EDTK (Skillful Craftsman Education Technology) Receivables Turnover : 11.33 (As of Sep. 2024)

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What is Skillful Craftsman Education Technology 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. Skillful Craftsman Education Technology's Revenue for the six months ended in Sep. 2024 was $0.12 Mil. Skillful Craftsman Education Technology's average Accounts Receivable for the six months ended in Sep. 2024 was $0.01 Mil. Hence, Skillful Craftsman Education Technology's Receivables Turnover for the six months ended in Sep. 2024 was 11.33.

Skillful Craftsman Education Technology Receivables Turnover Historical Data

The historical data trend for Skillful Craftsman Education Technology'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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Skillful Craftsman Education Technology Receivables Turnover Chart

Skillful Craftsman Education Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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107.93

357.90

137.21

31.90

8.60

Skillful Craftsman Education Technology Semi-Annual Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial									37.22	13.47	4.79	5.84	11.33

Competitive Comparison of Skillful Craftsman Education Technology's Receivables Turnover

For the Education & Training Services subindustry, Skillful Craftsman Education Technology'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.

Skillful Craftsman Education Technology's Receivables Turnover Distribution in the Education Industry

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

* The bar in red indicates where Skillful Craftsman Education Technology's Receivables Turnover falls into.

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Skillful Craftsman Education Technology Receivables Turnover Calculation

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

Skillful Craftsman Education Technology's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	1.999	/ (	(0.458	+	0.007)	/	2 )
=	1.999	/	0.2325
=	8.60

Skillful Craftsman Education Technology's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	0.119	/ (	(0.007	+	0.014)	/	2 )
=	0.119	/	0.0105
=	11.33

Skillful Craftsman Education Technology (NAS:EDTK) 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.

Skillful Craftsman Education Technology Receivables Turnover Related Terms

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Skillful Craftsman Education Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Skillful Craftsman Education Technology Ltd (NAS:EDTK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 311, Yanxin Road, Floor 4, Building 1, Jiangsu Province, Huishan District, Wuxi, CHN, 214000

Website

https://www.kingwayup.com

Skillful Craftsman Education Technology Ltd provides online education and technology services in China. The services comprises of two aspects - Online vocational training and Virtual simulation experimental training. It covers a wide range of subjects, including mechanics, electronics, auto repair and construction. Majority of its revenues are generated from the People's Republic of China.