Grand Canyon Education (Grand Canyon Education) Change In Receivables : $-9.1 Mil (TTM As of Mar. 2024)

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What is Grand Canyon Education Change In Receivables?

Grand Canyon Education's change in receivables for the quarter that ended in Mar. 2024 was $-32.9 Mil. It means Grand Canyon Education's Accounts Receivable increased by $32.9 Mil from Dec. 2023 to Mar. 2024 .

Grand Canyon Education's change in receivables for the fiscal year that ended in Dec. 2023 was $-1.4 Mil. It means Grand Canyon Education's Accounts Receivable increased by $1.4 Mil from Dec. 2022 to Dec. 2023 .

Grand Canyon Education's Accounts Receivable for the quarter that ended in Mar. 2024 was $111.7 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. Grand Canyon Education's Days Sales Outstanding for the three months ended in Mar. 2024 was 37.11.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Grand Canyon Education's liquidation value for the three months ended in Mar. 2024 was $98.4 Mil.

Grand Canyon Education Change In Receivables Historical Data

The historical data trend for Grand Canyon Education'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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Grand Canyon Education Change In Receivables Chart

Grand Canyon Education Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.77

-13.25

-2.86

-7.35

-1.40

Grand Canyon Education Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-25.16	77.89	-79.79	25.66	-32.90

Grand Canyon Education 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.1 Mil.

Grand Canyon Education (NAS:LOPE) 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.

Grand Canyon Education's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	111.71	/	274.675	*	91
=	37.11

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

Grand Canyon Education's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	290.693	-	276.124	+	0.75 * 111.71	+	0.5 * 0
=	98.4

Grand Canyon Education Change In Receivables Related Terms

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Grand Canyon Education (Grand Canyon Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Grand Canyon Education Inc (NAS:LOPE) » Definitions » Change In Receivables

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Traded in Other Exchanges

GKD:Germany

Address

2600 West Camelback Road, Phoenix, AZ, USA, 85017

Website

https://www.gcu.edu

Grand Canyon Education, Inc is a publicly traded education services company dedicated to serving colleges and universities. GCE's most significant university partner is Grand Canyon University, an Arizona non-profit corporation that operates a comprehensive regionally accredited university that offers graduate and undergraduate degree programs, emphases and certificates across nine colleges both online, on ground at its campus in Phoenix, Arizona and at four off-site classroom and laboratory sites. The Company generates all of its revenue through services agreements with its university partners.

Executives

Jack A Henry	director	C/O SIERRA BLANCA VENTURES, 1211 E. MISSOURI AVENUE, SUITE 222, PHOENIX AZ 85014
Lisa Graham Keegan	director	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Lori Browning	officer: Chief Accounting Officer	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Kathy J. Claypatch	officer: Chief Information Officer	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Sara R. Dial	director	3300 W. CAMELBACK ROAD, SCOTTSDALE AZ 85017
David Adame	director	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Brian E Mueller	officer: Chief Executive Officer	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017
William Stan Meyer	officer: Executive Vice President	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017
Joseph N Mildenhall	officer: Chief Information Officer	3300 W. CAMELBACK AVENUE, PHOENIX AZ 85017
Daniel E Bachus	officer: Chief Financial Officer	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017
Dilek Marsh	officer: Chief Data Officer	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Daniel J. Briggs	officer: Orbis Education, CEO	2600 WEST CAMELBACK ROAD, PHOENIX AZ 85017
Chevy Humphrey	director	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Brian M Roberts	officer: General Counsel	18835 N. THOMPSON PEAK PARKWAY, SUITE 300 & 380, SCOTTSDALE AZ 85255
Brent D. Richardson	director, 10 percent owner, officer: Executive Chairman	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017