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Perdoceo Education (Perdoceo Education) Days Payable : 38.21 (As of Dec. 2023)


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What is Perdoceo Education Days Payable?

Perdoceo Education's average Accounts Payable for the three months ended in Dec. 2023 was $12.7 Mil. Perdoceo Education's Cost of Goods Sold for the three months ended in Dec. 2023 was $30.2 Mil. Hence, Perdoceo Education's Days Payable for the three months ended in Dec. 2023 was 38.21.

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

PRDO' s Days Payable Range Over the Past 10 Years
Min: 23.7   Med: 32.66   Max: 40.48
Current: 38.85

During the past 13 years, Perdoceo Education's highest Days Payable was 40.48. The lowest was 23.70. And the median was 32.66.

PRDO's Days Payable is ranked better than
51.42% of 212 companies
in the Education industry
Industry Median: 36.105 vs PRDO: 38.85

Perdoceo Education's Days Payable declined from Dec. 2022 (39.17) to Dec. 2023 (38.21). It may suggest that Perdoceo Education accelerated paying its suppliers.


Perdoceo Education Days Payable Historical Data

The historical data trend for Perdoceo Education'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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Perdoceo Education Days Payable Chart

Perdoceo Education Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.11 40.48 40.44 38.08 34.01

Perdoceo Education Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.17 38.68 42.55 40.72 38.21

Competitive Comparison of Perdoceo Education's Days Payable

For the Education & Training Services subindustry, Perdoceo Education'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.


Perdoceo Education's Days Payable Distribution in the Education Industry

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

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



Perdoceo Education 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.

Perdoceo Education's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

Days Payable (A: Dec. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2022 ) + Accounts Payable (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (13.518 + 10.766) / 2 ) / 130.324*365
=12.142 / 130.324*365
=34.01

Perdoceo Education's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (14.542 + 10.766) / 2 ) / 30.223*365 / 4
=12.654 / 30.223*365 / 4
=38.21

* 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.


Perdoceo Education Days Payable Related Terms

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Perdoceo Education (Perdoceo Education) Business Description

Traded in Other Exchanges
Address
1750 E. Golf Road, Schaumburg, IL, USA, 60173
Perdoceo Education Corp is an American for-profit education company that focuses on quality postsecondary education online to a diverse student population, along with campus-based and blended learning programs. The company's important segment is its online universities, which include the American InterContinental University, and Colorado Technical University. These online universities provide undergraduate, graduate, and doctoral degree programs focusing on business, technology, management, and social services. Career Education Corporation is focusing on its online universities as it continues to reduce its on-campus program offerings. The majority of the company's revenue comes from the Colorado Technical University segment.
Executives
Todd S Nelson director, officer: President & CEO PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
John Robert Kline officer: SVP, AIU PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Michele A Peppers officer: Principal Accounting Officer PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Andrew Hurst officer: SVP PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Ashish R Ghia officer: Interim CFO PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
David C. Czeszewski officer: SVP, CIO PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Patrick W Gross director
Gregory L. Jackson director 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Leslie T Thornton director 3921 COURTLAND CIRCLE, ALEXANDRIA VA 22305
Thomas B Lally director 231 N. MARTINGALE ROAD, SCHAUMBURG IL 60173
Elise Baskel officer: SVP, CTU 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Greg E. Jansen officer: SVP, General Counsel 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Jeffrey David Ayers officer: SVP PERDOCEO EDUCATION CORPORATION, 231 N. MARTINGALE ROAD, SCHAUMBURG IL 60173
Alan Dupree Wheat director PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Richard D Wang director C/O TENZING GLOBAL MANAGEMENT LLC, 388 MARKET STREET SUITE 860, SAN FRANCISCO CA 94111