Visionary Holdings (Visionary Holdings) Receivables Turnover : 62.31 (As of Sep. 2023)

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What is Visionary Holdings 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. Visionary Holdings's Revenue for the six months ended in Sep. 2023 was $4.95 Mil. Visionary Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was $0.08 Mil. Hence, Visionary Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 62.31.

Visionary Holdings Receivables Turnover Historical Data

The historical data trend for Visionary Holdings'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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Visionary Holdings Receivables Turnover Chart

Visionary Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

16.44

22.24

185.34

Visionary Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			5.07	4.97	149.12	117.29	62.31

Competitive Comparison of Visionary Holdings's Receivables Turnover

For the Education & Training Services subindustry, Visionary Holdings'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.

Visionary Holdings's Receivables Turnover Distribution in the Education Industry

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

* The bar in red indicates where Visionary Holdings's Receivables Turnover falls into.

Visionary Holdings Receivables Turnover Calculation

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

Visionary Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	8.433	/ (	(0.002	+	0.089)	/	2 )
=	8.433	/	0.0455
=	185.34

Visionary Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	4.954	/ (	(0.089	+	0.07)	/	2 )
=	4.954	/	0.0795
=	62.31

Visionary Holdings (NAS:GV) 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.

Visionary Holdings Receivables Turnover Related Terms

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Visionary Holdings (Visionary Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Visionary Holdings Inc (NAS:GV) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

105 Moatfield Drive, Unit 1003, Toronto, ON, CAN, M3B 0A2

Website

https://www.visiongroupca.com

Visionary Education Technology Holdings Group Inc engaged in education related businesses, which includes high school education programs, real estate development, vocational education, online education and other education-related consulting services.