First High School Education Group Co Ltd 's ability to collect accounts receivable sequentially worsen to 0.89, indicating more challenging environment then in the third quarter 2023, but still, it is a far cry from any concerns. First High School Education Group Co Ltd 's Accounts Receivable average collection period in the Dec 31 2023 quarter, has increased to 410 days, from 281 days, in the 0 quarter.

If we take a look into Services sector 513 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 2980, from overall ranking in the third quarter 2023 at 3197.

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What is Receivable Turnover Ratio?

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FHSEY Receivables Turnover Ratio	(Dec 31 2023) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Dec 31 2022) IV. Quarter
Y / Y Receivable Change	85.51 %	85.51 %	85.51 %	85.51 %	279.68 %
Y / Y Revenue Change	-22.26 %	-	-	-	-14.42 %
Receivable Turnover Ratio (TTM)	0.89	1.3	1.49	1.76	2.13
FHSEY's Total Ranking	# 2980	# 3197	# 0	# 2539	# 0
Accounts Receivable average collection period days	409	281	244	208	171
Seq. Receivable Change	0 %	0 %	0 %	85.51 %	0 %
Seq. Revenue Change	-	-	-	-	-

Receivable Turnover Company Ranking
Within:	No.
Educational Services Industry	# 29
Services Sector	# 514
Overall Market	# 2980

Receivable Turnover Ratio Statistics
High	Average	Low
0.7	0.48	0.27
(Dec 31 2020)		(Dec 31 2023)

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

Financial Statements
First High School Education Group Co Ltd 's Accounts Receivable	$ 44 Millions	Visit FHSEY's Balance sheet
First High School Education Group Co Ltd 's Sales TTM	$ 40 Millions	Visit FHSEY's Income Statement
Sources of FHSEY's Revenues		Visit FHSEY'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
FHSEY'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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FHSEY's Growth Rates	FHSEY's Roa	FHSEY's Inventory Turnover Ratio	FHSEY's Dividend Comparisons
FHSEY's Profitability Ratios	FHSEY's Roi	FHSEY's Asset Turnover Ratio	FHSEY's Dividend Growth
FHSEY's Valuation Ratios	FHSEY's Roe	FHSEY's Financial Strength Ratios	FHSEY's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Services Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2023	Receivable at quarter ending Dec 31 2023
Interpublic Group Of Companies Inc	2.45	$ 10,889.300 Millions	$ 4,444.625 Millions
36kr Holdings Inc	2.42	$ 50.029 Millions	$ 20.702 Millions
Phoenix New Media Limited	2.36	$ 97.798 Millions	$ 41.388 Millions
GlobalTech Corp	2.33	$ 10.614 Millions	$ 4.554 Millions
Mondee Holdings Inc	2.15	$ 223.325 Millions	$ 104.088 Millions
Classover Holdings Inc	2.13	$ 13.327 Millions	$ 6.261 Millions
Mobiquity Technologies Inc	2.13	$ 0.860 Millions	$ 0.404 Millions
Criteo S a	2.10	$ 1,022.044 Millions	$ 485.719 Millions
Pcs Edventures Inc	2.02	$ 0.747 Millions	$ 0.370 Millions
China Liberal Education Holdings Limited	1.99	$ 2.886 Millions	$ 1.453 Millions
Chicken Soup For The Soul Entertainment inc	1.93	$ 294.407 Millions	$ 152.274 Millions
Omnicom Group Inc	1.93	$ 14,692.200 Millions	$ 7,616.975 Millions
Wilhelmina International Inc	1.81	$ 17.212 Millions	$ 9.520 Millions
Dlocal Limited	1.79	$ 650.351 Millions	$ 363.374 Millions
Remark Holdings Inc	1.68	$ 4.402 Millions	$ 2.624 Millions
Flywheel Advanced Technology Inc	1.68	$ 2.074 Millions	$ 1.238 Millions
Corpay Inc	1.57	$ 3,757.719 Millions	$ 2,392.518 Millions
Wpp Plc	1.38	$ 14,844.800 Millions	$ 10,781.343 Millions
Cmg Holdings Group Inc	1.27	$ 2.035 Millions	$ 1.605 Millions
Tim S a	1.22	$ 4,528.440 Millions	$ 3,709.766 Millions
Nuscale Power Corporation	1.15	$ 21.849 Millions	$ 19.057 Millions
Fangdd Network Group Ltd	0.91	$ 40.135 Millions	$ 44.316 Millions
Hirequest Inc	0.78	$ 37.882 Millions	$ 48.443 Millions
Wex Inc	0.70	$ 2,548.000 Millions	$ 3,626.100 Millions
Mdjm Ltd	0.69	$ 0.145 Millions	$ 0.211 Millions
Atif Holdings Ltd	0.60	$ 0.400 Millions	$ 0.668 Millions
Rocky Mountain Industrials Inc	0.35	$ 0.566 Millions	$ 1.631 Millions
Airnet Technology Inc	0.28	$ 0.845 Millions	$ 2.972 Millions

Date modified: 2026-09-08T15:11:16+00:00

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