Grand Canyon Education Inc (LOPE)

Receivables turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Revenue (ttm) US$ in thousands 1,033,000 1,018,705 1,002,326 985,433 960,866 941,291 928,099 917,277 911,304 657,601 654,907 655,883 647,885 880,309 871,749 855,720 839,694 812,574 805,522 792,740
Receivables US$ in thousands 83,553 118,206 34,958 137,248 80,315 108,245 33,719 105,535 85,761 104,759 34,694 102,006 75,179 96,910 21,218 92,553 63,777 93,192 22,238 79,075
Receivables turnover 12.36 8.62 28.67 7.18 11.96 8.70 27.52 8.69 10.63 6.28 18.88 6.43 8.62 9.08 41.09 9.25 13.17 8.72 36.22 10.03

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,033,000K ÷ $83,553K
= 12.36

The receivables turnover ratio of Grand Canyon Education Inc fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio measures the efficiency with which the company collects its accounts receivable during a given period. A higher turnover ratio indicates that the company is collecting its receivables more quickly.

The data shows that the receivables turnover ratio ranged from a low of 6.28 (September 30, 2022) to a high of 41.09 (June 30, 2021) during the period under review. The peak in June 30, 2021, suggests that the company was exceptionally efficient in collecting its receivables at that time. Conversely, the lowest point in September 30, 2022, indicates a slowdown in the collection of accounts receivable.

Overall, there were fluctuations in the receivables turnover ratio, which could be attributed to various factors such as changes in the company's credit policies, customer payment behaviors, or economic conditions impacting the timing of receivables collections. It is essential for Grand Canyon Education Inc to monitor this ratio closely to ensure efficient management of its accounts receivable and maintain healthy cash flow levels.