Embark Early Education (ASX:EVO) Days Payable : 50.64 (As of Dec. 2023)

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What is Embark Early Education Days Payable?

Embark Early Education's average Accounts Payable for the six months ended in Dec. 2023 was A$1.36 Mil. Embark Early Education's Cost of Goods Sold for the six months ended in Dec. 2023 was A$4.91 Mil. Hence, Embark Early Education's Days Payable for the six months ended in Dec. 2023 was 50.64.

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

ASX:EVO' s Days Payable Range Over the Past 10 Years
Min: 10.37 Med: 22 Max: 88.4
Current: 88.4

During the past 8 years, Embark Early Education's highest Days Payable was 88.40. The lowest was 10.37. And the median was 22.00.

ASX:EVO's Days Payable is ranked better than
75.59% of 213 companies
in the Education industry
Industry Median: 37.29 vs ASX:EVO: 88.40

Embark Early Education's Days Payable declined from Dec. 2022 (74.62) to Dec. 2023 (50.64). It may suggest that Embark Early Education accelerated paying its suppliers.

Embark Early Education Days Payable Historical Data

The historical data trend for Embark Early Education'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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Embark Early Education Days Payable Chart

Embark Early Education Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Days Payable

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24.26

10.37

15.97

50.23

55.63

Embark Early Education Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial												63.11	-	74.62	-	50.64

Competitive Comparison of Embark Early Education's Days Payable

For the Education & Training Services subindustry, Embark Early Education'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.

Embark Early Education's Days Payable Distribution in the Education Industry

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

* The bar in red indicates where Embark Early Education's Days Payable falls into.

Embark Early Education 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.

Embark Early Education'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
=	( (0.843	+	0.654)	/	2 )	/	4.911	*	365
=	0.7485					/	4.911	*	365
=	55.63

Embark Early Education'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
=	( (2.072	+	0.654)	/	2 )	/	4.912	*	365 / 2
=	1.363					/	4.912	*	365 / 2
=	50.64

Embark Early Education Days Payable Related Terms

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Embark Early Education (ASX:EVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Embark Early Education Ltd (ASX:EVO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

120-122 Siganto Drive, Suite 102, Level 1, M1 Connect Business Hub, Helensvale, Gold Coast, QLD, AUS, 4212

Website

https://www.embarkeducation.com.au

Embark Early Education Ltd is a company that is engaged in the provision and management of an early childhood education service that gives parents and caregivers the option of which service suits their child's learning and care needs. The Group reports operating segments by geographical location, namely New Zealand and Australia. The majority of revenue is from the New Zealand segment. The principal activities of the Company include the management of high-quality early childhood education centres.