Franklin Covey Co (Franklin Covey Co) Days Payable : 42.21 (As of Feb. 2024)

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What is Franklin Covey Co Days Payable?

Franklin Covey Co's average Accounts Payable for the three months ended in Feb. 2024 was $6.7 Mil. Franklin Covey Co's Cost of Goods Sold for the three months ended in Feb. 2024 was $14.5 Mil. Hence, Franklin Covey Co's Days Payable for the three months ended in Feb. 2024 was 42.21.

The historical rank and industry rank for Franklin Covey Co's Days Payable or its related term are showing as below:

FC' s Days Payable Range Over the Past 10 Years
Min: 38.98 Med: 52.96 Max: 58.09
Current: 38.98

During the past 13 years, Franklin Covey Co's highest Days Payable was 58.09. The lowest was 38.98. And the median was 52.96.

FC's Days Payable is ranked better than
52.36% of 212 companies
in the Education industry
Industry Median: 36.105 vs FC: 38.98

Franklin Covey Co's Days Payable declined from Feb. 2023 (48.20) to Feb. 2024 (42.21). It may suggest that Franklin Covey Co accelerated paying its suppliers.

Franklin Covey Co Days Payable Historical Data

The historical data trend for Franklin Covey Co'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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Franklin Covey Co Days Payable Chart

Franklin Covey Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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53.77

52.56

44.75

53.35

47.28

Franklin Covey Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															48.20	41.34	33.28	34.44	42.21

Competitive Comparison of Franklin Covey Co's Days Payable

For the Education & Training Services subindustry, Franklin Covey Co'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.

Franklin Covey Co's Days Payable Distribution in the Education Industry

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

* The bar in red indicates where Franklin Covey Co's Days Payable falls into.

Franklin Covey Co 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.

Franklin Covey Co's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (10.864	+	6.501)	/	2 )	/	67.031	*	365
=	8.6825					/	67.031	*	365
=	47.28

Franklin Covey Co's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (5.667	+	7.734)	/	2 )	/	14.485	*	365 / 4
=	6.7005					/	14.485	*	365 / 4
=	42.21

Franklin Covey Co Days Payable Related Terms

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Franklin Covey Co (Franklin Covey Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Franklin Covey Co (NYSE:FC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 West Parkway Boulevard, Salt Lake City, UT, USA, 84119-2331

Website

https://www.franklincovey.com

Franklin Covey Co is a global company focused on organizational performance improvement. It focuses on providing time management and effectiveness training for individuals and corporations via online training as well as in-person workshops and events. The company provides training and consulting services in the areas of leadership, execution, productivity, trust, sales performance, customer loyalty, and educational improvement. It operates in the business segments of Direct Offices, Education practice, and International Licensees. The company derives revenue from providing training and consulting services, and through the selling of books, audio media, and other related products. It has a business presence in the United States and other international countries.

Executives

Meisha Sherman	officer: CPO	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119-2099
Jennifer C. Colosimo	officer: President, Enterprise Division	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Efrain Rivera	director	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Paul S Walker	director, officer: CEO, Director	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Covey Michael Sean Merrill	officer: President, Education Division	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Dom Colleen D	officer: COO	2200 WEST PARKWAY BLVD, SALT LAKE CITY UT 84119
Craig Cuffie	director	2200 WEST PARKWAY BOULEVARD, SALT LAKE CITY UT 84119
Esther Kay Stepp	director
Nancy R Phillips	director	1515 BROADWAY, NEW YORK NY 10036
Michael Fung	director	2200 WEST PARKWAY BLVD, SALT LAKE CITY UT 84119
Donald J Mcnamara	director	4200 TEXAS COMMERCE TOWER WEST, 2200 ROSS AVE SUITE 4200, DALLAS TX 75201
Knowledge Capital Investment Group	10 percent owner	4200 CHASE TOWER WEST, 2200 ROSS AVENUE, DALLAS TX 75201
Van Bever Derek C M	director	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Scott Jeffery Miller	officer: EVP Bus Development/Marketing	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Joel Clinton Peterson	director	C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101