EDMCQ (Education Management) Days Payable: 10.20 (As of Jun. 2014)


What is Education Management Days Payable?

Education Management EDMCQ -99.00% Days Payable is 10.20 as of Jun. 2014.

Education Management's average Accounts Payable for the three months ended in Jun. 2014 was $35 Mil. Education Management's Cost of Goods Sold for the three months ended in Jun. 2014 was $314 Mil. Hence, Education Management's Days Payable for the three months ended in Jun. 2014 was 10.20.

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

EDMCQ's Days Payable is not ranked *
in the Education industry.
Industry Median: 35.12
* Ranked among companies with meaningful Days Payable only.

Education Management's Days Payable increased from Jun. 2013 (6.87) to Jun. 2014 (10.20). It may suggest that Education Management delayed paying its suppliers.

Education Management Days Payable Historical Data

* Premium members only.

The historical data trend for Education Management'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.

Education Management Days Payable Chart

Education Management Annual Data
Trend Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.96 16.07 13.77 11.02 9.45

Education Management Quarterly Data
Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
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 6.87 8.30 12.00 11.51 10.20

EDMCQ vs ZVO: Days Payable Comparison

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

Education Management Days Payable vs Education Industry

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

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


Education Management 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.

Education Management's Days Payable for the fiscal year that ended in Jun. 2014 is calculated as

Days Payable (A: Jun. 2014 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2013 ) + Accounts Payable (A: Jun. 2014 )) / count ) / Cost of Goods Sold (A: Jun. 2014 )*Days in Period
=( (32.559 + 38.553) / 2 ) / 1373.699*365
=35.556 / 1373.699*365
=9.45

Education Management's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

Days Payable (Q: Jun. 2014 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2014 ) + Accounts Payable (Q: Jun. 2014 )) / count ) / Cost of Goods Sold (Q: Jun. 2014 )*Days in Period
=( (31.594 + 38.553) / 2 ) / 313.625*365 / 4
=35.0735 / 313.625*365 / 4
=10.20

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 10.20 mean?
Education Management (EDMCQ) has a Days Payable of 10.20 as of Jun. 2014. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Education Management and its competitors.
Is Education Management's Days Payable too high?
Education Management's current Days Payable is 10.20. The Education industry median Days Payable is 35.12. Education Management's value of 10.20 is 71% below this industry median.
How does Education Management's Days Payable compare to ZVO?
Education Management's Days Payable of 10.20 can be compared against companies in the Education industry. The industry median Days Payable is 35.12. Education Management's value of 10.20 is 71% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Education company?
The median Days Payable among Education companies is 35.12, based on 209 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Education Management's current Days Payable of 10.20 is 71% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Education Management and its competitors. For the Education industry, the median Days Payable is 35.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Education Management's current Days Payable is 10.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Education Management stock overvalued right now?
Education Management (EDMCQ) has a current Days Payable of 10.20. The current Days Payable is 10.20 and 71% below the Education industry median of 35.12. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Education Management (EDMCQ), the current Days Payable is 10.20 as of Jun. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Education Management Business Description

Address 210 Sixth Avenue, 33rd Floor, Pittsburgh, PA, USA, 15222
Education Management Corp provides post-secondary education in North America. It offers academic programs to students through campus-based and online instruction, or through a combination of both. The company operates in four segments including The Art Institutes; Argosy University; Brown Mackie Colleges and South University. The Art Institutes focus on applied arts in creative professions such as graphic design, media arts, and animation, culinary arts. Brown Mackie Colleges offer flexible Associate's and non-degree diploma programs that enable students to develop skills for entry-level positions in high-demand vocational specialties. South University offers academic programs in health profession and business disciplines, health sciences, nursing, criminal justice, psychology, and IT.