Strategic Education Inc (STRA)

Receivables turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,133,551	1,103,905	1,081,092	1,066,976	1,069,225	1,071,595	1,078,450	1,094,322	1,114,981	1,106,284	1,064,163	1,018,617	1,004,460	1,000,738	1,014,628	1,015,848	997,137	975,468	894,666	764,224
Receivables	US$ in thousands	76,102	105,279	92,092	71,860	62,953	81,676	75,937	64,798	51,590	87,923	79,109	64,069	52,498	47,458	42,204	42,635	52,823	60,034	59,158	52,042
Receivables turnover		14.90	10.49	11.74	14.85	16.98	13.12	14.20	16.89	21.61	12.58	13.45	15.90	19.13	21.09	24.04	23.83	18.88	16.25	15.12	14.68

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,133,551K ÷ $76,102K
= 14.90

The receivables turnover for Strategic Education Inc has fluctuated over the past eight quarters, ranging from a low of 10.45 in Q3 2023 to a high of 16.98 in Q1 2022. An increasing trend can be observed from Q2 2022 to Q1 2023, possibly indicating more efficient management of accounts receivable during that period. The turnover ratios suggest that, on average, the company collects its accounts receivable approximately 14 times a year. It is important to further analyze the reasons behind the fluctuations in the receivables turnover to assess the company's effectiveness in collecting outstanding customer payments.