China Education Group Holdings (HKSE:00839) Days Payable : 8.17 (As of Aug. 2023)

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What is China Education Group Holdings Days Payable?

China Education Group Holdings's average Accounts Payable for the six months ended in Aug. 2023 was HK$61 Mil. China Education Group Holdings's Cost of Goods Sold for the six months ended in Aug. 2023 was HK$1,371 Mil. Hence, China Education Group Holdings's Days Payable for the six months ended in Aug. 2023 was 8.17.

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

HKSE:00839' s Days Payable Range Over the Past 10 Years
Min: 7.03 Med: 10.17 Max: 23.79
Current: 7.75

During the past 9 years, China Education Group Holdings's highest Days Payable was 23.79. The lowest was 7.03. And the median was 10.17.

HKSE:00839's Days Payable is ranked worse than
82.94% of 211 companies
in the Education industry
Industry Median: 35.9 vs HKSE:00839: 7.75

China Education Group Holdings's Days Payable increased from Aug. 2022 (6.99) to Aug. 2023 (8.17). It may suggest that China Education Group Holdings delayed paying its suppliers.

China Education Group Holdings Days Payable Historical Data

The historical data trend for China Education Group Holdings'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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China Education Group Holdings Days Payable Chart

China Education Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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10.17

9.60

7.03

7.67

8.32

China Education Group Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Payable	Get a 7-Day Free Trial													4.66	6.99	8.82	8.17	6.52

Competitive Comparison of China Education Group Holdings's Days Payable

For the Education & Training Services subindustry, China Education Group Holdings'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.

China Education Group Holdings's Days Payable Distribution in the Education Industry

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

* The bar in red indicates where China Education Group Holdings's Days Payable falls into.

China Education Group Holdings 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.

China Education Group Holdings's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (64.612	+	56.144)	/	2 )	/	2647.42	*	365
=	60.378					/	2647.42	*	365
=	8.32

China Education Group Holdings's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2023 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (66.559	+	56.144)	/	2 )	/	1371.216	*	365 / 2
=	61.3515					/	1371.216	*	365 / 2
=	8.17

China Education Group Holdings Days Payable Related Terms

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China Education Group Holdings (HKSE:00839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Education Group Holdings Ltd (HKSE:00839) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CEGHF:USA C3W:Germany

Address

18 Harbour Road, Suite 6703–04, 67th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.chinaeducation.hk

China Education Group Holdings Ltd is a leading ultra-large-scale private education group in China with 30 years of experience in higher education operations. CEG's schools offer both higher vocational education and secondary vocational education. The school network spans domestic China and overseas. CEG also offers continuing education to full-time working adults. The group's total enrolled full-time students in China expanded more than 3 times over the last six years to about 248,000 as of August 2023. The rapid growth is primarily attributable to school acquisitions. CEG currently operates 14 schools, up from only 3 in 2017.

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