Proeduca Altus (XMAD:PRO) Receivables Turnover : 2.06 (As of Aug. 2023)

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What is Proeduca Altus 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. Proeduca Altus's Revenue for the six months ended in Aug. 2023 was €140.7 Mil. Proeduca Altus's average Accounts Receivable for the six months ended in Aug. 2023 was €68.3 Mil. Hence, Proeduca Altus's Receivables Turnover for the six months ended in Aug. 2023 was 2.06.

Proeduca Altus Receivables Turnover Historical Data

The historical data trend for Proeduca Altus'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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Proeduca Altus Receivables Turnover Chart

Proeduca Altus Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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4.64

4.34

4.84

5.10

4.62

Proeduca Altus Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Receivables Turnover	Get a 7-Day Free Trial							2.74	2.85	2.41	2.58	2.06

Competitive Comparison of Proeduca Altus's Receivables Turnover

For the Education & Training Services subindustry, Proeduca Altus'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.

Proeduca Altus's Receivables Turnover Distribution in the Education Industry

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

* The bar in red indicates where Proeduca Altus's Receivables Turnover falls into.

Proeduca Altus Receivables Turnover Calculation

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

Proeduca Altus'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 )
=	293.061	/ (	(54.222	+	72.695)	/	2 )
=	293.061	/	63.4585
=	4.62

Proeduca Altus'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 )
=	140.679	/ (	(63.845	+	72.695)	/	2 )
=	140.679	/	68.27
=	2.06

Proeduca Altus (XMAD:PRO) 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.

Proeduca Altus Receivables Turnover Related Terms

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Proeduca Altus (XMAD:PRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Proeduca Altus SA (XMAD:PRO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue De La Paz 137, Logrono, ESP, 26006

Website

https://www.grupoproeduca.com

Proeduca Altus SA is engaged in the business of providing online education. The business has its presence in Spain, Ecuador, Colombia, Mexico, Peru, Argentina, Bolivia and the USA.