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. 2U's Revenue for the
three
months ended in Dec. 2023 was $255.7 Mil. 2U's average Accounts Receivable for the
three
months ended in Dec. 2023 was $57.2 Mil.
Hence, 2U's Receivables Turnover for the
three
months ended in Dec. 2023 was 4.47.
2U Receivables Turnover Historical Data
The historical data trend for 2U'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.
Competitive Comparison of 2U's Receivables Turnover
For the Education & Training Services subindustry, 2U'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.
2U's Receivables Turnover Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, 2U's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where 2U's Receivables Turnover falls into.
2U Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
2U's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
2U (NAS:TWOU) 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.
2U Receivables Turnover Related Terms
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2U Inc provides educational technology services for nonprofit colleges and universities. It builds, delivers, and monitors educational platforms that enable online delivery of degree programs and alternative credentials such as short technical courses. The company provides cloud-based software-as-a-service platform and various technology-enabled services such as learning technology, live class application monitoring, content development, marketing, among others that help its clients to reach students globally. It is organized in two reportable business segments: Degree Program segment and Alternative Credential segment. The vast majority of revenue comes from the company's Degree Program segment, and most of the company's revenue is earned in the United States.
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