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TAL Education Group (FRA:IZZ) Receivables Turnover : 0.00 (As of Nov. 2023)


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What is TAL Education Group 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. TAL Education Group's Revenue for the three months ended in Nov. 2023 was €345 Mil. TAL Education Group's average Accounts Receivable for the three months ended in Nov. 2023 was €0 Mil.


TAL Education Group Receivables Turnover Historical Data

The historical data trend for TAL Education Group'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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TAL Education Group Receivables Turnover Chart

TAL Education Group Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.43 72.02 122.83 176.04 29.58

TAL Education Group Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 - 6.00 6.05 - -

Competitive Comparison of TAL Education Group's Receivables Turnover

For the Education & Training Services subindustry, TAL Education Group'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.


TAL Education Group's Receivables Turnover Distribution in the Education Industry

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

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



TAL Education Group Receivables Turnover Calculation

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

TAL Education Group's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

Receivables Turnover (A: Feb. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Feb. 2023 ) / ((Accounts Receivable (A: Feb. 2022 ) + Accounts Receivable (A: Feb. 2023 )) / count )
=952.467 / ((22.525 + 41.867) / 2 )
=952.467 / 32.196
=29.58

TAL Education Group's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

Receivables Turnover (Q: Nov. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Nov. 2023 ) / ((Accounts Receivable (Q: Aug. 2023 ) + Accounts Receivable (Q: Nov. 2023 )) / count )
=345.12 / ((0 + 0) / 1 )
=345.12 / 0
=N/A

* 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.


TAL Education Group  (FRA:IZZ) 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.


TAL Education Group Receivables Turnover Related Terms

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TAL Education Group (FRA:IZZ) Business Description

Traded in Other Exchanges
Address
Xiaoying West Street, 5th Floor, Tower B, Heying Center, Haidian District, Beijing, CHN, 100085
TAL Education Group is a smart learning solutions provider in China. K-9 academic afterschool tutoring used to account for the majority of TAL's revenue before the regulatory changes in 2021 that imposed a nonprofit requirement on the business. After spinning off its K-9 academic afterschool tutoring business, TAL realigned its focus toward enrichment learning, content solutions, and learning technology solutions.

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