Al-Zarka Educational & Investment Co (AMM:ZEIC) Days Payable : 88.40 (As of Mar. 2024)

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What is Al-Zarka Educational & Investment Co Days Payable?

Al-Zarka Educational & Investment Co's average Accounts Payable for the three months ended in Mar. 2024 was JOD3.93 Mil. Al-Zarka Educational & Investment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD4.05 Mil. Hence, Al-Zarka Educational & Investment Co's Days Payable for the three months ended in Mar. 2024 was 88.40.

The historical rank and industry rank for Al-Zarka Educational & Investment Co's Days Payable or its related term are showing as below:

AMM:ZEIC' s Days Payable Range Over the Past 10 Years
Min: 28.47 Med: 50.63 Max: 103.95
Current: 90.14

During the past 13 years, Al-Zarka Educational & Investment Co's highest Days Payable was 103.95. The lowest was 28.47. And the median was 50.63.

AMM:ZEIC's Days Payable is ranked better than
76.06% of 213 companies
in the Education industry
Industry Median: 37.29 vs AMM:ZEIC: 90.14

Al-Zarka Educational & Investment Co's Days Payable declined from Mar. 2023 (103.22) to Mar. 2024 (88.40). It may suggest that Al-Zarka Educational & Investment Co accelerated paying its suppliers.

Al-Zarka Educational & Investment Co Days Payable Historical Data

The historical data trend for Al-Zarka Educational & Investment 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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Al-Zarka Educational & Investment Co Days Payable Chart

Al-Zarka Educational & Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

50.63

57.25

54.51

84.71

103.95

Al-Zarka Educational & Investment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															103.22	104.40	92.86	81.81	88.40

Competitive Comparison of Al-Zarka Educational & Investment Co's Days Payable

For the Education & Training Services subindustry, Al-Zarka Educational & Investment 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.

Al-Zarka Educational & Investment Co's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Al-Zarka Educational & Investment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Al-Zarka Educational & Investment Co's Days Payable falls into.

Al-Zarka Educational & Investment 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.

Al-Zarka Educational & Investment 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
=	( (3.707	+	4.257)	/	2 )	/	13.982	*	365
=	3.982					/	13.982	*	365
=	103.95

Al-Zarka Educational & Investment Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (4.257	+	3.598)	/	2 )	/	4.054	*	365 / 4
=	3.9275					/	4.054	*	365 / 4
=	88.40

Al-Zarka Educational & Investment Co Days Payable Related Terms

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Al-Zarka Educational & Investment Co (AMM:ZEIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Al-Zarka Educational & Investment Co (AMM:ZEIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Commercial Zone, P.O. Box 132222, Al-Zarqa, JOR, 13132

Website

http://www.zu.edu.jo

Al-Zarka Educational & Investment Co provides educational services. It is a private university located in Zarqa city. The university offers quality education that provides students with the knowledge and the essential skills need to upgrade academic achievements, achieve comprehensive and integrated development of their personalities, prepare them for the future and form their positive perspectives.

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