Aspen Group (XTAE:ASGR) Days Payable : 105.68 (As of Sep. 2024)

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What is Aspen Group Days Payable?

Aspen Group's average Accounts Payable for the three months ended in Sep. 2024 was ₪15.6 Mil. Aspen Group's Cost of Goods Sold for the three months ended in Sep. 2024 was ₪13.4 Mil. Hence, Aspen Group's Days Payable for the three months ended in Sep. 2024 was 105.68.

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

XTAE:ASGR' s Days Payable Range Over the Past 10 Years
Min: 20.5 Med: 53.21 Max: 97.9
Current: 66.85

During the past 12 years, Aspen Group's highest Days Payable was 97.90. The lowest was 20.50. And the median was 53.21.

XTAE:ASGR's Days Payable is ranked worse than
61.27% of 1570 companies
in the Real Estate industry
Industry Median: 97.7 vs XTAE:ASGR: 66.85

Aspen Group's Days Payable declined from Sep. 2023 (131.17) to Sep. 2024 (105.68). It may suggest that Aspen Group accelerated paying its suppliers.

Aspen Group Days Payable Historical Data

The historical data trend for Aspen 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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Aspen Group Days Payable Chart

Aspen Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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97.90

71.87

62.94

43.47

74.40

Aspen Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															131.17	39.28	80.19	96.05	105.68

Competitive Comparison of Aspen Group's Days Payable

For the Real Estate Services subindustry, Aspen 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.

Aspen Group's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Aspen Group's Days Payable distribution charts can be found below:

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

Aspen 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.

Aspen Group'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
=	( (15.724	+	16.593)	/	2 )	/	79.274	*	365
=	16.1585					/	79.274	*	365
=	74.40

Aspen Group's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (20.12	+	10.999)	/	2 )	/	13.435	*	365 / 4
=	15.5595					/	13.435	*	365 / 4
=	105.68

Aspen Group Days Payable Related Terms

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Aspen Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Aspen Group Ltd (XTAE:ASGR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

2 Ha’Shlosha Street, Edgar Building 360, 28th Floor, Tel Aviv, ISR, 6706054

Website

http://www.aspen.co.il

Aspen Group Ltd is a real estate company.It is engaged in high yield/income producing real estate development. It also develops leisure and residential projects in Israel and abroad. Its projects include Kefar Saba, Kefar Hayam, Supermarkets, Office Buildings, and Horitt Hotel.

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