Ambow Education Holding (Ambow Education Holding) Receivables Turnover : 0.96 (As of Jun. 2023)

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What is Ambow Education Holding 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. Ambow Education Holding's Revenue for the three months ended in Jun. 2023 was $2.73 Mil. Ambow Education Holding's average Accounts Receivable for the three months ended in Jun. 2023 was $2.84 Mil. Hence, Ambow Education Holding's Receivables Turnover for the three months ended in Jun. 2023 was 0.96.

Ambow Education Holding Receivables Turnover Historical Data

The historical data trend for Ambow Education Holding'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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Ambow Education Holding Receivables Turnover Chart

Ambow Education Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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32.10

6.37

7.00

7.69

4.30

Ambow Education Holding Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															-	2.25	10.01	0.96	-

Competitive Comparison of Ambow Education Holding's Receivables Turnover

For the Education & Training Services subindustry, Ambow Education Holding'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.

Ambow Education Holding's Receivables Turnover Distribution in the Education Industry

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

* The bar in red indicates where Ambow Education Holding's Receivables Turnover falls into.

Ambow Education Holding Receivables Turnover Calculation

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

Ambow Education Holding'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 )
=	9.163	/ (	(1.983	+	2.28)	/	2 )
=	9.163	/	2.1315
=	4.30

Ambow Education Holding's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	2.728	/ (	(1.983	+	3.69)	/	2 )
=	2.728	/	2.8365
=	0.96

Ambow Education Holding (AMEX:AMBO) 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.

Ambow Education Holding Receivables Turnover Related Terms

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Ambow Education Holding (Ambow Education Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Ambow Education Holding Ltd (AMEX:AMBO) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

19925 Stevens Creek Boulevard, Cupertino, CA, USA, 95014

Website

https://www.ambow.com

Ambow Education Holding Ltd is a provider of educational and career enhancement services in China. It operates through CP&CE Programs. The CP&CE Programs include tutoring services and career enhancement services. Geographically all the operations function in United States and Foreign countries.