Alef Education Holding (ADX:ALEFEDT) Days Payable : 23.64 (As of Jun. 2024)

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What is Alef Education Holding Days Payable?

Alef Education Holding's average Accounts Payable for the three months ended in Jun. 2024 was د.إ10.6 Mil. Alef Education Holding's Cost of Goods Sold for the three months ended in Jun. 2024 was د.إ41.0 Mil. Hence, Alef Education Holding's Days Payable for the three months ended in Jun. 2024 was 23.64.

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

ADX:ALEFEDT' s Days Payable Range Over the Past 10 Years
Min: 22.75 Med: 26.95 Max: 32.89
Current: 32.89

During the past 3 years, Alef Education Holding's highest Days Payable was 32.89. The lowest was 22.75. And the median was 26.95.

ADX:ALEFEDT's Days Payable is ranked worse than
52.56% of 215 companies
in the Education industry
Industry Median: 35.47 vs ADX:ALEFEDT: 32.89

Alef Education Holding's Days Payable declined from Mar. 2023 (47.55) to Jun. 2024 (23.64). It may suggest that Alef Education Holding accelerated paying its suppliers.

Alef Education Holding Days Payable Historical Data

The historical data trend for Alef Education Holding'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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Alef Education Holding Days Payable Chart

Alef Education Holding Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

22.75

26.95

32.89

Alef Education Holding Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial			47.55	-	-	32.47	23.64

Competitive Comparison of Alef Education Holding's Days Payable

For the Education & Training Services subindustry, Alef Education Holding'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.

Alef Education Holding's Days Payable Distribution in the Education Industry

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

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

Alef Education Holding 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.

Alef Education Holding'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
=	( (22.069	+	16.65)	/	2 )	/	214.816	*	365
=	19.3595					/	214.816	*	365
=	32.89

Alef Education Holding's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (13.258	+	8.002)	/	2 )	/	41.029	*	365 / 4
=	10.63					/	41.029	*	365 / 4
=	23.64

Alef Education Holding Days Payable Related Terms

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Alef Education Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Alef Education Holding Plc (ADX:ALEFEDT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Muntazah - Ministries Complex, P.O. Box 769719, Abu Dhabi, ARE

Website

https://www.alefeducation.com

Alef Education Holding Plc is an EdTech company which designs impactful learning experiences for students customized to different curriculums.

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