Ambow Education Holding (Ambow Education Holding) Days Payable

: 131.58 (As of Jun. 2023)

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Ambow Education Holding's average Accounts Payable for the three months ended in Jun. 2023 was $2.17 Mil. Ambow Education Holding's Cost of Goods Sold for the three months ended in Jun. 2023 was $1.51 Mil. Hence, Ambow Education Holding's Days Payable for the three months ended in Jun. 2023 was 131.58.

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

AMBO' s Days Payable Range Over the Past 10 Years
Min: 13.39 Med: 47.88 Max: 66.93
Current: 35.21

During the past 13 years, Ambow Education Holding's highest Days Payable was 66.93. The lowest was 13.39. And the median was 47.88.

AMBO's Days Payable is ranked worse than
50.71% of 211 companies
in the Education industry
Industry Median: 35.9 vs AMBO: 35.21

Ambow Education Holding's Days Payable increased from Jun. 2021 (18.67) to Jun. 2023 (131.58). It may suggest that Ambow Education Holding delayed paying its suppliers.

Ambow Education Holding Days Payable Historical Data

The historical data trend for Ambow Education Holding'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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Ambow Education Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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20.65

13.39

57.37

66.93

64.08

Ambow Education Holding Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															18.67	-	92.39	10.71	131.58

Competitive Comparison

For the Education & Training Services subindustry, Ambow Education Holding'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.

Ambow Education Holding Days Payable Distribution

For the Education industry and Consumer Defensive sector, Ambow Education Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Ambow Education Holding's Days Payable falls into.

Ambow Education Holding 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.

Ambow Education Holding's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2.846	+	2.392)	/	2 )	/	14.919	*	365
=	2.619					/	14.919	*	365
=	64.08

Ambow Education Holding's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (2.392	+	1.957)	/	2 )	/	1.508	*	365 / 4
=	2.1745					/	1.508	*	365 / 4
=	131.58

Ambow Education Holding Days Payable Related Terms

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Ambow Education Holding (Ambow Education Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Ambow Education Holding Ltd (AMEX:AMBO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

19925 Stevens Creek Boulevard, Cupertino, CA, USA, 95014

Website

https://www.ambow.com

Ambow Education Holding Ltd is a provider of educational and career enhancement services in China. It operates through CP&CE Programs. The CP&CE Programs include tutoring services and career enhancement services. Geographically all the operations function in United States and Foreign countries.