Chen Lin Education Group Holdings (HKSE:01593) Days Payable : 4.51 (As of Feb. 2024)

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What is Chen Lin Education Group Holdings Days Payable?

Chen Lin Education Group Holdings's average Accounts Payable for the six months ended in Feb. 2024 was HK$6.2 Mil. Chen Lin Education Group Holdings's Cost of Goods Sold for the six months ended in Feb. 2024 was HK$249.9 Mil. Hence, Chen Lin Education Group Holdings's Days Payable for the six months ended in Feb. 2024 was 4.51.

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

HKSE:01593' s Days Payable Range Over the Past 10 Years
Min: 2.47 Med: 3.88 Max: 5.84
Current: 3.48

During the past 7 years, Chen Lin Education Group Holdings's highest Days Payable was 5.84. The lowest was 2.47. And the median was 3.88.

HKSE:01593's Days Payable is ranked worse than
89.62% of 212 companies
in the Education industry
Industry Median: 36.8 vs HKSE:01593: 3.48

Chen Lin Education Group Holdings's Days Payable increased from Feb. 2023 (2.41) to Feb. 2024 (4.51). It may suggest that Chen Lin Education Group Holdings delayed paying its suppliers.

Chen Lin Education Group Holdings Days Payable Historical Data

The historical data trend for Chen Lin 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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Chen Lin Education Group Holdings Days Payable Chart

Chen Lin Education Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Aug22

Aug23

Days Payable

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5.84

5.73

3.88

2.47

4.74

Chen Lin Education Group Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Payable	Get a 7-Day Free Trial								2.06	3.22	2.41	4.61	4.51

Competitive Comparison of Chen Lin Education Group Holdings's Days Payable

For the Education & Training Services subindustry, Chen Lin 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.

Chen Lin Education Group Holdings's Days Payable Distribution in the Education Industry

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

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

Chen Lin 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.

Chen Lin 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
=	( (3.827	+	5.556)	/	2 )	/	361.548	*	365
=	4.6915					/	361.548	*	365
=	4.74

Chen Lin Education Group Holdings's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (5.556	+	6.802)	/	2 )	/	249.889	*	365 / 2
=	6.179					/	249.889	*	365 / 2
=	4.51

Chen Lin Education Group Holdings Days Payable Related Terms

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Chen Lin Education Group Holdings (HKSE:01593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Chen Lin Education Group Holdings Ltd (HKSE:01593) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 001, Xinjian Lianfu Dadao, Jiangxi, Nanchang, CHN

Website

http://www.chenlin-edu.com

Chen Lin Education Group Holdings Ltd is engaged in the provision of private tertiary education services in the PRC. The group derives revenue from Tuition fees, Boarding fees, Internship management fees, Tutoring and program management services, and others.

Executives

Huang Yulin	2201 Interest of corporation controlled by you
Huangyulin Holdings Limited	2101 Beneficial owner
Wang Li

Chen Lin Education Group Holdings (HKSE:01593) Headlines

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