Zovio (ZVOI) Change In Receivables : $1.1 Mil (TTM As of Sep. 2022)

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What is Zovio Change In Receivables?

Zovio's change in receivables for the quarter that ended in Sep. 2022 was $-0.7 Mil. It means Zovio's Accounts Receivable increased by $0.7 Mil from Jun. 2022 to Sep. 2022 .

Zovio's change in receivables for the fiscal year that ended in Dec. 2021 was $-3.7 Mil. It means Zovio's Accounts Receivable increased by $3.7 Mil from Dec. 2020 to Dec. 2021 .

Zovio's Accounts Receivable for the quarter that ended in Sep. 2022 was $5.4 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Zovio's Days Sales Outstanding for the three months ended in Sep. 2022 was 21.69.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zovio's liquidation value for the three months ended in Sep. 2022 was $-48.2 Mil.

Zovio Change In Receivables Historical Data

The historical data trend for Zovio's Change In Receivables 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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Zovio Change In Receivables Chart

Zovio Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Change In Receivables

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-30.34

-27.01

-18.54

-17.67

-3.66

Zovio Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Change In Receivables	Get a 7-Day Free Trial															-0.71	-1.32	2.83	0.28	-0.67

Zovio Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.1 Mil.

Zovio (OTCPK:ZVOI) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Zovio's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.36	/	22.545	*	91
=	21.69

2. In Ben Graham's calculation of liquidation value, Zovio's accounts receivable are only considered to be worth 75% of book value:

Zovio's liquidation value for the quarter that ended in Sep. 2022 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.308	-	55.546	+	0.75 * 5.36	+	0.5 * 0
=	-48.2

Zovio Change In Receivables Related Terms

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Zovio (ZVOI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Zovio Inc (OTCPK:ZVOI) » Definitions » Change In Receivables

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Address

1811 E. Northrop Boulevard, Chandler, AZ, USA, 85286

Website

https://www.zovio.com

Zovio Inc is an education technology services company that partners with higher education institutions and employers to deliver solutions to help learners and leaders achieve their aspirations. It has developed tools for faculty and administration. The company's Faculty Management System (FMS) supports faculty onboarding, scheduling, payroll, professional development, faculty credentials, and more.

Executives

Randy J Hendricks	director, officer: Chief Executive Officer	C/O ZOVIO INC, 1811 EAST NORTHROP BLVD, CHANDLER AZ 85286
Wilson John Silvanus Jr.	director	C/O ZOVIO INC, 1811 EAST NORTHROP BOULEVARD, CHANDLER AZ 85286
Ron Huberman	director	3980 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169
George P. Pernsteiner	director	C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123
John Kiely	director	C/O ZOVIO INC, 1811 E NORTHROP BLVD, CHANDLER AZ 85286
Ryan Craig	director	C/O BPE 13500 EVENING CREEK DRIVE NORTH, SUITE 600, SAN DIEGO CA 92128
Steve Burkholder	officer: VP, Chief Accounting Officer	C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123
Michael P Cole	director	1165 NORTH CLARK STREET, 4TH FLOOR, CHICAGO IL 60610
Andrew S. Clark	director, officer: CEO and President	C/O BPE 13500 EVENING CREEK DRIVE NORTH, SUITE 600, SAN DIEGO CA 92128
Umang Jain	officer: SVP, Chief Technology Officer	C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123
Robert D Hartman	director	20410 NORTH 19TH AVENUE, PHOENIX AZ 85027
John Semel	officer: Chief Strategy Officer	JOHN WILEY & SONS, INC., 111 RIVER STREET, HOBOKEN NJ 07030
Gregory K. Finkelstein	officer: Chief Operating Officer	C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123
Kirsten Marriner	director	900 OMNICARE CENTER, 201 E. 4TH STREET, CINCINNATI OH 45202
Teresa Carroll	director	999 WEST BIG BEAVER ROAD, TROY MI 48084