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Cruzeiro do Sul Educacional (BSP:CSED3) Receivables Turnover : 2.34 (As of Dec. 2023)


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What is Cruzeiro do Sul Educacional 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. Cruzeiro do Sul Educacional's Revenue for the three months ended in Dec. 2023 was R$599 Mil. Cruzeiro do Sul Educacional's average Accounts Receivable for the three months ended in Dec. 2023 was R$256 Mil. Hence, Cruzeiro do Sul Educacional's Receivables Turnover for the three months ended in Dec. 2023 was 2.34.


Cruzeiro do Sul Educacional Receivables Turnover Historical Data

The historical data trend for Cruzeiro do Sul Educacional'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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Cruzeiro do Sul Educacional Receivables Turnover Chart

Cruzeiro do Sul Educacional Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
9.62 9.71 10.05 9.63

Cruzeiro do Sul Educacional Quarterly Data
Mar19 Jun19 Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.44 2.46 2.62 2.29 2.34

Competitive Comparison of Cruzeiro do Sul Educacional's Receivables Turnover

For the Education & Training Services subindustry, Cruzeiro do Sul Educacional'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.


Cruzeiro do Sul Educacional's Receivables Turnover Distribution in the Education Industry

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

* The bar in red indicates where Cruzeiro do Sul Educacional's Receivables Turnover falls into.



Cruzeiro do Sul Educacional Receivables Turnover Calculation

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

Cruzeiro do Sul Educacional'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 )
=2297.787 / ((215.995 + 261.128) / 2 )
=2297.787 / 238.5615
=9.63

Cruzeiro do Sul Educacional'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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=599.268 / ((250.444 + 261.128) / 2 )
=599.268 / 255.786
=2.34

* 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.


Cruzeiro do Sul Educacional  (BSP:CSED3) 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.


Cruzeiro do Sul Educacional Receivables Turnover Related Terms

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Cruzeiro do Sul Educacional (BSP:CSED3) Business Description

Traded in Other Exchanges
N/A
Address
Rua Cesario Galeno, 448/475 - Tatuape, Sao Paulo, SP, BRA, 03071-000
Cruzeiro do Sul Educacional SA is engaged in the business of providing education services. It provides higher education, graduate programs, postgraduate courses, childhood education, and technical education.

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