Aspen Group (Aspen Group) Days Payable : 42.81 (As of Jan. 2023)

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What is Aspen Group Days Payable?

Aspen Group's average Accounts Payable for the three months ended in Jan. 2023 was $2.53 Mil. Aspen Group's Cost of Goods Sold for the three months ended in Jan. 2023 was $5.39 Mil. Hence, Aspen Group's Days Payable for the three months ended in Jan. 2023 was 42.81.

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

ASPU's Days Payable is not ranked ^*
in the Education industry.
Industry Median: 36.31
* Ranked among companies with meaningful Days Payable only.

Aspen Group's Days Payable increased from Jan. 2022 (19.23) to Jan. 2023 (42.81). It may suggest that Aspen Group delayed paying its suppliers.

Aspen Group Days Payable Historical Data

The historical data trend for Aspen 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.

* Premium members only.

Aspen Group Days Payable Chart

Aspen Group Annual Data

Trend

Feb12

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Days Payable

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55.26

44.85

30.57

18.41

17.39

Aspen Group Quarterly Data
	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Days Payable	Get a 7-Day Free Trial															19.23	19.63	16.74	33.54	42.81

Competitive Comparison of Aspen Group's Days Payable

For the Education & Training Services subindustry, Aspen 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.

Aspen Group's Days Payable Distribution in the Education Industry

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

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

Aspen 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.

Aspen Group's Days Payable for the fiscal year that ended in Apr. 2022 is calculated as

	Days Payable (A: Apr. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2021 )	+	Accounts Payable (A: Apr. 2022 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2022 )	*	Days in Period
=	( (1.466	+	1.893)	/	2 )	/	35.259	*	365
=	1.6795					/	35.259	*	365
=	17.39

Aspen Group's Days Payable for the quarter that ended in Jan. 2023 is calculated as:

	Days Payable (Q: Jan. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2022 )	+	Accounts Payable (Q: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2023 )	*	Days in Period
=	( (2.814	+	2.247)	/	2 )	/	5.394	*	365 / 4
=	2.5305					/	5.394	*	365 / 4
=	42.81

Aspen Group Days Payable Related Terms

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Aspen Group (Aspen Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Aspen Group Inc (OTCPK:ASPU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

276 Fifth Avenue, Suite 505, New York, NY, USA, 10001

Website

https://www.aspu.com

Aspen Group Inc is an education technology holding company that leverages its infrastructure and expertise to allow its two universities, Aspen University and United States University, to deliver on the vision of making college affordable again. Its only segment is the educational delivery operation using a core infrastructure that serves the curriculum and educational delivery needs of its online and campus students regardless of geography.

Executives

Michael L Koehneman	director	276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001
Douglas Kass	director	C/O EMPIRE RESOURCES, INC., ONE PARKER PLAZA, FORT LEE NJ 07024
Matthew Lavay	officer: Chief Financial Officer	C/O ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, 5TH FL, PLEASANTON CA 94588
Cheri St. Arnauld	officer: Chief Academic Officer	720 SOUTH COLORADO BOULEVARD, SUITE 1150N, DENVER CO 80246
Michael Mathews	director, officer: Chief Executive Officer	257 PARK AVENUE SOUTH, SUITE 602, NEW YORK NY 10010
Robert Alessi	officer: Chief Accounting Officer	276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001
Joan Marie Prince	director	276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001
Gerard Wendolowski	officer: Chief Operating Officer	720 SOUTH COLORADO BOULEVARD, SUITE 1150N, DENVER CO 80246
C James Jensen	director	C/O ASPEN GROUP, INC., 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001
Frank J Cotroneo	director	4400 MAIN ST, KANSAS CITY MO 64111
Anne M Mcnamara	officer: Chief Nursing Officer	276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001
Sanford Rich	director	26 BEACH DRIVE, DARIEN CT 06820
Maclean Malcolm F Iv	director	C/O ASPEN GROUP, INC., 1660 SOUTH ALBION STREET, SUITE 525, DENVER CO 80222
Joseph L. Sevely	officer: Chief Financial Officer	276 FIFTH AVENUE, SUITE 306, NEW YORK NY 10001
Janet Gill	officer: Executive Vice President	720 SOUTH COLORADO BOULEVARD, SUITE 1150N, DENVER CO 80246