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TAL Education Group (NYSE:XRS)
Days Accounts Payable
7.45 (As of Aug. 2014)

TAL Education Group's accounts payable for the three months ended in Aug. 2014 was $4.3 Mil. TAL Education Group's cost of goods sold for the three months ended in Aug. 2014 was $53.2 Mil. Hence, TAL Education Group's days accounts payable for the three months ended in Aug. 2014 was 7.45.

TAL Education Group's days accounts payable increased from Aug. 2013 (4.20) to Aug. 2014 (7.45). It may suggest that TAL Education Group delayed paying its suppliers.


Definition

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

TAL Education Group's Days Accounts Payable for the fiscal year that ended in Feb. 2014 is calculated as

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=2.349/151.543*365
=5.66

TAL Education Group's Days Accounts Payable for the quarter that ended in Aug. 2014 is calculated as:

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=4.345/53.238*365 / 4
=7.45

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


Related Terms

Accounts Payable, COGS


Historical Data

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

TAL Education Group Annual Data

Feb09Feb10Feb11Feb12Feb13Feb14
Days Accts Payable 0.000.000.000.000.009.585.9210.946.345.66

TAL Education Group Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
Days Accts Payable 9.759.1812.335.840.004.205.355.267.777.45
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