Wah Fu Education Group Limited Receivables

Receivables of WAFU for past 10 years: annual, quarterly and twelve month trailing (TTM) including Receivables growth rates and interactive chart. Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivables are listed on the balance sheet as a current asset. AR is any amount of money owed by customers for purchases made on credit. When a company makes a sale, it records revenues and a corresponding balance in accounts receivable. When an invoice is paid, the accounts payable account is reduced and cash is received. Receivables should grow in-line with revenue over time, if they are growing much faster, a company might be booking revenue too aggressively.

Highlights and Quick Summary

  • Receivables for the quarter ending September 29, 2020 was $3.72 Million (a 13.97% increase compared to previous quarter)
  • Year-over-year quarterly Receivables increased by 58.64%
  • Annual Receivables for 2020 was $3.27 Million (a 39.19% increase from previous year)
  • Annual Receivables for 2019 was $2.35 Million (a -25.29% decrease from previous year)
  • Annual Receivables for 2018 was $3.14 Million (a 222.88% increase from previous year)
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Historical Receivables of Wah Fu Education Group Limited

Most recent Receivablesof WAFU including historical data for past 10 years.

Interactive Chart of Receivables of Wah Fu Education Group Limited

Wah Fu Education Group Limited Receivables for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $3.72 $3.27 $3.27
2019 $0.94 $2.35 $2.35
2018 $3.14
2017 $0.97
2016 $1.1

Business Profile of Wah Fu Education Group Limited

Sector: Consumer Defensive
Industry: Education & Training Services
Wah Fu Education Group Limited, through its subsidiaries, provides online exam preparation services and related technology solutions in the People's Republic of China. The company operates in two segments, Online Education Services; and Technological Development and Operation Services. The Online Education Services segment offers online education platforms to institutions, such as universities and training institutions, and online course development service companies. This segment provides self-study examination, continuing education, and non-diploma training platforms that allow students to enroll in courses for college credit; vocational education 1+X and higher vocational enrollment expansion teaching and educational administration platform; Huafu e-school system and paperless examination platform; and online training and examination preparation services directly to students. The Technological Development and Operation Services segment develops and maintains online education platforms and online courses for its clients, including universities and government agencies, as well as private clients, such as publishers; and provides consulting, maintenance, and updating services related to online education programs. Wah Fu Education Group Limited was founded in 1999 and is headquartered in Beijing, the People's Republic of China.