17 Education & Technology Group (17 Education & Technology Group) Receivables Turnover : 0.67 (As of Dec. 2023)

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What is 17 Education & Technology Group 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. 17 Education & Technology Group's Revenue for the three months ended in Dec. 2023 was $6.63 Mil. 17 Education & Technology Group's average Accounts Receivable for the three months ended in Dec. 2023 was $9.91 Mil. Hence, 17 Education & Technology Group's Receivables Turnover for the three months ended in Dec. 2023 was 0.67.

17 Education & Technology Group Receivables Turnover Historical Data

The historical data trend for 17 Education & Technology Group'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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17 Education & Technology Group Receivables Turnover Chart

17 Education & Technology Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.25

3.60

17 Education & Technology Group Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial														1.19	0.27	1.49	0.63	0.67

Competitive Comparison of 17 Education & Technology Group's Receivables Turnover

For the Education & Training Services subindustry, 17 Education & Technology Group'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.

17 Education & Technology Group's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, 17 Education & Technology Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where 17 Education & Technology Group's Receivables Turnover falls into.

17 Education & Technology Group Receivables Turnover Calculation

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

17 Education & Technology Group'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 )
=	23.944	/ (	(4.995	+	8.292)	/	2 )
=	23.944	/	6.6435
=	3.60

17 Education & Technology Group'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	6.631	/ (	(11.529	+	8.292)	/	2 )
=	6.631	/	9.9105
=	0.67

17 Education & Technology Group (NAS:YQ) 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.

17 Education & Technology Group Receivables Turnover Related Terms

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17 Education & Technology Group (17 Education & Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » 17 Education & Technology Group Inc (NAS:YQ) » Definitions » Receivables Turnover

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Address

Wangjing Greenland Center, 16th Floor, Block B, Chaoyang District, Beijing, CHN, 100102

Website

https://ucenter.17zuoye.com

17 Education & Technology Group Inc is an education technology company in China. It offers to assist students, teachers, schoolmasters, and educational authorities across China to achieve data-driven teaching, learning, and assessment. Geographically group operates in China.