Ironwood Education (BOM:508918) Days Payable : 106.42 (As of Dec. 2023)

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What is Ironwood Education Days Payable?

Ironwood Education's average Accounts Payable for the three months ended in Dec. 2023 was ₹6.01 Mil. Ironwood Education's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹5.15 Mil. Hence, Ironwood Education's Days Payable for the three months ended in Dec. 2023 was 106.42.

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

BOM:508918' s Days Payable Range Over the Past 10 Years
Min: 9.35 Med: 48.8 Max: 112.41
Current: 76.77

During the past 13 years, Ironwood Education's highest Days Payable was 112.41. The lowest was 9.35. And the median was 48.80.

BOM:508918's Days Payable is ranked better than
73.24% of 213 companies
in the Education industry
Industry Median: 37.29 vs BOM:508918: 76.77

Ironwood Education's Days Payable increased from Dec. 2022 (80.66) to Dec. 2023 (106.42). It may suggest that Ironwood Education delayed paying its suppliers.

Ironwood Education Days Payable Historical Data

The historical data trend for Ironwood 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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Ironwood Education Days Payable Chart

Ironwood Education Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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32.24

55.06

101.07

112.41

82.09

Ironwood Education Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															80.66	69.05	52.63	91.59	106.42

Competitive Comparison of Ironwood Education's Days Payable

For the Education & Training Services subindustry, Ironwood 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.

Ironwood Education's Days Payable Distribution in the Education Industry

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

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

Ironwood 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.

Ironwood Education's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (4.857	+	3.777)	/	2 )	/	19.195	*	365
=	4.317					/	19.195	*	365
=	82.09

Ironwood 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (6.005	+	0)	/	1 )	/	5.149	*	365 / 4
=	6.005					/	5.149	*	365 / 4
=	106.42

Ironwood Education Days Payable Related Terms

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Ironwood Education (BOM:508918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Ironwood Education Ltd (BOM:508918) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

KHIL House, 70-C Nehru Road, 1st Floor, Adjacent to Domestic Airport, Vile Parle (East), Mumbai, MH, IND, 400099

Website

https://www.ironwoodworld.com

Ironwood Education Ltd is a vocational education provider across India and the Middle East. The company is operating the EMDI Institute of media and communication. The company offers industry-relevant postgraduate diploma in Global sports management courses under the brand Ironwood Sports Management Global Academy; a specialized course in wedding planning; and digital marketing and E-commerce. The company has carried out business operations only in the segment of Vocational Education.

Ironwood Education (BOM:508918) Headlines

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