Grand Canyon Education (Grand Canyon Education) Days Sales Outstanding

: 30.05 (As of Dec. 2023)

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Grand Canyon Education's average Accounts Receivable for the three months ended in Dec. 2023 was $91.6 Mil. Grand Canyon Education's Revenue for the three months ended in Dec. 2023 was $278.3 Mil. Hence, Grand Canyon Education's Days Sales Outstanding for the three months ended in Dec. 2023 was 30.05.

The historical rank and industry rank for Grand Canyon Education's Days Sales Outstanding or its related term are showing as below:

LOPE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.73 Med: 17.46 Max: 29.67
Current: 29.47

During the past 13 years, Grand Canyon Education's highest Days Sales Outstanding was 29.67. The lowest was 3.73. And the median was 17.46.

LOPE's Days Sales Outstanding is ranked worse than
50.81% of 248 companies
in the Education industry
Industry Median: 28.47 vs LOPE: 29.47

Grand Canyon Education's Days Sales Outstanding declined from Dec. 2022 (31.50) to Dec. 2023 (30.05).

Grand Canyon Education Days Sales Outstanding Historical Data

The historical data trend for Grand Canyon Education's Days Sales Outstanding 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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Grand Canyon Education Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

22.45

24.03

26.92

29.53

29.67

Grand Canyon Education Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding																31.50	32.83	27.57	26.55	30.05

Competitive Comparison

For the Education & Training Services subindustry, Grand Canyon Education's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Grand Canyon Education Days Sales Outstanding Distribution

For the Education industry and Consumer Defensive sector, Grand Canyon Education's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Grand Canyon Education's Days Sales Outstanding falls into.

Grand Canyon Education Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Grand Canyon Education's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (77.413	+	78.811)	/	2 )	/	960.899	*	365
=	78.112					/	960.899	*	365
=	29.67

Grand Canyon Education's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (104.475	+	78.811)	/	2 )	/	278.284	*	365 / 4
=	91.643					/	278.284	*	365 / 4
=	30.05

Grand Canyon Education (NAS:LOPE) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Grand Canyon Education Days Sales Outstanding Related Terms

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Grand Canyon Education (Grand Canyon Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Grand Canyon Education Inc (NAS:LOPE) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

GKD:Germany

Address

2600 West Camelback Road, Phoenix, AZ, USA, 85017

Website

https://www.gcu.edu

Grand Canyon Education, Inc is a publicly traded education services company dedicated to serving colleges and universities. GCE's most significant university partner is Grand Canyon University, an Arizona non-profit corporation that operates a comprehensive regionally accredited university that offers graduate and undergraduate degree programs, emphases and certificates across nine colleges both online, on ground at its campus in Phoenix, Arizona and at four off-site classroom and laboratory sites. The Company generates all of its revenue through services agreements with its university partners.

Executives

Jack A Henry	director	C/O SIERRA BLANCA VENTURES, 1211 E. MISSOURI AVENUE, SUITE 222, PHOENIX AZ 85014
Lisa Graham Keegan	director	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Lori Browning	officer: Chief Accounting Officer	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Kathy J. Claypatch	officer: Chief Information Officer	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Sara R. Dial	director	3300 W. CAMELBACK ROAD, SCOTTSDALE AZ 85017
David Adame	director	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Brian E Mueller	officer: Chief Executive Officer	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017
William Stan Meyer	officer: Executive Vice President	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017
Joseph N Mildenhall	officer: Chief Information Officer	3300 W. CAMELBACK AVENUE, PHOENIX AZ 85017
Daniel E Bachus	officer: Chief Financial Officer	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017
Dilek Marsh	officer: Chief Data Officer	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Daniel J. Briggs	officer: Orbis Education, CEO	2600 WEST CAMELBACK ROAD, PHOENIX AZ 85017
Chevy Humphrey	director	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Brian M Roberts	officer: General Counsel	18835 N. THOMPSON PEAK PARKWAY, SUITE 300 & 380, SCOTTSDALE AZ 85255
Brent D. Richardson	director, 10 percent owner, officer: Executive Chairman	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017