Zovio (ZVOI) Days Payable

: 61.93 (As of Sep. 2022)

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Zovio's average Accounts Payable for the three months ended in Sep. 2022 was $11.2 Mil. Zovio's Cost of Goods Sold for the three months ended in Sep. 2022 was $16.6 Mil. Hence, Zovio's Days Payable for the three months ended in Sep. 2022 was 61.93.

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

ZVOI's Days Payable is not ranked ^*
in the Education industry.
Industry Median: 36.105
* Ranked among companies with meaningful Days Payable only.

Zovio's Days Payable increased from Sep. 2021 (24.35) to Sep. 2022 (61.93). It may suggest that Zovio delayed paying its suppliers.

Zovio Days Payable Historical Data

The historical data trend for Zovio'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.

* Premium members only.

Zovio Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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7.86

9.16

11.84

19.00

19.61

Zovio Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Payable	Get a 7-Day Free Trial															24.35	18.35	18.24	23.13	61.93

Competitive Comparison

For the Education & Training Services subindustry, Zovio'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.

Zovio Days Payable Distribution

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

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

Zovio 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.

Zovio's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (11.246	+	5.967)	/	2 )	/	160.177	*	365
=	8.6065					/	160.177	*	365
=	19.61

Zovio's Days Payable for the quarter that ended in Sep. 2022 is calculated as:

	Days Payable (Q: Sep. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (7.791	+	14.683)	/	2 )	/	16.558	*	365 / 4
=	11.237					/	16.558	*	365 / 4
=	61.93

Zovio Days Payable Related Terms

Thank you for viewing the detailed overview of Zovio's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Zovio (ZVOI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Zovio Inc (OTCPK:ZVOI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1811 E. Northrop Boulevard, Chandler, AZ, USA, 85286

Website

https://www.zovio.com

Zovio Inc is an education technology services company that partners with higher education institutions and employers to deliver solutions to help learners and leaders achieve their aspirations. It has developed tools for faculty and administration. The company's Faculty Management System (FMS) supports faculty onboarding, scheduling, payroll, professional development, faculty credentials, and more.

Executives

Randy J Hendricks	director, officer: Chief Executive Officer	C/O ZOVIO INC, 1811 EAST NORTHROP BLVD, CHANDLER AZ 85286
Wilson John Silvanus Jr.	director	C/O ZOVIO INC, 1811 EAST NORTHROP BOULEVARD, CHANDLER AZ 85286
Ron Huberman	director	3980 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169
George P. Pernsteiner	director	C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123
John Kiely	director	C/O ZOVIO INC, 1811 E NORTHROP BLVD, CHANDLER AZ 85286
Ryan Craig	director	C/O BPE 13500 EVENING CREEK DRIVE NORTH, SUITE 600, SAN DIEGO CA 92128
Steve Burkholder	officer: VP, Chief Accounting Officer	C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123
Michael P Cole	director	1165 NORTH CLARK STREET, 4TH FLOOR, CHICAGO IL 60610
Andrew S. Clark	director, officer: CEO and President	C/O BPE 13500 EVENING CREEK DRIVE NORTH, SUITE 600, SAN DIEGO CA 92128
Umang Jain	officer: SVP, Chief Technology Officer	C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123
Robert D Hartman	director	20410 NORTH 19TH AVENUE, PHOENIX AZ 85027
John Semel	officer: Chief Strategy Officer	JOHN WILEY & SONS, INC., 111 RIVER STREET, HOBOKEN NJ 07030
Gregory K. Finkelstein	officer: Chief Operating Officer	C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123
Kirsten Marriner	director	900 OMNICARE CENTER, 201 E. 4TH STREET, CINCINNATI OH 45202
Teresa Carroll	director	999 WEST BIG BEAVER ROAD, TROY MI 48084