LEAI (Legacy Education Alliance) Days Payable: 558.75 (As of Mar. 2024)


What is Legacy Education Alliance Days Payable?

Legacy Education Alliance LEAI +20.00% Days Payable is 558.75 as of Mar. 2024.

Legacy Education Alliance's average Accounts Payable for the three months ended in Mar. 2024 was $2.68 Mil. Legacy Education Alliance's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.44 Mil. Hence, Legacy Education Alliance's Days Payable for the three months ended in Mar. 2024 was 558.75.

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

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

Legacy Education Alliance's Days Payable declined from Mar. 2023 (3,286.88) to Mar. 2024 (558.75). It may suggest that Legacy Education Alliance accelerated paying its suppliers.

Legacy Education Alliance Days Payable Historical Data

* Premium members only.

The historical data trend for Legacy Education Alliance'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.

Legacy Education Alliance Days Payable Chart

Legacy Education Alliance Annual Data
Trend Sep14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.65 126.65 342.57 2,049.52 4,443.37

Legacy Education Alliance Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3,286.88 2,549.30 5,296.47 243,637.50 558.75

LEAI vs TAL, EDU, LRN: Days Payable Comparison

For the Education & Training Services subindustry, Legacy Education Alliance'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.

Legacy Education Alliance Days Payable vs Education Industry

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

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


Legacy Education Alliance 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.

Legacy Education Alliance'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
=( (2.577 + 2.682) / 2 ) / 0.216*365
=2.6295 / 0.216*365
=4,443.37

Legacy Education Alliance's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

Days Payable (Q: Mar. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (2.682 + 2.682) / 2 ) / 0.438*365 / 4
=2.682 / 0.438*365 / 4
=558.75

* 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 558.75 mean?
Legacy Education Alliance (LEAI) has a Days Payable of 558.75 as of Mar. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Legacy Education Alliance and its competitors.
Is Legacy Education Alliance's Days Payable too high?
Legacy Education Alliance's current Days Payable is 558.75. The Education industry median Days Payable is 35.12. Legacy Education Alliance's value of 558.75 is 1491% above this industry median.
How does Legacy Education Alliance's Days Payable compare to TAL and EDU?
Legacy Education Alliance's Days Payable of 558.75 can be compared against companies in the Education industry. The industry median Days Payable is 35.12. Legacy Education Alliance's value of 558.75 is 1491% above 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 211 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. Legacy Education Alliance's current Days Payable of 558.75 is 1491% above 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 Legacy Education Alliance 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. Legacy Education Alliance's current Days Payable is 558.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legacy Education Alliance stock overvalued right now?
Legacy Education Alliance (LEAI) has a current Days Payable of 558.75. The current Days Payable is 558.75 and 1491% above 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 Legacy Education Alliance (LEAI), the current Days Payable is 558.75 as of Mar. 2024. 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.

Legacy Education Alliance Business Description

Address 120 N. Main Street, New City, NY, USA, 10956
Legacy Education Alliance Inc is engaged in the provision of educational training seminars, conferences, and services. It offers comprehensive instruction and mentorship in the areas of personal finance, entrepreneurship, real estate investing strategies, and techniques. Some of its brands are Homemade Investor, and Building Wealth with Legacy. Its geographical segments are North America, the United Kingdom, and Other foreign markets, of which the majority of its revenue comes from North America.