TAL Education Group (TAL Education Group) Days Payable : 48.48 (As of Nov. 2023)

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What is TAL Education Group Days Payable?

TAL Education Group's average Accounts Payable for the three months ended in Nov. 2023 was $92 Mil. TAL Education Group's Cost of Goods Sold for the three months ended in Nov. 2023 was $173 Mil. Hence, TAL Education Group's Days Payable for the three months ended in Nov. 2023 was 48.48.

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

TAL' s Days Payable Range Over the Past 10 Years
Min: 5.25 Med: 21.16 Max: 62.66
Current: 46.05

During the past 13 years, TAL Education Group's highest Days Payable was 62.66. The lowest was 5.25. And the median was 21.16.

TAL's Days Payable is ranked better than
58.96% of 212 companies
in the Education industry
Industry Median: 36.105 vs TAL: 46.05

TAL Education Group's Days Payable declined from Nov. 2022 (63.59) to Nov. 2023 (48.48). It may suggest that TAL Education Group accelerated paying its suppliers.

TAL Education Group Days Payable Historical Data

The historical data trend for TAL Education Group'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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TAL Education Group Days Payable Chart

TAL Education Group Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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25.72

27.87

42.01

36.74

62.66

TAL Education Group Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															63.59	46.37	42.80	38.86	48.48

Competitive Comparison of TAL Education Group's Days Payable

For the Education & Training Services subindustry, TAL Education Group'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.

TAL Education Group's Days Payable Distribution in the Education Industry

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

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

TAL Education Group 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.

TAL Education Group's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (89.838	+	59.991)	/	2 )	/	436.358	*	365
=	74.9145					/	436.358	*	365
=	62.66

TAL Education Group's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (73.393	+	110.61)	/	2 )	/	173.18	*	365 / 4
=	92.0015					/	173.18	*	365 / 4
=	48.48

TAL Education Group Days Payable Related Terms

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TAL Education Group (TAL Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » TAL Education Group (NYSE:TAL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TAL:Mexico 0A2X:UK IZZ:Germany IZZ:Germany T1AL34:Brazil

Address

Xiaoying West Street, 5th Floor, Tower B, Heying Center, Haidian District, Beijing, CHN, 100085

Website

http://www.100tal.com

TAL Education Group is a smart learning solutions provider in China. K-9 academic afterschool tutoring used to account for the majority of TAL's revenue before the regulatory changes in 2021 that imposed a nonprofit requirement on the business. After spinning off its K-9 academic afterschool tutoring business, TAL realigned its focus toward enrichment learning, content solutions, and learning technology solutions.