Corinthian Colleges (FRA:CH7) Receivables Turnover : 20.81 (As of Jun. 2013)

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What is Corinthian Colleges 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. Corinthian Colleges's Revenue for the six months ended in Jun. 2013 was €1,213 Mil. Corinthian Colleges's average Accounts Receivable for the six months ended in Jun. 2013 was €68 Mil. Hence, Corinthian Colleges's Receivables Turnover for the six months ended in Jun. 2013 was 17.91.

Corinthian Colleges Receivables Turnover Historical Data

The historical data trend for Corinthian Colleges'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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Corinthian Colleges Receivables Turnover Chart

Corinthian Colleges Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Receivables Turnover

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15.42

23.08

13.29

13.17

17.91

Corinthian Colleges Semi-Annual Data
	Jun98	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Receivables Turnover	Get a 7-Day Free Trial											19.82	18.51	11.07	16.59	20.81

Competitive Comparison of Corinthian Colleges's Receivables Turnover

For the Education & Training Services subindustry, Corinthian Colleges'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.

Corinthian Colleges's Receivables Turnover Distribution in the Education Industry

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

* The bar in red indicates where Corinthian Colleges's Receivables Turnover falls into.

Corinthian Colleges Receivables Turnover Calculation

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

Corinthian Colleges's Receivables Turnover for the fiscal year that ended in Jun. 2013 is calculated as

	Receivables Turnover (A: Jun. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2013 )	/ (	(Accounts Receivable (A: Jun. 2012 )	+	Accounts Receivable (A: Jun. 2013 ))	/	count )
=	1212.955	/ (	(77.151	+	58.283)	/	2 )
=	1212.955	/	67.717
=	17.91

Corinthian Colleges's Receivables Turnover for the quarter that ended in Jun. 2013 is calculated as

	Receivables Turnover (Q: Jun. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2013 )	/ (	(Accounts Receivable (Q: Jun. 2012 )	+	Accounts Receivable (Q: Jun. 2013 ))	/	count )
=	1212.955	/ (	(77.151	+	58.283)	/	2 )
=	1212.955	/	67.717
=	17.91

Corinthian Colleges (FRA:CH7) 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.

Corinthian Colleges Receivables Turnover Related Terms

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Corinthian Colleges (FRA:CH7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Corinthian Colleges Inc (FRA:CH7) » Definitions » Receivables Turnover

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Address

Website

http://www.cci.edu

Corinthian Colleges Inc is a post-secondary education company in the United States and Canada. It offers diploma programs and associate, bachelors and master's degrees through a single operating segment. As of June 30, 2013, it has a student enrollment of 81,284 and operated 97 schools in 25 states, and 14 schools in the province of Ontario, Canada. The Company has acquired 76 colleges including the Heald acquisition and has opened 35 branch campuses. Its training program areas include healthcare, criminal justice, business, mechanical, trades, and information technology. The Company's diploma programs provide students with the requisite knowledge and job skills for entry-level positions in their chosen career.Key elements of its operating strategy includes emphasize Student Outcomes, create an Effective Learning Environment, focus on Attractive Markets, manage School and Program Performance, Standardize Key Business Processes and Centralize Key Functions.

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