IDP Education (ASX:IEL) Receivables Turnover : 3.77 (As of Dec. 2023)

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What is IDP Education Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. IDP Education's Revenue for the six months ended in Dec. 2023 was A$577 Mil. IDP Education's average Accounts Receivable for the six months ended in Dec. 2023 was A$153 Mil. Hence, IDP Education's Receivables Turnover for the six months ended in Dec. 2023 was 3.77.

IDP Education Receivables Turnover Historical Data

The historical data trend for IDP Education's Receivables Turnover 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 Receivables Turnover Chart

IDP Education Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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11.05

9.02

7.80

9.80

7.93

IDP Education Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial												5.65	4.93	4.96	3.62	3.77

Competitive Comparison of IDP Education's Receivables Turnover

For the Education & Training Services subindustry, IDP Education's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, IDP Education's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where IDP Education's Receivables Turnover falls into.

IDP Education Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

IDP Education's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	981.916	/ (	(91.751	+	156.005)	/	2 )
=	981.916	/	123.878
=	7.93

IDP Education's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	577.411	/ (	(156.005	+	150.062)	/	2 )
=	577.411	/	153.0335
=	3.77

IDP Education (ASX:IEL) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

IDP Education Receivables Turnover 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 » Receivables Turnover

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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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