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China YuHua Education (HKSE:06169) Receivables Turnover : 123.26 (As of Aug. 2023)


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What is China YuHua 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. China YuHua Education's Revenue for the six months ended in Aug. 2023 was HK$1,286 Mil. China YuHua Education's average Accounts Receivable for the six months ended in Aug. 2023 was HK$10 Mil. Hence, China YuHua Education's Receivables Turnover for the six months ended in Aug. 2023 was 123.26.


China YuHua Education Receivables Turnover Historical Data

The historical data trend for China YuHua 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.

* Premium members only.

China YuHua Education Receivables Turnover Chart

China YuHua Education Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 154.63 135.42 215.59 225.38 243.27

China YuHua Education Semi-Annual Data
Aug14 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 87.76 123.85 109.97 109.54 123.26

Competitive Comparison of China YuHua Education's Receivables Turnover

For the Education & Training Services subindustry, China YuHua 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.


China YuHua Education's Receivables Turnover Distribution in the Education Industry

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

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



China YuHua Education Receivables Turnover Calculation

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

China YuHua Education's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

Receivables Turnover (A: Aug. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Aug. 2023 ) / ((Accounts Receivable (A: Aug. 2022 ) + Accounts Receivable (A: Aug. 2023 )) / count )
=2569.98 / ((12.581 + 8.548) / 2 )
=2569.98 / 10.5645
=243.27

China YuHua Education's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

Receivables Turnover (Q: Aug. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Aug. 2023 ) / ((Accounts Receivable (Q: Feb. 2023 ) + Accounts Receivable (Q: Aug. 2023 )) / count )
=1286.472 / ((12.326 + 8.548) / 2 )
=1286.472 / 10.437
=123.26

* 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.


China YuHua Education  (HKSE:06169) 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 YuHua Education Receivables Turnover Related Terms

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China YuHua Education (HKSE:06169) Business Description

Traded in Other Exchanges
Address
3 Mazhuang Street, No. 21, 4th Floor, Block 10, Zhengdong New District, Zhengzhou, CHN
China YuHua Education is a leading private education provider based in Henan, China. It currently offers higher education and secondary education after the deconsolidation of K-9 schools in 2021. YuHua operates 10 schools across mainland China and overseas as of August 2023. Total enrolled students reached 125,631 as of February 2023, ranking fourth among listed private higher education providers in China.

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