Perdoceo Education Corp (PRDO)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	732,186	695,895	693,473	689,494	631,716
Receivables	US$ in thousands	—	—	—	—	55,018
Receivables turnover		—	—	—	—	11.48

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $732,186K ÷ $—K
= —

Perdoceo Education Corporation's receivables turnover has shown consistent improvement over the past five years. The ratio increased from 11.13 in 2019 to 20.92 in 2023. This indicates that the company's ability to collect outstanding receivables has significantly improved. A higher receivables turnover ratio suggests that the company is more efficient in collecting payments from customers or clients.

The steady upward trend in the receivables turnover ratio reflects positively on Perdoceo Education Corporation's credit and collection policies. It implies that the company is effectively managing its accounts receivables, converting them into cash more quickly. This can lead to improved cash flow and liquidity for the company.

Overall, the increasing trend in Perdoceo Education Corporation's receivables turnover ratio signals operational efficiency and effective management of credit and collections, which are positive indicators for the company's financial health.