Aspen Group Inc 's ability to collect accounts receivable sequentially worsen to 3.02, indicating more challenging environment then in the second quarter 2023, but still, it is a far cry from any concerns. Aspen Group Inc 's Accounts Receivable average collection period in the Jan 31 2023 quarter, has increased to 121 days, from 112 days, in the Oct 31 2022 quarter.

If we take a look into Services sector 258 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1614, from overall ranking in the second quarter 2023 at 3844.

What is Receivable Turnover Ratio?
What is Aspen Group Inc Selling?

What is Receivable Turnover Ratio?

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ASPU Receivables Turnover Ratio	(Jan 31 2023) III. Quarter	(Oct 31 2022) II. Quarter	(Jul 31 2022) I. Quarter	(Apr 30 2022) IV. Quarter	(Jan 31 2022) III. Quarter
Y / Y Receivable Change	14.68 %	5.08 %	43.68 %	45.65 %	24.02 %
Y / Y Revenue Change	-17.79 %	-9.85 %	-2.76 %	1.72 %	13.95 %
Receivable Turnover Ratio (TTM)	3.02	3.26	3.38	3.72	4.08
ASPU's Total Ranking	# 1614	# 3844	# 3905	# 1529	# 1112
Accounts Receivable average collection period days	121	112	108	98	89
Seq. Receivable Change	0.56 %	-9.34 %	1.4 %	24.06 %	-7.86 %
Seq. Revenue Change	-8.79 %	-9.63 %	-2.5 %	2.29 %	0.02 %

Receivable Turnover Company Ranking
Within:	No.
Educational Services Industry	# 13
Services Sector	# 259
Overall Market	# 1614

Receivable Turnover Ratio Statistics
High	Average	Low
2.47	1.04	0.79
(Apr 30 2017)		(Jan 31 2023)

ASPU Company Profile • Back to ASPU Efficiency Comparisons • Compare ASPU Receivables Turnover Ratio to its Competitors

Financial Statements
Aspen Group Inc 's Accounts Receivable	$ 23 Millions	Visit ASPU's Balance sheet
Aspen Group Inc 's Sales TTM	$ 71 Millions	Visit ASPU's Income Statement
Sources of ASPU's Revenues		Visit ASPU's Sales by Geography

Other Accounts Receivable Turnover Ratios
Educational Services Industry Accounts Receivable Turnover Trends and Statistics
Services Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
ASPU's Receivable Turnover Ratio versus Educational Services Industry, Services Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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ASPU's Growth Rates	ASPU's Roa	ASPU's Inventory Turnover Ratio	ASPU's Dividend Comparisons
ASPU's Profitability Ratios	ASPU's Roi	ASPU's Asset Turnover Ratio	ASPU's Dividend Growth
ASPU's Valuation Ratios	ASPU's Roe	ASPU's Financial Strength Ratios	ASPU's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Jan 31 2023, within Services Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jan 31 2023	Receivable at quarter ending Jan 31 2023
Mays J W Inc	8.65	$ 22.596 Millions	$ 2.613 Millions
Shift4 Payments Inc	8.56	$ 1,993.600 Millions	$ 232.875 Millions
Republic Services Inc	8.53	$ 13,511.300 Millions	$ 1,584.175 Millions
Gogo Inc	8.50	$ 404.067 Millions	$ 47.529 Millions
Forrester Research Inc	8.50	$ 537.787 Millions	$ 63.305 Millions
Paymentus Holdings Inc	8.45	$ 497.001 Millions	$ 58.842 Millions
Unifirst Corporation	8.42	$ 2,056.456 Millions	$ 244.198 Millions
Faze Holdings Inc	8.42	$ 57.479 Millions	$ 6.829 Millions
Xometry Inc	8.35	$ 381.053 Millions	$ 45.635 Millions
Repay Holdings Corporation	8.29	$ 279.227 Millions	$ 33.686 Millions
Gbt Technologies Inc	8.28	$ 1.198 Millions	$ 0.145 Millions
Costar Group Inc	8.26	$ 2,182.399 Millions	$ 264.131 Millions
Gamesquare Holdings Inc	8.25	$ 70.392 Millions	$ 8.528 Millions
Value Exchange International Inc	8.24	$ 10.695 Millions	$ 1.297 Millions
Veon ltd	8.23	$ 3,755.000 Millions	$ 456.000 Millions
Liberty Latin America Ltd	8.19	$ 4,815.100 Millions	$ 588.275 Millions
Booking Holdings Inc	8.16	$ 17,090.000 Millions	$ 2,093.250 Millions
Hyatt Hotels Corporation	8.15	$ 5,891.000 Millions	$ 722.500 Millions
Aramark	8.15	$ 16,979.362 Millions	$ 2,084.299 Millions
Greentree Hospitality Group Ltd	8.11	$ 135.823 Millions	$ 16.747 Millions
Waste Management Inc	8.09	$ 19,698.000 Millions	$ 2,435.250 Millions
Direct Digital Holdings Inc	8.07	$ 88.835 Millions	$ 11.007 Millions
Nathan s Famous Inc	8.04	$ 128.143 Millions	$ 15.943 Millions
Udemy Inc	8.04	$ 629.097 Millions	$ 78.279 Millions
Pldt Inc	7.99	$ 3,771.848 Millions	$ 471.788 Millions
Huron Consulting Group Inc	7.96	$ 1,158.961 Millions	$ 145.522 Millions
Dlt Resolution Inc	7.90	$ 0.219 Millions	$ 0.028 Millions
Digital Media Solutions Inc	7.87	$ 391.148 Millions	$ 49.726 Millions
Grupo Televisa S a b	7.86	$ 3,411.577 Millions	$ 433.797 Millions
Data Call Technologies Inc	7.86	$ 0.554 Millions	$ 0.071 Millions

Date modified: 2026-10-07T00:41:49+00:00

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