EpicQuest Education Group International (EpicQuest Education Group International) Receivables Turnover : 12.46 (As of Sep. 2023)

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What is EpicQuest Education Group 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. EpicQuest Education Group International's Revenue for the six months ended in Sep. 2023 was $2.29 Mil. EpicQuest Education Group International's average Accounts Receivable for the six months ended in Sep. 2023 was $0.18 Mil. Hence, EpicQuest Education Group International's Receivables Turnover for the six months ended in Sep. 2023 was 12.46.

EpicQuest Education Group International Receivables Turnover Historical Data

The historical data trend for EpicQuest Education Group 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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EpicQuest Education Group International Receivables Turnover Chart

EpicQuest Education Group International Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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58.00

46.72

35.14

40.84

154.38

EpicQuest Education Group International Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial						15.66	47.43	142.19	10.34	12.46

Competitive Comparison of EpicQuest Education Group International's Receivables Turnover

For the Education & Training Services subindustry, EpicQuest Education Group 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.

EpicQuest Education Group International's Receivables Turnover Distribution in the Education Industry

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

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

EpicQuest Education Group International Receivables Turnover Calculation

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

EpicQuest Education Group International's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	5.712	/ (	(0	+	0.037)	/	1 )
=	5.712	/	0.037
=	154.38

EpicQuest Education Group International's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	2.292	/ (	(0.331	+	0.037)	/	2 )
=	2.292	/	0.184
=	12.46

EpicQuest Education Group International (NAS:EEIQ) 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.

EpicQuest Education Group International Receivables Turnover Related Terms

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

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 » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

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.