HQ Global Education (HQ Global Education) Days Payable : 15.90 (As of Nov. 2011)

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What is HQ Global Education Days Payable?

HQ Global Education's average Accounts Payable for the three months ended in Nov. 2011 was $1.98 Mil. HQ Global Education's Cost of Goods Sold for the three months ended in Nov. 2011 was $11.37 Mil. Hence, HQ Global Education's Days Payable for the three months ended in Nov. 2011 was 15.90.

The historical rank and industry rank for HQ Global Education's Days Payable or its related term are showing as below:

HQGE's Days Payable is not ranked ^*
in the Media - Diversified industry.
Industry Median: 82.44
* Ranked among companies with meaningful Days Payable only.

HQ Global Education's Days Payable declined from Nov. 2010 (19.49) to Nov. 2011 (15.90). It may suggest that HQ Global Education accelerated paying its suppliers.

HQ Global Education Days Payable Historical Data

The historical data trend for HQ Global Education's Days Payable 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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HQ Global Education Days Payable Chart

HQ Global Education Annual Data

Trend

Feb08

Feb09

Aug10

Days Payable

28.55

HQ Global Education Quarterly Data
	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11
Days Payable	Get a 7-Day Free Trial											19.49	23.61	12.91	28.16	15.90

Competitive Comparison of HQ Global Education's Days Payable

For the Entertainment subindustry, HQ Global Education's Days Payable, along with its competitors' market caps and Days Payable 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.

HQ Global Education's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, HQ Global Education's Days Payable distribution charts can be found below:

* The bar in red indicates where HQ Global Education's Days Payable falls into.

HQ Global Education Days Payable Calculation

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

HQ Global Education's Days Payable for the fiscal year that ended in Aug. 2010 is calculated as

	Days Payable (A: Aug. 2010 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2009 )	+	Accounts Payable (A: Aug. 2010 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2010 )	*	Days in Period
=	( (0	+	2.278)	/	1 )	/	29.123	*	365
=	2.278					/	29.123	*	365
=	28.55

HQ Global Education's Days Payable for the quarter that ended in Nov. 2011 is calculated as:

	Days Payable (Q: Nov. 2011 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2011 )	+	Accounts Payable (Q: Nov. 2011 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2011 )	*	Days in Period
=	( (2.389	+	1.573)	/	2 )	/	11.367	*	365 / 4
=	1.981					/	11.367	*	365 / 4
=	15.90

HQ Global Education Days Payable Related Terms

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HQ Global Education (HQ Global Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » HQ Global Education Inc (OTCPK:HQGE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 City Boulevard West, Suite 1700, Orange, CA, USA, 92868

Website

https://www.hqgeinc.com

HQ Global Education Inc is the provider of comprehensive film and TV production services. The company offers a wide array of film and TV production resources for small Indie productions through to full theatrical projects. Its products and services include film and television; producing; financing; and optioning.

HQ Global Education (HQ Global Education) Headlines

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