LXEH (Lixiang Education Holding Co) Days Payable : 12.45 (As of Jun. 2024)

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What is Lixiang Education Holding Co Days Payable?

Lixiang Education Holding Co's average Accounts Payable for the six months ended in Jun. 2024 was $0.14 Mil. Lixiang Education Holding Co's Cost of Goods Sold for the six months ended in Jun. 2024 was $2.08 Mil. Hence, Lixiang Education Holding Co's Days Payable for the six months ended in Jun. 2024 was 12.45.

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

LXEH' s Days Payable Range Over the Past 10 Years
Min: 10.38 Med: 88.21 Max: 836.7
Current: 10.38

During the past 6 years, Lixiang Education Holding Co's highest Days Payable was 836.70. The lowest was 10.38. And the median was 88.21.

LXEH's Days Payable is ranked worse than
77.52% of 218 companies
in the Education industry
Industry Median: 36.785 vs LXEH: 10.38

Lixiang Education Holding Co's Days Payable declined from Jun. 2023 (19.12) to Jun. 2024 (12.45). It may suggest that Lixiang Education Holding Co accelerated paying its suppliers.

Lixiang Education Holding Co Days Payable Historical Data

The historical data trend for Lixiang Education Holding Co'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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Lixiang Education Holding Co Days Payable Chart

Lixiang Education Holding Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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836.70

251.22

126.18

41.09

15.96

Lixiang Education Holding Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial							51.14	24.21	19.12	10.32	12.45

Competitive Comparison of Lixiang Education Holding Co's Days Payable

For the Education & Training Services subindustry, Lixiang Education Holding Co'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.

Lixiang Education Holding Co's Days Payable Distribution in the Education Industry

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

* The bar in red indicates where Lixiang Education Holding Co's Days Payable falls into.

Lixiang Education Holding Co 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.

Lixiang Education Holding Co'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
=	( (0.363	+	0.211)	/	2 )	/	6.562	*	365
=	0.287					/	6.562	*	365
=	15.96

Lixiang Education Holding Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.211	+	0.072)	/	2 )	/	2.075	*	365 / 2
=	0.1415					/	2.075	*	365 / 2
=	12.45

Lixiang Education Holding Co Days Payable Related Terms

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Lixiang Education Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Lixiang Education Holding Co Ltd (NAS:LXEH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 818 Hua Yuan Street, Liandu District, Zhejiang Province, Lishui, CHN, 323000

Website

https://www.lixiangeh.com

Lixiang Education Holding Co Ltd is a private primary and secondary education service provider in Lishui City, Zhejiang Province. Its private education services primarily include primary and middle school education from grade 1 to grade 9. The company also offers high school education services at its High School Divisions.