Top Education Group (HKSE:01752) Days Payable : 66.45 (As of Dec. 2023)

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What is Top Education Group Days Payable?

Top Education Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$15.4 Mil. Top Education Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$42.2 Mil. Hence, Top Education Group's Days Payable for the six months ended in Dec. 2023 was 66.45.

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

HKSE:01752' s Days Payable Range Over the Past 10 Years
Min: 38.09 Med: 44.75 Max: 71.53
Current: 59.17

During the past 9 years, Top Education Group's highest Days Payable was 71.53. The lowest was 38.09. And the median was 44.75.

HKSE:01752's Days Payable is ranked better than
68.22% of 214 companies
in the Education industry
Industry Median: 34.775 vs HKSE:01752: 59.17

Top Education Group's Days Payable increased from Dec. 2022 (62.10) to Dec. 2023 (66.45). It may suggest that Top Education Group delayed paying its suppliers.

Top Education Group Days Payable Historical Data

The historical data trend for Top 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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Top Education Group Days Payable Chart

Top Education Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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41.30

41.67

51.91

71.53

57.41

Top Education Group Semi-Annual Data
	Jun15	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											70.25	75.83	62.10	51.52	66.45

Competitive Comparison of Top Education Group's Days Payable

For the Education & Training Services subindustry, Top 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.

Top Education Group's Days Payable Distribution in the Education Industry

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

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

Top 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.

Top Education Group's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (11.152	+	13.747)	/	2 )	/	79.15	*	365
=	12.4495					/	79.15	*	365
=	57.41

Top Education Group'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
=	( (13.747	+	16.968)	/	2 )	/	42.18	*	365 / 2
=	15.3575					/	42.18	*	365 / 2
=	66.45

Top Education Group Days Payable Related Terms

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Top Education Group (HKSE:01752) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Top Education Group Ltd (HKSE:01752) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Central Avenue, Suite 1, Biomedical Building, Australian Technology Park, Eveleigh, Sydney, NSW, AUS, 2015

Website

https://www.top.edu.au

Top Education Group Ltd offers the provision of private higher education services and English language courses in Australia. The company offers Undergraduate and Postgraduate level degrees in business and accounting areas. Geographically, it operates within Australia. The company generates all of its revenue from Australia.

Executives

Hang Jian Ying	2201 Interest of corporation controlled by you
Lu Qiu Wen	2201 Interest of corporation controlled by you
Yang Qingquan	2101 Beneficial owner
Lee Amen Kwai Ping	2101 Beneficial owner
Chen Shuling	2202 Interest of your spouse
Zhao Long Ji Tuan Kong Gu You Xian Gong Si	2101 Beneficial owner
Huang Xing Shi	2103 Interests held jointly with another person
Lam Josephine Kam Shan	2202 Interest of your spouse
Tristar United Investment Limited	2103 Interests held jointly with another person
Zhu Minshen	2103 Interests held jointly with another person
Liu Zhuo	2202 Interest of your spouse
Wang Xin	2103 Interests held jointly with another person
Xin Jiang Guo Li Min Sheng Gu Quan Tou Zi You Xian Gong Si	2101 Beneficial owner
Pricewaterhousecoopers
Loyal Creation Investment Limited	2101 Beneficial owner

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