Ace Edutrend (BOM:530093) Days Payable : 16,729.17 (As of Mar. 2024)

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What is Ace Edutrend Days Payable?

Ace Edutrend's average Accounts Payable for the three months ended in Mar. 2024 was ₹22.00 Mil. Ace Edutrend's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹0.12 Mil. Hence, Ace Edutrend's Days Payable for the three months ended in Mar. 2024 was 16,729.17.

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

BOM:530093' s Days Payable Range Over the Past 10 Years
Min: 45.72 Med: 2446.34 Max: 88917.65
Current: 71757.99

During the past 13 years, Ace Edutrend's highest Days Payable was 88917.65. The lowest was 45.72. And the median was 2446.34.

BOM:530093's Days Payable is ranked better than
99.53% of 213 companies
in the Education industry
Industry Median: 36.31 vs BOM:530093: 71757.99

Ace Edutrend's Days Payable increased from Mar. 2023 (0.00) to Mar. 2024 (16,729.17). It may suggest that Ace Edutrend delayed paying its suppliers.

Ace Edutrend Days Payable Historical Data

The historical data trend for Ace Edutrend'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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Ace Edutrend Days Payable Chart

Ace Edutrend Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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7,591.29

30,872.92

88,917.65

70,574.27

Ace Edutrend 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															-	-	-	-	16,729.17

Competitive Comparison of Ace Edutrend's Days Payable

For the Education & Training Services subindustry, Ace Edutrend'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.

Ace Edutrend's Days Payable Distribution in the Education Industry

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

* The bar in red indicates where Ace Edutrend's Days Payable falls into.

Ace Edutrend 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.

Ace Edutrend's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (24.405	+	22)	/	2 )	/	0.12	*	365
=	23.2025					/	0.12	*	365
=	70,574.27

Ace Edutrend'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
=	( (0	+	22)	/	1 )	/	0.12	*	365 / 4
=	22					/	0.12	*	365 / 4
=	16,729.17

Ace Edutrend Days Payable Related Terms

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Ace Edutrend (BOM:530093) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Ace Edutrend Ltd (BOM:530093) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-7/6, Jhilmil Industrial Area, Shahdara, New Delhi, IND, 110095

Website

http://www.aceedutrend.co.in

Ace Edutrend Ltd is an India-based company engaged in providing coaching and vocational secondary education. The company is engaged in the Tutoring and Coaching Segment and providing Higher and Vocational Education.

Ace Edutrend (BOM:530093) Headlines

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