Strategic Education Inc (STRA)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,135,410	1,068,950	1,135,240	980,332	997,137
Receivables	US$ in thousands	76,102	62,953	51,590	52,498	52,823
Receivables turnover		14.92	16.98	22.01	18.67	18.88

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,135,410K ÷ $76,102K
= 14.92

The receivables turnover for Strategic Education Inc has shown a decreasing trend over the past five years. In 2023, the receivables turnover was 14.89, lower than the previous year's turnover of 16.93. This suggests that the company took longer to collect its accounts receivable in 2023 compared to 2022. However, it is important to note that the turnover ratio was still relatively high, indicating that the company is efficient in collecting its receivables.

Looking back further, the receivables turnover was even higher in 2021 at 21.94, which indicates that the company was collecting its receivables at a faster rate that year. In 2020 and 2019, the turnover ratios were 19.92 and 19.35, respectively, showing a consistent performance in receivables management during those years.

Overall, while there has been a slight decrease in receivables turnover in recent years, Strategic Education Inc has generally shown efficiency in collecting its accounts receivable, which is a positive indicator of the company's financial health and management of its working capital.