Raffles Education (Raffles Education) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is Raffles 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. Raffles Education's Revenue for the three months ended in Dec. 2023 was $0.00 Mil. Raffles Education's average Accounts Receivable for the three months ended in Dec. 2023 was $2.59 Mil.

Raffles Education Receivables Turnover Historical Data

The historical data trend for Raffles 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.

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Raffles Education Receivables Turnover Chart

Raffles Education Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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42.89

29.61

14.23

15.32

30.85

Raffles Education Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.91	2.95	-	-	-

Competitive Comparison of Raffles Education's Receivables Turnover

For the Education & Training Services subindustry, Raffles 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.

Raffles Education's Receivables Turnover Distribution in the Education Industry

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

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

Raffles Education Receivables Turnover Calculation

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

Raffles Education's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	82.373	/ (	(2.82	+	2.521)	/	2 )
=	82.373	/	2.6705
=	30.85

Raffles Education'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 )
=	0	/ (	(2.521	+	2.654)	/	2 )
=	0	/	2.5875
=	N/A

Raffles Education (OTCPK:RFLFY) 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.

Raffles Education Receivables Turnover Related Terms

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Raffles Education (Raffles Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Raffles Education Ltd (OTCPK:RFLFY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NR7:Singapore

Address

111 Somerset, Unit No. 15-22, Singapore, SGP, 238164

Website

https://www.raffles.education

Raffles Education Ltd operates as an investment holding company, which engages in providing business and management consultancy services. It operates through the following business segments: Education, Education Facilities Rental Service, Real Estate Investment and Development, and Corporate and Others. The Education segment offers students a range of degree, diploma and full-time certification programmes in design and business-oriented disciplines at the post-secondary level. The Education Facilities Rental Service segment refers to the OUCHK engaging in education facilities leasing and commercial leasing for supporting facilities. The Real Estate Investment and Development segment participates in real estate investments and development.

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