sales Outstanding for the six months ended in Sep. 2023 was 2.95.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. EpicQuest Education Group International's liquidation value for the six months ended in Sep. 2023 was $-3.26 Mil.

EpicQuest Education Group International Change In Receivables Historical Data

The historical data trend for EpicQuest Education Group International's Change In Receivables 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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EpicQuest Education Group International Change In Receivables Chart

EpicQuest Education Group International Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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-0.21

-0.58

-0.49

0.12

0.47

EpicQuest Education Group International Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial						-0.23	0.14	-0.02	0.60	-0.12

EpicQuest Education Group International Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.47 Mil.

EpicQuest Education Group International (NAS:EEIQ) Change In Receivables 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 Receivable are being managed.

EpicQuest Education Group International's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.037	/	2.292	*	91
=	2.95

2. In Ben Graham's calculation of liquidation value, EpicQuest Education Group International's accounts receivable are only considered to be worth 75% of book value:

EpicQuest Education Group International's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4.967	-	8.275	+	0.75 * 0.037	+	0.5 * 0.041
=	-3.26

EpicQuest Education Group International Change In Receivables Related Terms

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EpicQuest Education Group International (EpicQuest Education Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » EpicQuest Education Group International Ltd (NAS:EEIQ) » Definitions » Change In Receivables

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Address

1209 North University Boulevard, Middletown, OH, USA, 45042

Website

https://www.epicquesteducation.com

EpicQuest Education Group International Ltd provides comprehensive education solutions for domestic and international students interested in university and college degree programs in the U.S., Canada, and the UK. In addition, the company has a recruiting relationship with the regional campuses of Miami University of Ohio, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses, and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University.