Visionary Holdings (Visionary Holdings) Days Payable : 54.02 (As of Sep. 2023)

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What is Visionary Holdings Days Payable?

Visionary Holdings's average Accounts Payable for the six months ended in Sep. 2023 was $0.97 Mil. Visionary Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was $3.26 Mil. Hence, Visionary Holdings's Days Payable for the six months ended in Sep. 2023 was 54.02.

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

GV' s Days Payable Range Over the Past 10 Years
Min: 3.17 Med: 16.5 Max: 51
Current: 38.69

During the past 4 years, Visionary Holdings's highest Days Payable was 51.00. The lowest was 3.17. And the median was 16.50.

GV's Days Payable is ranked better than
50.94% of 212 companies
in the Education industry
Industry Median: 36.105 vs GV: 38.69

Visionary Holdings's Days Payable declined from Sep. 2022 (66.54) to Sep. 2023 (54.02). It may suggest that Visionary Holdings accelerated paying its suppliers.

Visionary Holdings Days Payable Historical Data

The historical data trend for Visionary 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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Visionary Holdings Days Payable Chart

Visionary Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

10.22

3.17

22.77

51.00

Visionary Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			6.57	26.61	66.54	32.17	54.02

Competitive Comparison of Visionary Holdings's Days Payable

For the Education & Training Services subindustry, Visionary 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.

Visionary Holdings's Days Payable Distribution in the Education Industry

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

* The bar in red indicates where Visionary Holdings's Days Payable falls into.

Visionary 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.

Visionary Holdings'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
=	( (0.279	+	1.026)	/	2 )	/	4.67	*	365
=	0.6525					/	4.67	*	365
=	51.00

Visionary Holdings's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.026	+	0.905)	/	2 )	/	3.262	*	365 / 2
=	0.9655					/	3.262	*	365 / 2
=	54.02

Visionary Holdings Days Payable Related Terms

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Visionary Holdings (Visionary Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Visionary Holdings Inc (NAS:GV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

105 Moatfield Drive, Unit 1003, Toronto, ON, CAN, M3B 0A2

Website

https://www.visiongroupca.com

Visionary Education Technology Holdings Group Inc engaged in education related businesses, which includes high school education programs, real estate development, vocational education, online education and other education-related consulting services.