Keypath Education International (ASX:KED) Receivables Turnover : 8.06 (As of Dec. 2023)

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What is Keypath Education International 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. Keypath Education International's Revenue for the six months ended in Dec. 2023 was A$100.0 Mil. Keypath Education International's average Accounts Receivable for the six months ended in Dec. 2023 was A$12.4 Mil. Hence, Keypath Education International's Receivables Turnover for the six months ended in Dec. 2023 was 8.06.

Keypath Education International Receivables Turnover Historical Data

The historical data trend for Keypath Education International'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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Keypath Education International Receivables Turnover Chart

Keypath Education International Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

5.07

6.91

9.18

Keypath Education International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			4.95	5.79	5.92	8.52	8.06

Competitive Comparison of Keypath Education International's Receivables Turnover

For the Education & Training Services subindustry, Keypath Education International'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.

Keypath Education International's Receivables Turnover Distribution in the Education Industry

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

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

Keypath Education International Receivables Turnover Calculation

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

Keypath Education International'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 )
=	185.01	/ (	(23.396	+	16.894)	/	2 )
=	185.01	/	20.145
=	9.18

Keypath Education International'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 )
=	99.962	/ (	(16.894	+	7.897)	/	2 )
=	99.962	/	12.3955
=	8.06

Keypath Education International (ASX:KED) 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.

Keypath Education International Receivables Turnover 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 » Receivables Turnover

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.