China East Education Holdings (FRA:ZX3) Days Payable : 22.62 (As of Dec. 2023)

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What is China East Education Holdings Days Payable?

China East Education Holdings's average Accounts Payable for the six months ended in Dec. 2023 was €17.7 Mil. China East Education Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €143.2 Mil. Hence, China East Education Holdings's Days Payable for the six months ended in Dec. 2023 was 22.62.

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

FRA:ZX3' s Days Payable Range Over the Past 10 Years
Min: 21.38 Med: 32.19 Max: 81.18
Current: 23.19

During the past 8 years, China East Education Holdings's highest Days Payable was 81.18. The lowest was 21.38. And the median was 32.19.

FRA:ZX3's Days Payable is ranked worse than
62.15% of 214 companies
in the Education industry
Industry Median: 34.775 vs FRA:ZX3: 23.19

China East Education Holdings's Days Payable increased from Dec. 2022 (20.86) to Dec. 2023 (22.62). It may suggest that China East Education Holdings delayed paying its suppliers.

China East Education Holdings Days Payable Historical Data

The historical data trend for China East Education Holdings'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 East Education Holdings Days Payable Chart

China East Education Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.01

22.12

70.81

76.68

21.73

China East Education Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial									61.90	80.56	20.86	26.19	22.62

Competitive Comparison of China East Education Holdings's Days Payable

For the Education & Training Services subindustry, China East Education Holdings'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 East Education Holdings's Days Payable Distribution in the Education Industry

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

* The bar in red indicates where China East Education Holdings's Days Payable falls into.

China East Education Holdings 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 East Education Holdings'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
=	( (15.755	+	15.9)	/	2 )	/	265.902	*	365
=	15.8275					/	265.902	*	365
=	21.73

China East Education Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (19.594	+	15.9)	/	2 )	/	143.172	*	365 / 2
=	17.747					/	143.172	*	365 / 2
=	22.62

China East Education Holdings Days Payable Related Terms

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China East Education Holdings (FRA:ZX3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China East Education Holdings Ltd (FRA:ZX3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

00667:Hong Kong

Address

No. 1009 Xuelin Road, Vocational Education Town, Yaohai District, Anhui Province, Hefei, CHN

Website

https://www.chinaeastedu.com

China East Education is the largest vocational training education provider in China in terms of average students enrolled. It was founded in 1988 and its business spans four segments: culinary arts, information & internet technology, auto services, and fashion & beauty. It runs schools under six brands: New East, Omick, Xinhua Internet, Wisezone, Wontone, and On-mind. It also operates customized catering experience centers under Cuisine Academy. Its average students enrolled was 142,765 as of Dec. 31, 2022. In 2022, China East Education's revenue breakdown by major businesses was 59% in culinary arts, 20% in information & internet technology, 19% in auto services.

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