Educational Development (Educational Development) Change In Receivables : $3.83 Mil (TTM As of Nov. 2023)

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What is Educational Development Change In Receivables?

Educational Development's change in receivables for the quarter that ended in Nov. 2023 was $0.13 Mil. It means Educational Development's Accounts Receivable declined by $0.13 Mil from Aug. 2023 to Nov. 2023 .

Educational Development's change in receivables for the fiscal year that ended in Feb. 2023 was $0.73 Mil. It means Educational Development's Accounts Receivable declined by $0.73 Mil from Feb. 2022 to Feb. 2023 .

Educational Development's Accounts Receivable for the quarter that ended in Nov. 2023 was $1.85 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Educational Development's Days Sales Outstanding for the three months ended in Nov. 2023 was 9.94.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Educational Development's liquidation value for the three months ended in Nov. 2023 was $-19.75 Mil.

Educational Development Change In Receivables Historical Data

The historical data trend for Educational Development's Change In Receivables 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.

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Educational Development Change In Receivables Chart

Educational Development Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Change In Receivables

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-0.42

0.23

-0.52

-0.41

0.73

Educational Development Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Change In Receivables	Get a 7-Day Free Trial															-1.79	2.79	0.22	0.70	0.13

Educational Development Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.83 Mil.

Educational Development (NAS:EDUC) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Educational Development's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.845	/	16.945	*	91
=	9.94

2. In Ben Graham's calculation of liquidation value, Educational Development's accounts receivable are only considered to be worth 75% of book value:

Educational Development's liquidation value for the quarter that ended in Nov. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.141	-	48.384	+	0.75 * 1.845	+	0.5 * 48.228
=	-19.75

Educational Development Change In Receivables Related Terms

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Educational Development (Educational Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Educational Development Corp (NAS:EDUC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

5402 South 122nd East Avenue, Tulsa, OK, USA, 74146

Website

https://www.edcpub.com

Educational Development Corp is the United States trade publisher of the line of educational children's books produced in the United Kingdom. Its business activity functions with two reportable segments: Direct Sales Division segment and Publishing Division segment. The Publishing Division segment markets its products to retail accounts, which include the book, school supplies, toy and gift stores and museums, through commissioned sales representatives, trade and specialty wholesalers and an internal telesales group. The Direct Sales Division segment sells their books and products through independent brand partners direct to the customer. It derives a majority of revenue from the Direct sales division segment.

Executives

O Keefe Daniel E	officer: Chief Financial Officer	1221 E HOUSTON, BROKEN ARROW OK 74012
Heather N. Cobb	officer: Chief Sales & Marketing Offcr	5402 S. 122ND ST. EAST AVE., TULSA OK 74137
Craig M White	officer: VP, Operations	10302 E 55TH PL, TULSA OK 74146
Bradely Von Stoots	director	5402 S. 122ND EAST AVE, TULSA OK 74146
Randall W White	director, 10 percent owner, officer: President & CEO
Joshua J Peters	director	5402 S. 122ND EAST AVE, TULSA OK 74146
Ronald T Mcdaniel	officer: Vice President
Besty Richert	director	5402 S. 122ND EAST AVE, TULSA OK 74146
Kara Gae Neal	director	5402 S. 122ND EAST AVE, TULSA OK 74146
James F Lewis	director
G Dean Cosgrove	director
William C Fossett	officer: Controller & Corporate Secreta
John A Clerico	director	3132 S COLUMBIA CIRCLE, TULSA OK 74105
Robert D Berryhill	director	PO BOX 1120, BIXBY OK 74008
Kathy Slemp	officer: Vice President