ITT Educational Services (ITT Educational Services) Days Payable : 59.29 (As of Jun. 2016)

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What is ITT Educational Services Days Payable?

ITT Educational Services's average Accounts Payable for the three months ended in Jun. 2016 was $57.6 Mil. ITT Educational Services's Cost of Goods Sold for the three months ended in Jun. 2016 was $88.6 Mil. Hence, ITT Educational Services's Days Payable for the three months ended in Jun. 2016 was 59.29.

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

ESINQ's Days Payable is not ranked ^*
in the Education industry.
Industry Median: 34.775
* Ranked among companies with meaningful Days Payable only.

ITT Educational Services's Days Payable declined from Jun. 2015 (67.12) to Jun. 2016 (59.29). It may suggest that ITT Educational Services accelerated paying its suppliers.

ITT Educational Services Days Payable Historical Data

The historical data trend for ITT Educational Services'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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ITT Educational Services Days Payable Chart

ITT Educational Services Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Days Payable

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48.44

48.20

45.53

49.85

59.62

ITT Educational Services Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Days Payable	Get a 7-Day Free Trial															67.12	69.61	62.33	57.36	59.29

Competitive Comparison of ITT Educational Services's Days Payable

For the Education & Training Services subindustry, ITT Educational Services'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.

ITT Educational Services's Days Payable Distribution in the Education Industry

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

* The bar in red indicates where ITT Educational Services's Days Payable falls into.

ITT Educational Services 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.

ITT Educational Services's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

	Days Payable (A: Dec. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2014 )	+	Accounts Payable (A: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2015 )	*	Days in Period
=	( (67.848	+	59.753)	/	2 )	/	390.61	*	365
=	63.8005					/	390.61	*	365
=	59.62

ITT Educational Services's Days Payable for the quarter that ended in Jun. 2016 is calculated as:

	Days Payable (Q: Jun. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2016 )	+	Accounts Payable (Q: Jun. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2016 )	*	Days in Period
=	( (56.694	+	58.427)	/	2 )	/	88.592	*	365 / 4
=	57.5605					/	88.592	*	365 / 4
=	59.29

ITT Educational Services Days Payable Related Terms

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ITT Educational Services (ITT Educational Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » ITT Educational Services Inc (OTCPK:ESINQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

13000 North Meridian Street, Carmel, IN, USA, 46032-1404

Website

http://www.ittesi.com

ITT Educational Services Inc is a United States based proprietary provider of postsecondary degree programs in the United States based on revenue and student enrollment. The company provides technology-oriented undergraduate and graduate degree programs through its accredited postsecondary institutions, ITT Technical Institutes and Daniel Webster College, to help students develop skills and knowledge that can be used to pursue career opportunities in a variety of fields.

Executives

Tarasi Rocco F Iii	officer: EVP, Chief Financial Officer	C/O ITT EDUCATIONAL SERVICES INC, 13000 NORTH MERIDIAN STREET, CARMEL IN 46032
June M Mccormack	officer: EVP & President Online Div	13000 NORTH MERIDIAN STREET, CARMEL IN 46032
Brown C David Ii	director	3000 GALLERIA TOWER, STE 1000, BIRMINGHAM AL 35244
Thomas I Morgan	director	30541 CARNEY CREEK ROAD, BIGFORK MT 59911
Joanna T Lau	director	30 MONUMENT SQUARE, SUITE 220, CONCORD MA 01742
Ryan L Roney	officer: EVP,Chief Admin&Legal Officer	1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Richard C Blum & Associates Inc	10 percent owner	909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Blum Capital Partners Lp	10 percent owner	909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Blum Strategic Gp Iii, L.l.c.	10 percent owner	909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Blum Strategic Gp Iv, L.l.c.	10 percent owner	909 MONTOGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Saddlepoint Partners Gp, L.l.c.	10 percent owner	909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Jeffrey R Cooper	officer: SVP, Chief Compliance Officer	231 N. MARTINGALE ROAD, SCHAUMBURG IL 60173
Blum Strategic Gp Ii Llc	10 percent owner	909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Rand V Araskog	director	-, 125 WORTH AVENUE, SUITE 300, PALM BEACH FL 33480
Richard C Blum	10 percent owner	BLUM CAPITAL PARTNERS, LP, 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133