China Liberal Education Holdings (China Liberal Education Holdings) Days Payable

: 0.00 (As of Dec. 2023)

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China Liberal Education Holdings's average Accounts Payable for the six months ended in Dec. 2023 was $0.49 Mil. China Liberal Education Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $-5.20 Mil.

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

CLEU' s Days Payable Range Over the Past 10 Years
Min: 9.39 Med: 29.05 Max: 196.98
Current: 171.08

During the past 7 years, China Liberal Education Holdings's highest Days Payable was 196.98. The lowest was 9.39. And the median was 29.05.

CLEU's Days Payable is ranked better than
84.36% of 211 companies
in the Education industry
Industry Median: 35.9 vs CLEU: 171.08

China Liberal Education Holdings's Days Payable declined from Dec. 2022 (105.59) to Dec. 2023 (0.00). It may suggest that China Liberal Education Holdings accelerated paying its suppliers.

China Liberal Education Holdings Days Payable Historical Data

The historical data trend for China Liberal Education 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 Liberal Education Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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9.39

14.89

46.66

143.50

196.98

China Liberal Education Holdings Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								34.35	51.28	105.59	16.54	-

Competitive Comparison

For the Education & Training Services subindustry, China Liberal Education 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 Liberal Education Holdings Days Payable Distribution

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

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

China Liberal Education 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 Liberal Education Holdings'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
=	( (0.762	+	0.571)	/	2 )	/	1.235	*	365
=	0.6665					/	1.235	*	365
=	196.98

China Liberal Education Holdings'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
=	( (0.405	+	0.571)	/	2 )	/	-5.202	*	365 / 2
=	0.488					/	-5.202	*	365 / 2
=	N/A

China Liberal Education Holdings Days Payable Related Terms

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China Liberal Education Holdings (China Liberal Education Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Liberal Education Holdings Ltd (NAS:CLEU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. A1 Chaoqian Road, Room 805, Block 15, Science and Technology Park, Changping District, Beijing, CHN, 102200

Website

http://www.chinaliberal.com

China Liberal Education Holdings Ltd is an educational service provider operating in China. The company's operating segment includes Sino-foreign Jointly Managed Academic Programs, textbooks and course material sales, Overseas Study Consulting Services, Technological Consulting Services for Smart Campus Solutions and Tailored Job Readiness Training Services. Geographically, it derives revenue from China.