China 21st Century Education Group (HKSE:01598) Receivables Turnover : 13.13 (As of Dec. 2023)

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What is China 21st Century Education Group 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. China 21st Century Education Group's Revenue for the six months ended in Dec. 2023 was HK$249.3 Mil. China 21st Century Education Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$19.0 Mil. Hence, China 21st Century Education Group's Receivables Turnover for the six months ended in Dec. 2023 was 13.13.

China 21st Century Education Group Receivables Turnover Historical Data

The historical data trend for China 21st Century Education Group'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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China 21st Century Education Group Receivables Turnover Chart

China 21st Century Education Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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101.68

62.37

37.57

26.38

24.76

China 21st Century Education Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											17.66	10.53	11.76	15.72	13.13

Competitive Comparison of China 21st Century Education Group's Receivables Turnover

For the Education & Training Services subindustry, China 21st Century Education Group'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.

China 21st Century Education Group's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China 21st Century Education Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China 21st Century Education Group's Receivables Turnover falls into.

China 21st Century Education Group Receivables Turnover Calculation

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

China 21st Century Education Group'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 )
=	459.418	/ (	(12.943	+	24.171)	/	2 )
=	459.418	/	18.557
=	24.76

China 21st Century Education Group'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 )
=	249.301	/ (	(13.794	+	24.171)	/	2 )
=	249.301	/	18.9825
=	13.13

China 21st Century Education Group (HKSE:01598) 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.

China 21st Century Education Group Receivables Turnover Related Terms

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China 21st Century Education Group (HKSE:01598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China 21st Century Education Group Ltd (HKSE:01598) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhonghai Plaza, 15th Floor, South Tower, 8 Guanghua Dongli, Chaoyang District, Beijing, CHN, 050000

Website

https://www.21centuryedu.com

China 21st Century Education Group Ltd is an investment holding company. It is engaged in the provision of education services and related management services. The company's operating segments are Vocational education and Non-vocational education. It generates a majority of its revenue from the Vocational education business segment. Geographically, the firm generates its revenue from Mainland China.

Executives

Li Yunong	2305 Beneficiary of a trust
Li Yasheng	2305 Beneficiary of a trust
Li Yu Nong	2101 Beneficial owner
Cao Yang	2202 Interest of your spouse
Hsbc International Trustee Limited	2301 Trustee
Leonus Holdings Limited	2201 Interest of corporation controlled by you
Sainange Holdings Company Limited	2101 Beneficial owner
Sainray Limited
Cao Ji De
Luo Xin Lan

China 21st Century Education Group (HKSE:01598) Headlines

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