EpicQuest Education Group International (EpicQuest Education Group International) Days Payable : 288.56 (As of Sep. 2023)

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What is EpicQuest Education Group International Days Payable?

EpicQuest Education Group International's average Accounts Payable for the six months ended in Sep. 2023 was $1.16 Mil. EpicQuest Education Group International's Cost of Goods Sold for the six months ended in Sep. 2023 was $0.73 Mil. Hence, EpicQuest Education Group International's Days Payable for the six months ended in Sep. 2023 was 288.56.

The historical rank and industry rank for EpicQuest Education Group International's Days Payable or its related term are showing as below:

EEIQ' s Days Payable Range Over the Past 10 Years
Min: 12.31 Med: 18.97 Max: 195.01
Current: 195.01

During the past 6 years, EpicQuest Education Group International's highest Days Payable was 195.01. The lowest was 12.31. And the median was 18.97.

EEIQ's Days Payable is ranked better than
89.57% of 211 companies
in the Education industry
Industry Median: 35.9 vs EEIQ: 195.01

EpicQuest Education Group International's Days Payable declined from Sep. 2022 (344.23) to Sep. 2023 (288.56). It may suggest that EpicQuest Education Group International accelerated paying its suppliers.

EpicQuest Education Group International Days Payable Historical Data

The historical data trend for EpicQuest Education Group International'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.

* Premium members only.

EpicQuest Education Group International Days Payable Chart

EpicQuest Education Group International Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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17.37

12.31

18.97

21.67

36.57

EpicQuest Education Group International Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial						240.12	184.01	344.23	260.60	288.56

Competitive Comparison of EpicQuest Education Group International's Days Payable

For the Education & Training Services subindustry, EpicQuest Education Group International'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.

EpicQuest Education Group International's Days Payable Distribution in the Education Industry

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

* The bar in red indicates where EpicQuest Education Group International's Days Payable falls into.

EpicQuest Education Group International 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.

EpicQuest Education Group International's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.091	+	0.21)	/	2 )	/	1.502	*	365
=	0.1505					/	1.502	*	365
=	36.57

EpicQuest Education Group International'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
=	( (2.108	+	0.21)	/	2 )	/	0.733	*	365 / 2
=	1.159					/	0.733	*	365 / 2
=	288.56

EpicQuest Education Group International Days Payable Related Terms

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EpicQuest Education Group International (EpicQuest Education Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » EpicQuest Education Group International Ltd (NAS:EEIQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1209 North University Boulevard, Middletown, OH, USA, 45042

Website

https://www.epicquesteducation.com

EpicQuest Education Group International Ltd provides comprehensive education solutions for domestic and international students interested in university and college degree programs in the U.S., Canada, and the UK. In addition, the company has a recruiting relationship with the regional campuses of Miami University of Ohio, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses, and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University.