IDP Education (ASX:IEL) Days Sales Outstanding : 48.37 (As of Dec. 2023)

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What is IDP Education Days Sales Outstanding?

IDP Education's average Accounts Receivable for the six months ended in Dec. 2023 was A$153 Mil. IDP Education's Revenue for the six months ended in Dec. 2023 was A$577 Mil. Hence, IDP Education's Days Sales Outstanding for the six months ended in Dec. 2023 was 48.37.

The historical rank and industry rank for IDP Education's Days Sales Outstanding or its related term are showing as below:

ASX:IEL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.51 Med: 35.14 Max: 47.82
Current: 47.82

During the past 8 years, IDP Education's highest Days Sales Outstanding was 47.82. The lowest was 26.51. And the median was 35.14.

ASX:IEL's Days Sales Outstanding is ranked worse than
63.05% of 249 companies
in the Education industry
Industry Median: 28.63 vs ASX:IEL: 47.82

IDP Education's Days Sales Outstanding increased from Dec. 2022 (36.82) to Dec. 2023 (48.37).

IDP Education Days Sales Outstanding Historical Data

The historical data trend for IDP Education's Days Sales Outstanding 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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IDP Education Days Sales Outstanding Chart

IDP Education Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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33.03

40.46

46.78

37.25

46.05

IDP Education Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial												32.27	37.03	36.82	50.43	48.37

Competitive Comparison of IDP Education's Days Sales Outstanding

For the Education & Training Services subindustry, IDP Education's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

IDP Education's Days Sales Outstanding Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, IDP Education's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where IDP Education's Days Sales Outstanding falls into.

IDP Education Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

IDP Education's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (91.751	+	156.005)	/	2 )	/	981.916	*	365
=	123.878					/	981.916	*	365
=	46.05

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

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (156.005	+	150.062)	/	2 )	/	577.411	*	365 / 2
=	153.0335					/	577.411	*	365 / 2
=	48.37

IDP Education (ASX:IEL) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

IDP Education Days Sales Outstanding Related Terms

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IDP Education (ASX:IEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » IDP Education Ltd (ASX:IEL) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

IDPUF:USA 03F:Germany

Address

697 Collins Street, Level 10, Docklands, VIC, AUS, 3008

Website

https://www.idp.com

IDP Education is a global leader in English language testing and student placement services, constituting 64% and 27% of fiscal 2022 group revenue, respectively. Additionally, IDP operates English language schools, organizes education events and delivers consultancy services to education institutions, which constitutes the remainder of group revenue. Originally established in Australia as an aid body for Southeast Asia, today IDP operates one of the world's most widely accepted English language tests and one of the world's largest student placement services businesses, predominantly connecting prospective migrants from India and China to Australia, Canada, and the United Kingdom.

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