FHSEY (First High-School Education Group Co) Receivables Turnover : 0.00 (As of Jun. 2024)

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What is First High-School Education Group Co 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. First High-School Education Group Co's Revenue for the three months ended in Jun. 2024 was $0.00 Mil. First High-School Education Group Co's average Accounts Receivable for the three months ended in Jun. 2024 was $11.21 Mil.

First High-School Education Group Co Receivables Turnover Historical Data

The historical data trend for First High-School Education Group Co'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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First High-School Education Group Co Receivables Turnover Chart

First High-School Education Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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32.36

16.14

11.57

5.79

3.10

First High-School Education Group Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															0.70	0.92	0.30	0.80	-

Competitive Comparison of First High-School Education Group Co's Receivables Turnover

For the Education & Training Services subindustry, First High-School Education Group Co'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.

First High-School Education Group Co's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, First High-School Education Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where First High-School Education Group Co's Receivables Turnover falls into.

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First High-School Education Group Co Receivables Turnover Calculation

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

First High-School Education Group Co'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 )
=	37.289	/ (	(12.514	+	11.513)	/	2 )
=	37.289	/	12.0135
=	3.10

First High-School Education Group Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	0	/ (	(11.513	+	10.912)	/	2 )
=	0	/	11.2125
=	N/A

First High-School Education Group Co (OTCPK:FHSEY) 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.

First High-School Education Group Co Receivables Turnover Related Terms

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First High-School Education Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » First High-School Education Group Co Ltd (OTCPK:FHSEY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1-1, Tiyuan Road, Xishan District, Yunnan Province, Kunming, CHN, 650228

Website

http://www.longspringedu.com

First High-School Education Group Co Ltd is an operator of private high schools in Western China. It promotes the reform of middle school education and teaching with the concept of double first-class university construction, introducing talents from double first-rate universities to strengthen the construction of middle school teachers, and continues to promote the connotative and high-quality development of middle school education.