Nido Education (ASX:NDO) Receivables Turnover : 23.74 (As of Dec. 2023)

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What is Nido Education 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. Nido Education's Revenue for the six months ended in Dec. 2023 was A$58.71 Mil. Nido Education's average Accounts Receivable for the six months ended in Dec. 2023 was A$2.47 Mil. Hence, Nido Education's Receivables Turnover for the six months ended in Dec. 2023 was 23.74.

Nido Education Receivables Turnover Historical Data

The historical data trend for Nido Education'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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Nido Education Receivables Turnover Chart

Nido Education Annual Data

Trend

Dec22

Dec23

Receivables Turnover

13.17

29.97

Nido Education Semi-Annual Data
	Dec22	Jun23	Dec23
Receivables Turnover	-	9.22	23.74

Competitive Comparison of Nido Education's Receivables Turnover

For the Education & Training Services subindustry, Nido Education'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.

Nido Education's Receivables Turnover Distribution in the Education Industry

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

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

Nido Education Receivables Turnover Calculation

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

Nido Education'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 )
=	93.372	/ (	(4.4	+	1.83)	/	2 )
=	93.372	/	3.115
=	29.97

Nido Education'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	58.707	/ (	(3.116	+	1.83)	/	2 )
=	58.707	/	2.473
=	23.74

Nido Education (ASX:NDO) 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.

Nido Education Receivables Turnover Related Terms

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Nido Education (ASX:NDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Nido Education Ltd (ASX:NDO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Park Avenue, Suite 3, Drummoyne, NSW, AUS, 2047

Website

https://nidoeducation.edu.au

Nido Education Ltd is a company engaged in long day early childhood education and care services across Australia. It offers exceptional education and care for children, from six weeks, through to school age, in a safe, comfortable, nurturing and peaceful environment.

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