Cairo For Investment And Real Estate Developments CIRA Education (CAI:CIRA) Receivables Turnover : 1.30 (As of Nov. 2023)

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What is Cairo For Investment And Real Estate Developments CIRA Education Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Cairo For Investment And Real Estate Developments CIRA Education's Revenue for the three months ended in Nov. 2023 was E£804 Mil. Cairo For Investment And Real Estate Developments CIRA Education's average Accounts Receivable for the three months ended in Nov. 2023 was E£620 Mil. Hence, Cairo For Investment And Real Estate Developments CIRA Education's Receivables Turnover for the three months ended in Nov. 2023 was 1.30.

Cairo For Investment And Real Estate Developments CIRA Education Receivables Turnover Historical Data

The historical data trend for Cairo For Investment And Real Estate Developments CIRA Education's Receivables Turnover 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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Cairo For Investment And Real Estate Developments CIRA Education Receivables Turnover Chart

Cairo For Investment And Real Estate Developments CIRA Education Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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4.31

5.25

5.30

4.14

4.35

Cairo For Investment And Real Estate Developments CIRA Education Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Receivables Turnover	Get a 7-Day Free Trial															1.18	1.21	-	-	1.30

Competitive Comparison of Cairo For Investment And Real Estate Developments CIRA Education's Receivables Turnover

For the Education & Training Services subindustry, Cairo For Investment And Real Estate Developments CIRA Education's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cairo For Investment And Real Estate Developments CIRA Education's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Cairo For Investment And Real Estate Developments CIRA Education's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cairo For Investment And Real Estate Developments CIRA Education's Receivables Turnover falls into.

Cairo For Investment And Real Estate Developments CIRA Education Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Cairo For Investment And Real Estate Developments CIRA Education's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	2343.011	/ (	(457.787	+	619.588)	/	2 )
=	2343.011	/	538.6875
=	4.35

Cairo For Investment And Real Estate Developments CIRA Education's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: Aug. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	803.7	/ (	(619.588	+	0)	/	1 )
=	803.7	/	619.588
=	1.30

Cairo For Investment And Real Estate Developments CIRA Education (CAI:CIRA) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Cairo For Investment And Real Estate Developments CIRA Education Receivables Turnover Related Terms

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Cairo For Investment And Real Estate Developments CIRA Education (CAI:CIRA) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Cairo For Investment And Real Estate Developments CIRA Education (CAI:CIRA) » Definitions » Receivables Turnover

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Address

36 Sheikh Ahmed El Sawy Street, Nasr City, Cairo, EGY

Website

https://cira.com.eg

Cairo For Investment And Real Estate Developments CIRA Education Formerly Cairo Investment and Real Estate Development is an Egypt-based provider of educational services in the private sector. The company engaged in two reportable segments which include the School segment, and the Higher Education segment. The majority of revenue derives from the Higher Education segment.

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