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ATA Creativity Global (ATA Creativity Global) Receivables Turnover : 26.57 (As of Mar. 2024)


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What is ATA Creativity Global 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. ATA Creativity Global's Revenue for the three months ended in Mar. 2024 was $6.68 Mil. ATA Creativity Global's average Accounts Receivable for the three months ended in Mar. 2024 was $0.25 Mil. Hence, ATA Creativity Global's Receivables Turnover for the three months ended in Mar. 2024 was 26.57.


ATA Creativity Global Receivables Turnover Historical Data

The historical data trend for ATA Creativity Global'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.

* Premium members only.

ATA Creativity Global Receivables Turnover Chart

ATA Creativity Global Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 293.47 132.61 129.58 60.17 53.89

ATA Creativity Global 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.63 68.39 128.28 66.16 26.57

Competitive Comparison of ATA Creativity Global's Receivables Turnover

For the Education & Training Services subindustry, ATA Creativity Global'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.


ATA Creativity Global's Receivables Turnover Distribution in the Education Industry

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

* The bar in red indicates where ATA Creativity Global's Receivables Turnover falls into.



ATA Creativity Global Receivables Turnover Calculation

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

ATA Creativity Global'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 )
=31.038 / ((0.839 + 0.313) / 2 )
=31.038 / 0.576
=53.89

ATA Creativity Global'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 )
=6.683 / ((0.313 + 0.19) / 2 )
=6.683 / 0.2515
=26.57

* 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.


ATA Creativity Global  (NAS:AACG) 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.


ATA Creativity Global Receivables Turnover Related Terms

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ATA Creativity Global (ATA Creativity Global) Business Description

Traded in Other Exchanges
Address
No. 39 Dong San Huan Zhong Road, 1st Floor East Gate, Building No. 2, Jian Wai Soho, Chao Yang District, Beijing, CHN, 100022
ATA Creativity Global is an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity. The operating segments are Overseas art study services, Other educational services and K-12 education assessment and other services. Majority of its revenue comes from Overseas art study services.