Quality Online Education Group (Quality Online Education Group) Change In Receivables : $0.05 Mil (TTM As of May. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Quality Online Education Group Change In Receivables?

Quality Online Education Group's change in receivables for the quarter that ended in May. 2023 was $-0.01 Mil. It means Quality Online Education Group's Accounts Receivable increased by $0.01 Mil from Feb. 2023 to May. 2023 .

Quality Online Education Group's change in receivables for the fiscal year that ended in Aug. 2022 was $-0.04 Mil. It means Quality Online Education Group's Accounts Receivable increased by $0.04 Mil from Aug. 2021 to Aug. 2022 .

Quality Online Education Group's Accounts Receivable for the quarter that ended in May. 2023 was $0.00 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. Quality Online Education Group's Days Sales Outstanding for the three months ended in May. 2023 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Quality Online Education Group's liquidation value for the three months ended in May. 2023 was $-5.20 Mil.

Quality Online Education Group Change In Receivables Historical Data

The historical data trend for Quality Online Education Group'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.

* Premium members only.

Quality Online Education Group Change In Receivables Chart

Quality Online Education Group Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Aug13

Aug14

Aug21

Aug22

Change In Receivables

Get a 7-Day Free Trial

-0.70

-2.74

-0.04

Quality Online Education Group Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Change In Receivables	Get a 7-Day Free Trial															-0.04	0.03	0.04	-0.01	-0.01

Quality Online Education Group 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 May. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.05 Mil.

Quality Online Education Group (OTCPK:QOEG) 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.

Quality Online Education Group's Days Sales Outstanding for the quarter that ended in May. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	1.29	*	91
=	0.00

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

Quality Online Education Group's liquidation value for the quarter that ended in May. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.167	-	5.37	+	0.75 * 0	+	0.5 * 0
=	-5.20

Quality Online Education Group Change In Receivables Related Terms

Thank you for viewing the detailed overview of Quality Online Education Group's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Quality Online Education Group (Quality Online Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Quality Online Education Group Inc (OTCPK:QOEG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Commerce Valley Dr. West, Thornhill, ON, CAN, L3T7V9

Website

https://www.qualityonline.education

Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.

Executives

Amanda Anderson	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Fu Kei Man Derek	director	2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yin Yee Tso	director, officer: Chief Operating Officer	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Yee Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Lai Ying Li	director, officer: Chairman, CEO, CFO and Sec.	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Shan Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yiu Kwong Pang	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR