Vasta Platform (Vasta Platform) Receivables Turnover : 0.62 (As of Mar. 2024)

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What is Vasta Platform 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. Vasta Platform's Revenue for the three months ended in Mar. 2024 was $92.5 Mil. Vasta Platform's average Accounts Receivable for the three months ended in Mar. 2024 was $148.6 Mil. Hence, Vasta Platform's Receivables Turnover for the three months ended in Mar. 2024 was 0.62.

Vasta Platform Receivables Turnover Historical Data

The historical data trend for Vasta Platform'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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Vasta Platform Receivables Turnover Chart

Vasta Platform Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.72

2.04

1.81

2.26

2.28

Vasta Platform Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.59	0.44	0.49	0.95	0.62

Competitive Comparison of Vasta Platform's Receivables Turnover

For the Education & Training Services subindustry, Vasta Platform'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.

Vasta Platform's Receivables Turnover Distribution in the Education Industry

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

* The bar in red indicates where Vasta Platform's Receivables Turnover falls into.

Vasta Platform Receivables Turnover Calculation

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

Vasta Platform's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	303.333	/ (	(123.753	+	142.355)	/	2 )
=	303.333	/	133.054
=	2.28

Vasta Platform's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	92.517	/ (	(142.355	+	154.83)	/	2 )
=	92.517	/	148.5925
=	0.62

Vasta Platform (NAS:VSTA) 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.

Vasta Platform Receivables Turnover Related Terms

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Vasta Platform (Vasta Platform) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Vasta Platform Ltd (NAS:VSTA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue Paulista, 901, 5th Floor, Bela Vista, Sao Paulo, SP, BRA, CEP 01310-100

Website

https://www.vastaedu.com.br

Vasta Platform Ltd operates as an education company in Brazil, engaged in providing end-to-end educational and digital solutions that cater to all needs of private schools operating in the K-12 educational segment. Its business segments are Content and EdTech Platform, and Digital Platform. The Content and EdTech platform derives its results from educational content solutions through digital and printed content, including textbooks, learning systems and other complementary educational services. The Digital Platform enables private schools to aggregate multiple learning strategies and helps them to focus on education, through the Business' physical and digital e-commerce platform and other digital services.