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GuruFocus has detected 4 Warning Signs with Educational Development Corp $EDUC.
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Educational Development Corp (NAS:EDUC)
Days Payable
262.20 (As of Feb. 2017)

Educational Development Corp's payable for the three months ended in Feb. 2017 was $17.6 Mil. Educational Development Corp's cost of goods sold for the three months ended in Feb. 2017 was $6.1 Mil. Hence, Educational Development Corp's days payable for the three months ended in Feb. 2017 was 262.20.

EDUC' s Days Payable Range Over the Past 10 Years
Min: 62.07   Max: 224.07
Current: 224.07

62.07
224.07

During the past 13 years, Educational Development Corp's highest Days Payable was 224.07. The lowest was 62.07. And the median was 84.44.

EDUC's Days Payable is ranked higher than
85% of the 128 Companies
in the Global Publishing industry.

( Industry Median: 63.67 vs. EDUC: 224.07 )

Educational Development Corp's days payable increased from Feb. 2016 (143.60) to Feb. 2017 (262.20). 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. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=17.565/28.614*365
=224.06

Educational Development Corp's Days Payable for the quarter that ended in Feb. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=17.565/6.113*365 / 4
=262.20

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Educational Development Corp Annual Data

Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16Feb17
DaysPayable 83.4291.5178.2485.4662.0764.7688.2364.00138.94224.06

Educational Development Corp Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
DaysPayable 54.2873.1288.0691.1566.41143.60156.47179.94160.96262.20
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