Edvantage Group Holdings (HKSE:00382) Days Payable : 19.27 (As of Aug. 2023)

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What is Edvantage Group Holdings Days Payable?

Edvantage Group Holdings's average Accounts Payable for the six months ended in Aug. 2023 was HK$54 Mil. Edvantage Group Holdings's Cost of Goods Sold for the six months ended in Aug. 2023 was HK$511 Mil. Hence, Edvantage Group Holdings's Days Payable for the six months ended in Aug. 2023 was 19.27.

The historical rank and industry rank for Edvantage Group Holdings's Days Payable or its related term are showing as below:

HKSE:00382' s Days Payable Range Over the Past 10 Years
Min: 4.4 Med: 11.17 Max: 19.04
Current: 15.81

During the past 8 years, Edvantage Group Holdings's highest Days Payable was 19.04. The lowest was 4.40. And the median was 11.17.

HKSE:00382's Days Payable is ranked worse than
71.23% of 212 companies
in the Education industry
Industry Median: 36.105 vs HKSE:00382: 15.81

Edvantage Group Holdings's Days Payable increased from Aug. 2022 (8.84) to Aug. 2023 (19.27). It may suggest that Edvantage Group Holdings delayed paying its suppliers.

Edvantage Group Holdings Days Payable Historical Data

The historical data trend for Edvantage Group Holdings'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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Edvantage Group Holdings Days Payable Chart

Edvantage Group Holdings Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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7.55

5.06

4.40

8.13

15.53

Edvantage Group Holdings Semi-Annual Data
	Aug16	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Payable	Get a 7-Day Free Trial									7.92	5.51	8.84	13.32	19.27

Competitive Comparison of Edvantage Group Holdings's Days Payable

For the Education & Training Services subindustry, Edvantage Group Holdings'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.

Edvantage Group Holdings's Days Payable Distribution in the Education Industry

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

* The bar in red indicates where Edvantage Group Holdings's Days Payable falls into.

Edvantage Group Holdings 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.

Edvantage Group Holdings'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
=	( (30.155	+	57.547)	/	2 )	/	1030.668	*	365
=	43.851					/	1030.668	*	365
=	15.53

Edvantage Group Holdings's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2023 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (50.428	+	57.547)	/	2 )	/	511.42	*	365 / 2
=	53.9875					/	511.42	*	365 / 2
=	19.27

Edvantage Group Holdings Days Payable Related Terms

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Edvantage Group Holdings (HKSE:00382) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Edvantage Group Holdings Ltd (HKSE:00382) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Huashang Road, Licheng Street, Zengcheng, Guangzhou, CHN

Website

https://www.edvantagegroup.com.hk

Edvantage Group is a leading private education group based in Greater Bay Area. Edvantage primarily offers higher education. It also provides secondary vocational education and non-formal vocational education service.Edvantage currently operates nine schools across domestic China and overseas, and more than 98% of its revenue is generated domestically. The total number of enrolled students exceeded 95,000 as of October 2023 from 32,217 as of August 2018. The rapid expansion was achieved through organic growth and school acquisitions.

Edvantage Group Holdings (HKSE:00382) Headlines

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