Readboy Education Holding Co (HKSE:02385) Days Payable : 27.40 (As of Dec. 2023)

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What is Readboy Education Holding Co Days Payable?

Readboy Education Holding Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$31.1 Mil. Readboy Education Holding Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$207.4 Mil. Hence, Readboy Education Holding Co's Days Payable for the six months ended in Dec. 2023 was 27.40.

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

HKSE:02385' s Days Payable Range Over the Past 10 Years
Min: 46.02 Med: 62.69 Max: 86.32
Current: 66.96

During the past 5 years, Readboy Education Holding Co's highest Days Payable was 86.32. The lowest was 46.02. And the median was 62.69.

HKSE:02385's Days Payable is ranked better than
68.72% of 211 companies
in the Education industry
Industry Median: 35.9 vs HKSE:02385: 66.96

Readboy Education Holding Co's Days Payable declined from Dec. 2022 (58.05) to Dec. 2023 (27.40). It may suggest that Readboy Education Holding Co accelerated paying its suppliers.

Readboy Education Holding Co Days Payable Historical Data

The historical data trend for Readboy Education Holding Co'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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Readboy Education Holding Co Days Payable Chart

Readboy Education Holding Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

62.69

60.72

46.02

63.16

86.32

Readboy Education Holding Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			33.07	73.53	58.05	130.55	27.40

Competitive Comparison of Readboy Education Holding Co's Days Payable

For the Education & Training Services subindustry, Readboy Education Holding Co'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.

Readboy Education Holding Co's Days Payable Distribution in the Education Industry

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

* The bar in red indicates where Readboy Education Holding Co's Days Payable falls into.

Readboy Education Holding Co 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.

Readboy Education Holding Co'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
=	( (98.4	+	39.706)	/	2 )	/	291.986	*	365
=	69.053					/	291.986	*	365
=	86.32

Readboy Education Holding Co'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
=	( (22.581	+	39.706)	/	2 )	/	207.423	*	365 / 2
=	31.1435					/	207.423	*	365 / 2
=	27.40

Readboy Education Holding Co Days Payable Related Terms

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Readboy Education Holding Co (HKSE:02385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Readboy Education Holding Co Ltd (HKSE:02385) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 38, Changyi Road, Wuguishan, Guangdong Province, Zhongshan, CHN

Website

https://www.readboy.com

Readboy Education Holding Co Ltd is an investment holding company engaged in the production and sale of personal student tablets, smart classroom solutions, wearable products, other products, and advertisement and content licensing in the People's Republic of China. The company has five operating segments; Production and sale of personal student tablets, Production and sale of smart classroom solutions, Production and sale of wearable products, Production and sale of other products, and Advertisement and content licensing. It derives a majority of its revenue from the production and sale of personal student tablets in the People's Republic of China.

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