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G8 Education (ASX:GEM) Accounts Payable & Accrued Expense for Financial Companies


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What is G8 Education Accounts Payable & Accrued Expense for Financial Companies?

Accounts Payable & Accrued Expense for Financial Companies only applies to insurance companies.


G8 Education (ASX:GEM) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » G8 Education Ltd (ASX:GEM) » Definitions » Accounts Payable & Accrued Expense for Financial Companies
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159 Varsity Parade, Varsity Lakes, Gold Coast, QLD, AUS, 4227
G8 Education Ltd operates a portfolio of around 438 childcare centres in Australia, implying a market share of less than 10%. The company relies on government subsidies, which comprise around 60% of childcare fees, but we expect subsidies to grow with childcare demand. G8 does not own the buildings from which its childcare centres operate, and labour costs comprise around 60% of revenue. Rental costs comprise around 10-15%.