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Educational Development Corp (NAS:EDUC)
Days Payable
156.47 (As of May. 2016)

Educational Development Corp's payable for the three months ended in May. 2016 was $11.44 Mil. Educational Development Corp's cost of goods sold for the three months ended in May. 2016 was $6.67 Mil. Hence, Educational Development Corp's days payable for the three months ended in May. 2016 was 156.47.

EDUC' s Days Payable Range Over the Past 10 Years
Min: 62.07   Max: 138.94
Current: 177.04

62.07
138.94

During the past 13 years, Educational Development Corp's highest Days Payable was 138.94. The lowest was 62.07. And the median was 84.44.

EDUC's Days Payable is ranked higher than
69% of the 130 Companies
in the Global Publishing industry.

( Industry Median: 80.68 vs. EDUC: 177.04 )

Educational Development Corp's days payable increased from May. 2015 (88.06) to May. 2016 (156.47). It may suggest that Educational Development Corp delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Educational Development Corp's Days Payable for the fiscal year that ended in Feb. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=7.801/20.494*365
=138.94

Educational Development Corp's Days Payable for the quarter that ended in May. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=11.444/6.674*365 / 4
=156.47

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Educational Development Corp Annual Data

Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16
DaysPayable 107.0983.4291.5178.2485.4662.0764.7688.2364.00138.94

Educational Development Corp Quarterly Data

Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16
DaysPayable 110.97108.1996.8254.2873.1288.0691.1566.41143.60156.47
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