China New Higher Education Group (FRA:8CN) Days Payable : 0.00 (As of Feb. 2024)

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What is China New Higher Education Group Days Payable?

China New Higher Education Group's average Accounts Payable for the six months ended in Feb. 2024 was €0.0 Mil. China New Higher Education Group's Cost of Goods Sold for the six months ended in Feb. 2024 was €101.8 Mil. Hence, China New Higher Education Group's Days Payable for the six months ended in Feb. 2024 was 0.00.

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

FRA:8CN' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 52.04
Current: 52.04

During the past 10 years, China New Higher Education Group's highest Days Payable was 52.04. The lowest was 0.00. And the median was 0.00.

FRA:8CN's Days Payable is ranked better than
63.55% of 214 companies
in the Education industry
Industry Median: 34.775 vs FRA:8CN: 52.04

China New Higher Education Group's Days Payable declined from Feb. 2023 (49.31) to Feb. 2024 (0.00). It may suggest that China New Higher Education Group accelerated paying its suppliers.

China New Higher Education Group Days Payable Historical Data

The historical data trend for China New Higher Education 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.

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China New Higher Education Group Days Payable Chart

China New Higher Education Group Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Aug20

Aug21

Aug22

Aug23

Days Payable

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China New Higher Education Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Payable	Get a 7-Day Free Trial													-	-	49.31	60.68	-

Competitive Comparison of China New Higher Education Group's Days Payable

For the Education & Training Services subindustry, China New Higher Education 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.

China New Higher Education Group's Days Payable Distribution in the Education Industry

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

* The bar in red indicates where China New Higher Education Group's Days Payable falls into.

China New Higher Education 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.

China New Higher Education Group's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	166.121	*	365
=	0					/	166.121	*	365
=	0.00

China New Higher Education Group's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	101.752	*	365 / 2
=	0					/	101.752	*	365 / 2
=	0.00

China New Higher Education Group Days Payable Related Terms

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China New Higher Education Group (FRA:8CN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China New Higher Education Group Ltd (FRA:8CN) » Definitions » Days Payable

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02001:Hong Kong

Address

5A Shuguang Xili Street, 20th floor, Tower F, Phoenix Place, Chaoyang District, Beijing, CHN

Website

https://www.xingaojiao.com

China New Higher Education Group, or CNHE, is a leading higher education group in China. Its school network spans seven provinces. Total enrolled students reached about 140,000 for the academic year 2023/24 from 33,462 students as of December 2016. The rapid expansion is primarily attributable to school acquisitions. CNHE currently operates eight schools, up from only two schools in 2016.

China New Higher Education Group (FRA:8CN) Headlines

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