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American Education Center (American Education Center) Receivables Turnover : 0.61 (As of Jun. 2021)


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What is American Education Center 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. American Education Center's Revenue for the three months ended in Jun. 2021 was $0.06 Mil. American Education Center's average Accounts Receivable for the three months ended in Jun. 2021 was $0.11 Mil. Hence, American Education Center's Receivables Turnover for the three months ended in Jun. 2021 was 0.61.

American Education Center Receivables Turnover Historical Data

The historical data trend for American Education Center'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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American Education Center Receivables Turnover Chart

American Education Center Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Receivables Turnover
Get a 7-Day Free Trial 6.83 5.51 1.49 1.84 0.23

American Education Center Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 Premium Member Only Premium Member Only 0.08 - 0.17 0.09 0.61

Competitive Comparison of American Education Center's Receivables Turnover

For the Consulting Services subindustry, American Education Center'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.

American Education Center's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, American Education Center's Receivables Turnover distribution charts can be found below:

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


American Education Center Receivables Turnover Calculation

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

American Education Center's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Receivables Turnover (A: Dec. 2020 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2020 ) / ((Accounts Receivable (A: Dec. 2019 ) + Accounts Receivable (A: Dec. 2020 )) / count )
=0.342 / ((2.874 + 0.142) / 2 )
=0.342 / 1.508
=0.23

American Education Center's Receivables Turnover for the quarter that ended in Jun. 2021 is calculated as

Receivables Turnover (Q: Jun. 2021 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2021 ) / ((Accounts Receivable (Q: Mar. 2021 ) + Accounts Receivable (Q: Jun. 2021 )) / count )
=0.064 / ((0.137 + 0.073) / 2 )
=0.064 / 0.105
=0.61

* 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.

American Education Center  (OTCPK:AMCT) 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.

American Education Center Receivables Turnover Related Terms

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American Education Center (American Education Center) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » American Education Center Inc (OTCPK:AMCT) » Definitions » Receivables Turnover
Comparable Companies
MSYN HKSE:08341 BOM:541735 QPRC AMMJ WAR:TLT WAR:DGA HKSE:08455 WSCO WAR:ERH
Traded in Other Exchanges
N/A
Address
1 Rockefeller Plaza, 10th Floor, New York, NY, USA, 10020
Website
https://www.aec100.com
American Education Center Inc is a United States-based company engaged in the providing of consulting services. Its Consulting services include Placement Advisory Services, Career Advisory Services, Student & Family Advisory Services, and Other Advisory Services. The company operates in two segments namely AEC New York segment and AEC BVI segment. The majority of the revenue is generated from the AEC New York segment which capitalizes middle-class families in China for quality education and works experiences in the United States( US) and delivers customized high school and college placement and career advisory services to Chinese students wishing to study in the US.